There was a bulletin addressing this recently. Contact your Kubota dealer and ask them to review PSB-2015-060. If your tractor is still in warranty, Kubota will take care of it.
When you pull out on the propeller shaft, you are pulling the shaft out of the seals. On the shaft itself, back in the clutch housing, there are a pair of collars that the seal rides against. If you can pull it an inch forward, chances are that one of the collars has slipped, and allowed oil to leak past. This is not an "easy" fix as the tractor must be split to gain access to the shaft, seals, and collars. The bulletin describes the new part numbers, the sequence of which they should be installed, and the the actual procedures involved. Also, when removing the propeller shaft to replace with new parts, be advised that on the back side of that shaft, back inside the transmission, is another splined collar which sometimes falls off. If it does, it can be a bear to fish it out of the transmission. 90% of the time it just falls straight down and is accessible by mechanic's claw and then it can be reinstalled. Sometimes it disappears.
The only thing that keeps the propeller shaft from moving forward is the wear collars, and then the front part of the shaft that goes inside the sleeve, which has a collar on each end with a roll pin. I knew of a guy who didn't want to spend the money on a new spline collar (the easy one to get to, at the front differential pinion shaft) but instead chose to remove the front propeller shaft from the tractor and just run it as a 2wd. Great plan that could save some money, but the rear (long, internal) propeller shaft was able to slide forward and of course then the oil all leaked out. Clutch housing got wet with hydraulic fluid, the the clutch wet, etc. Ended up being expensive.