As stated on the ASABE website:

Providing students professional experience, education and fun - ASABE, the Society for Engineering in Agriculture, Food and Biological Systems, is interested in doing just that. ASABE organized an International Student Design Competition based upon the concept of designing a 1/4 Scale Tractor.

The design competition is arranged to be both educational and fun for the students. There will be five main judging categories: a Written Design Report, a Team Presentation, Individual Design Judging, Maneurvability and a Performance Competition. The performance competition, the highlight of the event, is comprised of a multi-stage tractor pull using a progressive sled.