So the top of the bushing is where the wear occurs and I suspect the oil level is half way up the bushing requiring the oil to literally splash into the wear area when the tractor is running. Poor design I would think. Thin lubricant (hydraulic oil being anywhere from 10 to 30 weight) has poor ability to "hang" on a surface.
If you run on primarily level ground, I would assume no oil gets to the actual wear point.
I would agree with Carl_NH above, I would throw all three parts (front hanger as well) in my truck and head to a reputable machine shop for hopefully a cure.