Grrrrrrrr! That is the sound of money I think. What does this mean? If in fact it is the clutch then what has to be done?
If the clutch is slipping, it's likely to require replacement, which involves splitting the tractor. I've done a couple, and don't recommend it unless you have some solid mechanical skills--getting the spline matched up, so as not to crush your new clutch, can be dicey.
Short of that, though, it may be possible to adjust the clutch--you should have an adjustable linkage rod underneath the clutch pedal. Caution--they're linked differently on different models. Adjustment on my M7500 is backward of adjustment on my L2550.
Then there's one odd little possibility to check out. This happened on my L2550. The clutch pedal and the brake pedal both pivot on the same shaft under the operator's platform. The shaft itself is free to spin in its housing. What happened in my case was that the clutch appeared to be failing, in the sense that against very little resistance, the tractor would just stop moving. Bad, bad news--I'd just replaced it--until I noticed that when I pushed on the brake pedal, the clutch pedal would move, and vice-versa. Turned out the zerk fitting had been broken off on the brake side under some previous owner, I hadn't bothered to grease the zerk on the clutch side, and both pedals' sleeves were rusted to the shaft--so when I let the clutch out, it would only travel until the brake pedal's travel limit stopped it. Some penetrating oil, a little work freeing both pedals on the shaft, a little grease in both sides, and we were off and running.
Worth checking out, as opposed to splitting your tractor.