I had a truck that had that problem so bad, it rusted the dip stick, and dip stick tube. I had chunks of rust on the dip stick every time I checked the oil. The oil itself was fine. Dip stick was always covered with white milky condensate. The dipstick actually blew out of the dip stick tube a couple times. It was a simple fix. I think PVC valve, but don't remember. Your engine is not ventilating. I'd start with PVC valve.
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Today's Featured Article - What Oil Should I Use? - by Francis Robinson. I keep seein this question pop up over and over again in discussion groups all over the web. As with many things there are often several right answers and a few wrong ones. Some purist I'm sure will disagree to no end with what I will tell you but most of us out here in the real world don't really care do we ? Some of them only bring their noses down out of the air long enough to look down them anyway. If you are like me you are only doing this old tractor stuff because you enjoy it. You
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