I agree with NDIHC, that banjo bolt looks like the ones that hold the hose on an automotive disc brake. Most tractor style banjo bolts of that era had a hex large enough that the seat was slightly smaller than the hex, see 1st link example. The one you show has a flange head and sure enough you can find those for brake caliper applications, 2nd link. So either someone did some brake caliper swapping in your shop and let this one walk into your tractor bolt stash. Or someone previously put it in some location on your tractor using it as a regular fastener.
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Today's Featured Article - Tractor Profile: Farmall M - by Staff. H so that mountable implements were interchaneable. The Farmall M was most popular with large-acreage row-crop farmers. It was powered by either a high-compression gas engine or a distillate version with lower compression. Options included the Lift-All hydraulic system, a belt pulley, PTO, rubber tires, starter, lights and a swinging drawbar. It could be ordered in the high-crop, wide-front or tricycle configurations. The high-crop version was called a Model MV.
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