Most likely, the transmission pinion shaft seal is leaking and has gotten oil on the brakes. Since the tractor is 50 years old, the brake linings are likely worn out too. Most likely you will not need to turn the drums. To get to the brake drums, you have to remove the final drives, so it's a fairly big job requiring lifting equipment or helper(s). There is nothing complicated here, but you should get yourself a parts manual and a shop manual. The main caution is support of the tractor while doing this. Due to the offset design, things can get unstable when the rear wheels are removed. Best to do one side at a time to minimize this problem. Also putting wedge blocks at the front axle so it can't pivot helps the stability problem. And while you are at it, replace the pinion shaft seals. You have to remove the brake drum from the pinion shaft to get to the one on the final drive side.
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Today's Featured Article - Pitfalls of Tractor Engine Rebuilds - by Chris Pratt. The first pop after you have put the machine together with your own hands is exciting and pleasing. The whole experience can be marred if one moves too fast and makes too many assumptions that they can just use "as is" some parts they should be closely scrutinizing and possibly attended to. In such cases, rework makes what could have been a fun project turn into an irritant or even a nightmare. Minor Irritants To give you an example of an minor but irritating proble
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