Glad to see you are taking your time to become familiar with the tractor before you get in too deep. An Operators Manual is a great asset for that, you can find them fairly easily. To answer your question you need to gently bend that rod back fairly straight while moving it to the lever. Take a paper clip with you, the very bottom of the lever end has a hole in it to keep it in place. Moving it close enough is probably good enough so long as it moves the lever the FULL range of motion. The previous owners didn't do you any favors. Look at your second pic, the rubber boots look worn out which will allow water to seep into the hydraulic system. Until you can get new ones(very common, sold on this site) put a plastic jug over them both to keep the water out. Sadly your hydraulic fluid is probably contaminated and with snow/cold weather may have frozen which may impair operation of your loader. Before you try starting it you may want to drain any water out of the system by loosening the drain plugs just enough to allow water to leak out. When oil starts coming out tighten back up, should be 1 and 1/16 inch size, left side bottom, should be two of them. If it's still frozen then you may have to wait until warmer weather :-( Your glass bowl looks awful, it needs to be drained and cleaned even though it may require having to bleed the system but one thing at a time. The operators manual tells you how do it but watching someone do it is much faster. Report back and someone will walk you through it when needed. You've got one of the toughest tractors out there, take your time and it will do a lot of work for you!
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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