Remove the spark plug wires on the tractor by hand and then use a spark plug wrench to remove them. Replace them with new ones if they appear dirty or corroded. Tighten them with the spark plug wrench and then replace the spark plug wires.
Remove the wing nut holding the air filter cover in place and then lift the cover off. Put a new air filter in if the old filter is dirty.
Locate the fuel line attached to the carburetor. Trace the Ferguson's fuel line with your fingers backward, moving toward the gas tank until you locate the fuel filter. Use a wrench to remove the fuel filter. Replace it if it is dirty. Clogged fuel filters will definitely decrease RPMs.
Inspect the tachometer itself and tighten the tachometer cables with an adjustable wrench if they are loose.