Is the radiator water level down?? Your moisture COULD be condensation. Since you have not ran the tractor since October. I would change the oil and run it and see if you still have milky oil after that. Also check to see if you have any bubbles coming up into the radiator. A bad head gasket can do that. While your running it check the temperature with some thing other than the factory gauge. I have had them go bad. I usually use a inferred thermometer. IF your sure it is getting hot and there is water. I would pull the head and have it checked. The water leak could be many things but the getting hot is usually head or head gasket issues allowing combustion gas into the water.
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Today's Featured Article - A Brief History of Tractors in Australia - by Bob Kavanagh. After Captain Cook's exploration of the east coast in 1770 the British Government decided to establish a penal colony in Australia. The first fleet arrived in 1788 and consisted mainly of convicts who were poorly equipped and new little of farming techniques. The colony remained far from self-supporting and it was not until the early 1800's that things started to improve. Free settlers started to arrive, they followed the explorers across the mountains and where land was suitable set up farms. T
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