Since you have not adjusted the valve lash nor have any ideal when they may have last been adjusted, I would nit get overly excited about my the compression numbers until you have everything external as right as you can get it. A valve not seating on the compression stroke could be your loss.
A decision on what to do with the tractor in my opinion is not relevant yet.
To help with this, you mentioned topping off fluids, but what are the condition (appearance and levels) of your coolant and oil after running several compression test and other periods of cranking.
I am a bit old school mechanic and like a pressure leak down test. This is charging each cylinder individually with air pressure (there are tools for this similar to a compression tester). Each cylinder needs to be on the compression stroke (valve adjustment should be done first). You pressurize the cylinder and watch for if the cylinder holds pressure. If it does not hold pressure you start looking for where you are losing air (intake, exhaust, oil, coolant or around the head and block). Takes some patience and may need some type of indicator to see flow.
Generally this gives you more information on where to look. For example if you detect air movement from the oil pan, you know the cylinder has issues (head gasket, rings, crack in cylinder wall or hole in piston). You still have work to do but you have some solid info to follow.
Others like other test.
If you have oil in your coolant, we know more also also if you have milky looking oil it gives more info. Most likely but not only for either or both of these is a blown head gasket. There can be other causes however.