Let it sit for a day and crack the drain plug on the oil pan. Turn it out a few turns and water will come out before oil will. If the water is green bad news if its clear change the oil and run it. The german diesels are knowen for the sleeve orings to break down and leak. You have to tear down the engine to replace them. If its a Farmall row crop 544 they are quite rare with the diesel engine. I'd snap it up even if it needs an overhaul, very handy tractor.
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Today's Featured Article - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
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