The record was set by a modified JCB Fastrac tractor, the JCB 8000-series.
The unmodified tractor has a top speed of 43 mph, making it the world's fastest production tractor, according to JCB.
Fastrac Two almost tripled its unmodified cousin, reaching 135.91 mph.
The record-breaking number is an average of two high-speed runs.
next slide will load in 15 secondsSkip AdSkip AdThe JCB team was originally aiming for 150 mph. The tractor hit 153.77 while "on its way to establishing the record," according to JCB. However, the speed record sanctioned by Guinness World Records is still 135.91.
The tractor has a 7.2-liter six-cylinder engine.
It has 1,016 horsepower and of over 1,844 feet-pound of torque
The tractor achieves 5 miles-per-gallon, and the record-setting run was done with a 5.2-gallon fuel tank.
The engine can run on vegetable oil, but high-performance racing diesel was used for the run.
next slide will load in 15 secondsSkip AdSkip Ad"The biggest challenges have included aerodynamics, reducing weight and improving performance," Tim Burnhope, head of innovation at JCB, said in a statement.
"Getting a five-tonne (11,000 lb) tractor to safely reach 150 mph, and stop again, is not an easy task, but we're all so proud to have not only reached these goals but to have exceeded them," Burnhope continued.
British motorsports personality Guy Martin was behind the wheel for both Fastrac records.
"Just look at it, they get stuff done, it's brilliant, and it is still a working tractor, so could have gone straight into the nearest field to put in a shift," Martin said in a prepared statement.