I resolved this issue. The implement fall rate control knob was locked up. I do not know how it got to where it was all the way off. I never change it, and the tractor was operating as normal before the problem developed.
Anyway as many have advised, I sprayed the knob shaft with PB blaster and waited overnight. Then I sprayed it again and was able to turn the shaft with vice grips. The knob was stripped or turning on the shaft but the shaft did not turn. Now I am in fully operational status. Thanks for all help and advice.