In comparison to the nations such as USA, Brazil, and China where the rates of agricultural mechanization are 95 percent, 75 percent, and 57 percent, respectively, India's rate of farm mechanization is comparably quite low (4–45 percent). Although, the efforts are being made to enhance the adoption of farm mechanization in India, but still the adoption is far away from an ideal level. It is a proven fact that farmers can gain from the introduction of a range of agricultural equipment. However, there are many factors that differentiate between use, adoption and possession of farm machinery. This paper studied the factors affecting the possession of light and heavy farm machinery in Jammu and Kashmir, India. Multistage random sampling technique was used to select 900 respondents from three zones; sub-tropical, intermediate and temperate of Jammu and Kashmir. The binary logistic regression model was applied to find out the factors affecting the possession of farm machinery. The probability of possessing light machinery is positively affected by factors such as livestock possession, unirrigated land holding, off farm source of income, and government employment, whereas the likelihood of possessing heavy farm machinery is positively affected by plain topography, family income, land holding, off farm income and self-employment. The innovative small farm tools alongwith light machinery need to be promoted in Jammu and Kashmir. The use of heavy machinery can be promoted through Custom Hiring Centres.