One of the best explanations, I have seen from Joshbardewell:
Think of it this way.
Assume that your tractor is 50/50 weight distribution between the front and rear axles. If you were to put the tractor's front wheels and rear wheels on separate scales, both scales would read the same--half of the tractor's weight.
Now, put some weight on the dead-center of the tractor. Both scales go up by the same amount--half of whatever you just put on the tractor.
Put some weight dead on top of the front axle. Only the front scale goes up. Rear scale remains the same.
Put some weight dead on top of the rear axle. Only the rear scale goes up. Front scale remains the same.
Now, put some weight in the loader bucket. Because that is hanging out over the front axle, it is going to create a lever arm. The weight on the front axle is going to go up, and the weight on the rear axle is going to go down. If you put enough weight in the bucket, the rear axle will eventually go up in the air, right? At that point, 100% of the tractor's weight is on the front axle, and 0% of the tractor's weight is on the rear axle.
So, you can see that the more weight you put in the bucket, the more of the tractor's weight is on the front axle, and the less weight is on the rear axle, up to the point where the rear axle leaves the ground.
Same thing is true of the 3ph. Because it is hanging out behind the rear axle, the more weight you put on it, the more weight is transferred to the rear axle, and the less weight is on the front axle. Let's say you had 500 lbs of dirt in the bucket. Not only is that putting 500 lbs of weight on the front axle, but because it is tipping the tractor's weight to the front, it is also putting more of the tractor's own weight on the front axle than would be if the bucket was empty. If you continue to add weight to the 3ph, eventually, even with 500 lbs of weight in the bucket, the tractor's front axle is going to go up in the air. At that point, all of the weight is on the rear axle. Obviously, you don't want to go that far. You want to leave enough weight on the front axle to provide traction and steering, but you want to take enough weight off the axle that the bucket's load is not being entirely applied to the front axle.
By joshbardwell