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That may not work -- if the key didn't work, it could be that the solenoid is stuck ON, so clipping the wire will do no good.
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When you remove the power to the solenoid, the solenoid will close...... that is, if it isn't a solenoid that holds closed by electrical current. My guess is that all tractors that use solenoids are the type that open when power is applied to them. If they were the type that were held closed by power, then there would be a lot of dead batteries in the morning. Cutting the current to the fuel pump would be another alternative, or cutting the battery cable. The basic design of a solenoid is that if it fails, it will fail in its normally static state. I have never seen a solenoid that has failed in any other state, unless the points have burned together. This only happens on high amperage circuits such as starters, not fuel pumps.