Replacing the valve in the house is a 15 minute job with little or no skills required and two pipe wrenches. I think a super quality valve is, like $15 or so with cheapy plastive ones (watch how tight you tighten them!) are $3 or so.
Fixing the top one, or adding one if there is none, should fix your cycling problem, or at least dramatically reduce it. Either way, you need to fix it as soon as possible because otherwise you'll burn your pump out - they aren't made to cycle frequently. And you'll probably have to fix it if you want to sell the house anyway. Off course, electricity ain't free, neither.
Even the one in the well is a pretty easy fix, at least if a Pitless adapter was used and the well isn't buried (i.e. a 4" pipe is sticking up somewhere, or is in a pit like mine). If you have access to the 4" pipe, pop off the top and look if you see a blind female threaded fitting about 1" in diameter.
If you have a Pitless adapter, you are in luck. Make a 'T' out of a section of pipe (to fit the female), two handles, and a 'T' fitting. Screw the 'T' into the female and give a pull straight up. This will pull the fitting of the pitless adapter free. Keep pulling.
I make sure my pump is connected to a stout poly robe. A lot of people don't bother and let the wire or pipe hold it up. That way I can pull, easier, and I can tie the rope when I want to rest.
If you are lucky, the down pipe will be plastic. If you are unlucky it will be one type of steel or another. Basically, you keep pulling things up until the pump comes up. Stopping a steel pipe from falling back while you yard on the fittings can be sporting. I would use something like pipe clamps, but I've never had to deal with the problem.
Remove and replace the valve, and lower everything back down. Piece of cake. Shouldn't take more than a morning, unless you have steel pipes or its not a Pitless adapter or you can't get at the well.
Its not that complex, and the worse that happens is you call the well guy after you give up.
Good luck if you try it.
