I just saw this thread.
The methods listed by chat (i.e. ridge tillers, bed shapers, hillers, rollers/packers) are not used by any commercial orchards I know of for orchard trees. The problem is that just about all those methods are for ridging the soil, not building terraces. Ridging is generally used for row crops, or crops with raised beds, not planting trees, unless they are nursery trees. Nurseries use ridging equipment. I have a friend who uses a bed shaper to make beds with his strawberries. It also lays the plastic down at the same time.
There are a few exceptions. There are probably some commercial orchards which use hillers/bed shapers for high density apple plantings. I’ve not seen them, but I’m guessing they could use them for that. Those trees are so small they are grown more or less like row crops.
Another exception would be a disc plow. My wife has a cousin who owns a commercial peach orchard. He used a disc plow to create terraces. The problem is that it’s really not made to create big terraces, without a lot of work. It’s an old tool farmers used. It works well enough to create a 2’ tall terrace.
The other plow mentioned, a moldboard plow, is just a basic Midwest plow. John Deere invented it around 1837. It is termed, “the plow which broke the plains”. Previously, plows were not self-cleaning, and gummed up in heavy Midwest soils. Mr. Deere was a blacksmith and invented a plow which could be effectively used in Midwest plains (the moldboard plow).
I have one of John Deere’s quotes on my website, “I will never put my name on a product which does not have in it, the best that is in me.”
There are other plows, like a chisel plow, and a subsoiler/ripper (which is basically a longer thicker chisel plow). But a moldboard plow is the one which turns the soil over.
By repeatedly going the same direction on one side of where you want your terrace, then going the other direction on the other side of where you want your terrace, you can effectively build a terrace that way with a moldboard plow. Farmers used to build terraces that way.
There is better equipment now. I used a blade (i.e. motor grader) to build mine. They do more than a plow would do. Do it better and faster. The first one I bought, then sold it after I built the terraces. I’ve posted this pic before, but here it is after I used it to build some terraces.
The next time I needed one, I rented it. It was much nicer because it articulated, and had a ripper on the back to loosen the soil before terracing. It also had forward assist (i.e. 6 wheel drive) so it could do more work.
I’ve also already posted a couple short videos of building terraces with it on the forum. I rented it for 80 hrs. The rent was $9K. Here they are: