Which category does a tractor used for farming operations fall into?

A tractor used for farming operations is classified as "Equipment" because it is a type of tangible personal property that is utilized in a business setting. The primary purpose of equipment in secured transactions is to assist in the production or operation of a business, which aligns perfectly with the role of a tractor in farming. Equipment typically refers to assets that are used in the production of goods or services and are not intended for sale as part of the business's inventory.

While tractors could be connected to other categories like "Farm products" when considering the produce they help cultivate, they do not fall under consumer goods, which are typically meant for personal use. Similarly, inventory would refer to goods that are held for sale in the normal course of business operations, which distinguishes them from equipment that is necessary for operation but not directly sold as part of the product line. Therefore, classifying a farming tractor as equipment accurately captures its function and usage within agricultural operations.