Industrial H or M

Yes, but the rear wheels, etc are different and not many were built. The yellow paint you see is more likely a repaint, or it was ordered that way.
 
prolly looked something like this

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(quoted from post at 13:40:10 04/03/14) I think it is just a repaint, I took a closer look and found red underneath.

My 1940 M was previously owned by the county secondary roads department. It had about 15 layers of yellow paint on it. Under the yellow was a layer of highway orange, and under all of that was the original Farmall RED, complete with the original decals.
 

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