There are actually two "clutch shafts" on your tractor. One in front that goes through the bell housing. There should be NO oil in there. If its leaking from there you will need to split the tractor to replace the transmission seals. The other shaft is the clutch and brake actuating shaft. That one goes through the rear center housing just behind the transmission. I suspect that is the one you are referring to. That one does have oil inside. You remove both step plates and all the brake and clutch linkages and go at the shaft on the right side of the tractor. There is a circlip there you remove and take off both break pedals. The left pedal clamps onto the shaft with a bolt and has a key inside. The key must come out. Then the shaft pulls out from the left side of the tractor. Now you can renew the seals - one on each side. If the shaft is worn a lot you will need to replace it. Otherwise your seals will not last and you'll be right back in there. There is a very good Ford board here with a bunch of knowledgeable, helpful guys on it. I suggest in the future you ask your Ford specific questions there.
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Today's Featured Article - 12-Volt Conversions for 4-Cylinder Ford 2000 & 4000 Tractors - by Tommy Duvall. After two summers of having to park my old 1964 model 4000 gas 4 cyl. on a hill just in case the 6 volt system, for whatever reason, would not crank her, I decided to try the 12 volt conversion. After some research of convert or not, I decided to go ahead, the main reason being that this tractor was a working tractor, not a show tractor (yet). I did keep everything I replaced for the day I do want to restore her to showroom condition.
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