The first thing I'd check is the water pump. Make sure there isn't a green streak coming from the drain hole on the bottom of the pump housing. If you're working the tractor reasonably hard it will get hot enough to evaporate the coolant that leaks out through the water pump drain, but there will be a green powder trail there... If so, replace the water pump.
Beyond that I'd check for bubbles in the coolant indicating a bad head gasket.... but ususally if they're losing any amount of coolant from that, they pressurise and blow it out the radiator overflow. You'd get that square in the face, so you should notice that.... Ford blocks are also somewhat known for water jacket perforation due to cavitation erosion.... but that generally presents itself as coolant in the oil. I'd check the water pump first, then look for bubbles in the coolant.
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Today's Featured Article - Madison's County - by Anthony West. Philip Madison has been a good friend of mine for quite some time. He has patiently suffered my incessant chit chat on the subject of tractors for longer than I care to remember, and on many occasions he has put himself out, dropped what ever it was he was doing, to come and lend a hand cranking handles, or loading a find onto a trailer. Although he himself has never actually owned or restored a tractor, he was always enthusiastic and always around helping with other peoples projects.
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