The same laws about price fixing do apply to JD. Here is an example: If there are four car dealerships in the same chain they can not share your price quote between all four car dealerships. They are bared by law from doing so. Yet JD requires its dealerships use a program called quick Quote. So in my area the dealership group owns 10 stores. If I get a quote at any one of the stores that same quote is shared with all 10 stores. So you will not get a different price or trade difference form any other dealership in the group besides the first one you receive. I do believe that is price fixing. If it is illegal between car dealerships then it should be illegal between farm equipment dealerships too.
Also what about the dealerships that are owned by independent owners, should it be legal for JD to tell them who they can sell their PRIVATE business to??? JD makes the dealership about worthless on the open market in that you can not sell it to another person without JD blessing. That blessing is limited to dealership groups now. I know this for a FACT. One local dealership was up for sale, three others and I banded together to buy the store to keep it locally owned. Our financial solidness was way better than any requirement JD had for a dealership owner but JD limited the renewal contract to the existing dealer group only. Meaning they would NOT give our buying group a franchise contract if we bought the store. That should be illegal.
It is OK for the company to clearly spell out the minimum requirements financially for a dealership owner. That should be the limit of what they can do.
Another little trick they did was changing the dealership contracts. About 10-12 years ago JD came out with a "new" dealership contract. This new contract had all kinds of market share requirements tied with volume discounts and such. It was as totally different form the contracts that dealers signed years ago. The original contracts did not have an expiration date on them but JD strong armed all the dealerships into signing them by denying any sales programs to dealerships that did not sign the new contract. Those sales programs are often discounts of 7-10% of dealer cost. So it blackmail the dealers into signing the new contract.
I read where JD is telling the dealers in New Hampshire that they will not be able to have those same sales programs if the new law is upheld.
The anti trust laws should be enforced!!! If the current ones do not protect the average citizen then change them to where they do. Having 2-3 national meat packers should be illegal under anti trust laws. Any company having more than a 25% or so of any market should be illegal too. This would be Walmart and JD. There should be limits on market share from companies with foreign ownership. Banks should not be able to own insurance companies. Chemical companies should not be able to own seed companies. Look at how few companies own the majority of the seed sold in this country.
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Today's Featured Article - History of the Nuffield Tractor - by Anthony West. The Nuffield tractor story started in early 1945. The British government still reeling from the effects of the war on the economy, approached the Nuffield organization to see if they would design and build an "ALL NEW" British built wheeled tractor, suitable for both British and world farming.
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