I would say the balance shafts in the pan siezed due to lack of oil, this in turn broke the balance shaft chain/sprocket witch in turn broke the timing belt, If you do not have compression on all the cylinders, you have a broken timing belt, BTW that engine is a close tolerance, if the belt broke, you may have bent valves. Or it could be something really simple, there is no low oil pressure lockout device, if you have spark, fuel and air it should run, if you have compression.
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Today's Featured Article - Field Modifications (Sins of the Farmer) - by Staff. Picture a new Chevrolet driving down the street without it's grill, right fender and trunk lid. Imagine a crude hole made in the hood to accommodate a new taller air cleaner, the fender wells cut away to make way for larger tires, and half of a sliding glass door used to replace the windshield. Top that off with an old set of '36 Ford headlight shells bolted to the hood. Pretty unlikely for a car... but for a tractor, this is pretty normal. It seems that more often than not they a
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