How high do you need to lift pallets of wood pellets? Tractor lift capacity fall off rapidly as lift height increases.
If you are new to tractors, do not buy the lightest tractor suitable for your task. Lifting heavy loads with the FEL is a primary cause of tractor rollovers.
You have not defined the weight of your pallets of wood pellets. To lift one ton (2,000 pound) pallets on a regular basis a tractor of 5,000 pounds bare weight is recommended.
When considering a tractor purchase, bare tractor weight first, tractor horsepower second, rear axle width/rear tire spread third, rear wheel ballast fourth. Ample tractor horsepower is needed for PTO-powered implements such as Bush Hogs and snow blowers, but remains subsidiary to tractor weight in defining tractor capability.