Answer: The Massey Ferguson 240 tractor is powered by a 41 horsepower Perkins 3 cylinder engine. This engine is liquid cooled and has a displacement of 3.152 Liters. It also has a 4.5 Liter fuel tank capacity and uses a 12 volt electrical system. The Massey Ferguson 240 is equipped with a manual transmission and has a top speed of around 28 mph. The 24 horsepower PTO is independent of the engine and works in conjunction with a 540 RPM rear lift system.