No. It MIGHT be able to do it, but you'd regret it. Add the weight of the two horses, along with the weight of the trailer alone, and you're looking at close to 2 tons. The brakes on your Ford Ranger were not designed to stop with that much weight pushing against them and (more importantly) your transmission wasnt designed to pull that kind of weight. Also, if your hitch ball is on your bumper, the two horse trailer could easily rip it right off. Even if your hitch were welded beneath the bumper onto the frame, a 2 horse trailer would likely exceed the weight limit for your truck's suspension. I just think it's WAY too risky. Consider, instead, a 1-horse trailer with double axles. Aside from being 1/2 the weight to pull and stop, a double axle single-horse trailer would put a LOT less weight on your hitch. These trailers are a bit tough to find, but it would be worth the effort. Your Ford Ranger truck is considered a "light duty" truck, and just wasnt built to handle a 2 horse trailer.