Like Bird said, there's plastic and then there's plastic. How many of the folks who don't like plastic drive Saturns? Or any of the crop of new SUV's with plastic panels? Chevy Avalanche? None of these degrade in Florida sun as far as I can see. The plastic that degrades in Florida tends to be of the milk bottle variety.
Some of the NH TC models have plastic. I was disappointed that my TC18 is mostly steel. I scratched the hood the first time I tried to lift something with a chain on the FEL and it swung into the hood, and it rusted until the dealer was kind enough to spot it in (free) at the 50 hour service. Then, I carelessly ground some welds near it, forgetting it was steel, and there are some pits coming up. I'm going to have to sand and completely repaint the hood soon, and it's only 2 months old.
I've lived in Florida for the past 31 years, and by far prefer plastic. Plastic drums and garbage cans hold up; metal ones fall apart. Plastic Rubbermade sheds hold up; metal ones rust apart. There are hundreds of examples. Plastic depends on the composition; metal depends on paint.
All that said, if someone came out with an aluminum-bodied tractor, I'd be first in line.