This morning on AG Day they said John Deere's sales of over 100 hp tractors were up last month 12% over a year ago. Total sales were up on 4X4 and large tractors were up over 20% on the year. I don't think they are hurt'n. Read some where last week the only down side for them is with the credit crunch they could not offer the real great finace'n they have been doing for the last few years. They still had alot of iron going out the door, it was just get'n paid for in cash or folks were find'n better deals on money from FCS or local main street banks insted of the the big banks JD was use'n for their finace'n. From the sound of the artical you posted, they were just take'n the cheap money so they could offer better finace'n to keep up with local banks and FCS.
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Today's Featured Article - The Revival of a John Deere Combine - by The Red, John Fritz. For several years I had been driving by a farm house on the west side of Indianapolis that had a John Deere combine parked in high weeds in a lot behind the house. The gentleman no longer farmed because the entire area was developed with housing and light industry. I had stopped several times and knocked on the door but no one would answer. My curiosity was up and I wanted to contact the owner. I wanted to see what he planned to do with the combine.
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