You can't cut threads bigger. The problem is the threads are stripped and the diameter of the shaft is too small already. You can only go smaller.
The nut spins. The threads are gone. There is nothing for one of those clamping nuts to grab on to.
I don't know how you'd machine the axle down enough to take threads for the next size smaller nut, on the tractor, with basic tools, but that's the only way to make the existing axle work.
There is no loctite product on this planet that will hold when there are no threads. Unless Loctite makes welding rods, because you could weld the nut on.
Realistically the only solution is to replace the entire front end. Once it's out from under the tractor maybe someone can do something to replace the axle, but on the tractor the options are limited.
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Today's Featured Article - Fordson Model N: Field Service Operations and Lubrication - by Anthony West. The daily or weekly servicing of any vehicle is of the utmost importance, and in days gone by when our favorite tractors were doing an important and Commercially vital job on the farm, these service operations would make a major difference to the running costs and economy of the farm. This being so, it surprises me to see how many enthusiasts attending rallies, shows etc, seem to be unaware of the importance of this constant attention. Possibly the modern machine with its 6,000 mile or even once
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