You may find that the Lever is worn on the end that touches the Control Fork inside, in fact you may find that both parts are worn i.e. the lever and the Control Fork.Remove the Right Side Cover and with the Engine running and the PTO in gear, move the Lever, and the Control Fork that hangs down from the top should move back-wards and for-wards, it should not bend in the middle, it should remain straight at all times. If it bends the Control valve is sticking. If it moves as it is supposed to do, to get it to drop, use a long screwdriver and try to move the Control Fork to the rear (GENTLY) that should make it drop, if it does it is most likely the wear in the Lever or the Lever is not adjusted correctly. I suppose that you have checked the Lever and the place at which the 3 point starts to lower. With the Lever at the top, measure 2-1/2" from the front of the Lever and mark the Quadrant side rail and the 3 point should start to drop, when the Rear of the Lever is level with the line you just marked on the Quadrant. If it varies from this that could cause your problem too. If you remove the Quadrant and Lever from the Tractor and look at the end of the shaft and also check if there is wear in the "tube" or housing in which the Lever shaft operates. If there is wear here then the Lever is not moving the Control Fork and the Control Valve, far enough. If the Fork moves but the 3 point does not do anything, then the Valve could have become detached at the bottom of the Fork.If you want more information about all this just email me and I will send it.DON'T PUT YOUR HANDS IN THE OIL..John(UK)...firstname.lastname@example.org
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