Yes its true; been for sale at least a couple of years now with no buyers. I have huge problems with "not making money" Deere has been boasting record profits, & if You ask someone what type of tractor they would rather have, Case-IH, or JD? Its my impression more people say Case-IH. I am a John Deere Man; BUT the best tractor I ever owned was a Case-IH 7220. In the 1st 2500 - 3000 hours I had spent only about $600 in repairs. I never came close to that with a Deere. Last year a JD 3055 (no real match but...) got a 20 year service! 27xx hours. Had a dozen little problems, & one major Hydraulic problem. Spent $5300. It was a cheaper tractor; but its hourly operating cost probably matches, or exceeds the cost of the 7220.
In a nutshell... I cant imagine them not making money. But as with most big corporations nowadays. Making $20,000 isn't acceptable; when the competition is making $21,000 off the same size tractor. I would be very happy making some money, & staying in business. But they would look at me as being stupid!
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
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