William TO-35 is correct on this procedure. You can scotch the tires or block up the axles either one. You will need the transmission in neutral as you will be turning the motor over several times, so that is why you scotch or block.
Once you get ready to separate the front end you are looking at 4 bolts going into the oil pan and then two nuts (one on each side) that lock onto studs coming from the frontend section that you are going to roll out of the way. You can attach a standard engine hoist (cherry picker) to the front section to balance it and roll the front away away several feet. I like to give myself enough room to walk between the two as you will be bouncing from side to side. Oil pan will have 4 bolts going into the bell housing that will have to come out. The rest are facing up into the engine block. If that pan has never been off the motor before and it still has the original sealant from the factory you may have to take a BIG punch or bar to break the seal.
I have seen motors do this many times before. Somewhere along the way, rain water got into the pipe and seized or glazed the rings. Put a fresh set of rings in it and some rod bearings and put it back together. You will need to find yourself a hone but not the ones with the long rectangle stones on it as it will be to agressive. I recommend getting one with the small balls on the end of the wires and just giving it a slight clean up of any rust and gunk that you are going to find. A good 1/2" power drill will be good enough to do this. If you cant see any of the hone marked left over, you might and mean cautiously might hit it with a set of stones for a brief second just to put some of the cross hatching hone marks back in it for the rings to make good compression.
If you bought implements to go with this, I figure you plan on using it. Therefore, do the right thing and freshen this tractor up and get many many more good years out of it.
Yes I definitely want to use it
But the size of the project is rather daunting, before I started the research I was hoping that the cylinder block can be separated from the rest of the engine like a lot of gas car engines I've seen.
I wonder how much money I can get by selling the tractor in this condition and trying to buy one with less issues