The 1987 Holly Farms 400 was the 25th stock car race of the 1987 NASCAR Winston Cup Series season and the 38th iteration of the event. The race was held on Sunday, October 4, 1987, before an audience of 32,500 in North Wilkesboro, North Carolina at the North Wilkesboro Speedway, a 0.625 miles (1.006 km) oval short track. The race took the scheduled 400 laps to complete.

Junior Johnson & Associates was a NASCAR team that ran in the Winston Cup Series from 1953 to 1995. The team was run by former driver Junior Johnson and was best known for fielding cars for legendary talents such as Cale Yarborough, Darrell Waltrip, Neil Bonnett, Terry Labonte, Bill Elliott, Geoffrey Bodine, and Sterling Marlin.