With the age of the machine and # of hours on the clock, and seasonal use vs, everyday use, it's entirely possible that something has dried out, like a head gasket, radiator cap seal, etc.
I'd start by checking the obvious things; clogged screen and or radiator fins clogged. I don't know your specific tractor model, but it should have a fan belt and water pump. Check under the water pump to see if there is any evidence of coolant leaking out the weep hole and down the front of the engine. If there is a leak, it will usually be evident by being cleaner than the rest of the engine. Also check the fan belt for cracks, glazing of the contact sides, and tightness; 1/4 to 1/2" deflection between the top of the water pump and the alternator is sufficient.
Next, open the radiator cap, NOT the overflow tank cap, (assuming there is a cap on the actual radiator), and start the machine and let it run. What you're looking for is flow of coolant past the radiator neck, withOUT the coolant rising to the point of overflowing out the radiator's neck/opening. Let it run for some time and see what is happening at the neck. Do you see fairly rapid flow of coolant by the neck or is it not flowing at all, or very slowly. Over time does the coolant level rise and eventually overflow at the neck along with excessive bubbling of the coolant?
If there is low flow even with a helper slowly increasing the rpm's of the engine once it's reached near operating temp, one could suspect a faulty thermostat, or clogged or worn out radiator core. If you're seeing bubbling of coolant and overflow at the filler neck more likely a head gasket failure. If low to no flow of coolant, a water pump or clogged radiator.
Again based on age, a poorly functioning radiator could be a likely cause. Before doing anything else, report back your findings, and any questions.
As we move forward, you can if indicated, take your radiator to be checked and either flushed or recore it IF you have an all metal radiator. If it has plastic headers, it's toast- it cannot be repaired/recored.
Post back results....