I am always fascinated looking at a chassis as old as this and imagining what history it may have seen in its working life. I like to look for clues also which may tell a little about that past.
The spockets for instance show very little wear indicating that they were probably replaced late in the Fiats working life.
The engine mounts tell a different story.
The one intact mount remaining is badly worn down due to movement of the engine mounts and vibration from the motor
The other front mount has broken out
The rear engine mounts are completely broken away
Just going by this series of pictures the chassis had a long working life,probably coming to end when the engine catastrophically separated from the chassis due to neglect and wear of the engine mounts. After that it may have been cast aside and its running gear stripped out for use in other vehicles. It may have never been a hay trailer as it still has a few parts left where the small differential sprockets were.