Xmariner:
If it is a head gasket that is allowing coolant to leak into a cylinder, and if the leakage is enough to produce constant white smoke, you should notice a substantial coolant loss in an hour or two of operation, and perhaps even less time.
In addition, if you have a bad head gasket in most cases when you stop the engine, so there is no combustion pressure to keep the water out of the cylinder, the pressure in the radiatior will force quite a bit of water into the cylinder. When the engine is first started there will be very heavy white smoke for a few seconds as the accumulated water is vaporized.
Try this. Loosen the radiator cap the first notch so that the cooling system does not build up pressure. Then run the engine for a few minutes. If it smokes less that will be a sign of a bad head gasket.
Another test: stop the tractor with the front end up hill, preferably a steep one. Run the engine with the radiator cap off and observe the water in the upper radiator tank. If it has bubbles or seems to be boiling that is also a strong sign of a bad head gasket.
Ken Sweet is correct; the combustion gases seeping by a bad head gasket will ultimately erode the surface of the block and/or head. I confess to having run a John Deere crawler with a small leak for a couple hundred hours without damaging anything, but it was not worked very hard and the leak was very small.
I am not familiar with your engine, but I assume it is not of wet cylinder sleeve design. That opens up another set of possibilities: perforated sleeves due to cavitation or corrosion, etc.
I am also assuming no cracked or warped block or head due to overheating.