JD Seller would have to speak up as to the details but Titan is a multi-state operation as opposed to a two or three individual location dealer. If it were just a two or three location dealer of course people could just find their way to another CIH outlet without corporate sweating it much. Floor planning is not that big a part of a dealer's operation unlike a generation ago. At least here in the East dealers speak in terms of corporate prefers that nearly all machine inventory be pre-sold. So if the machinery has been delivered to the customer, the money collected or finance contract in place and there is still a billion dollars or more outstanding then there is a serious problem. That money may have been diverted to fulfill an expansion plan on the part of the dealer or it may have been embezzled. Again, the Midwest guys can tell us more about this but this situation is far from ordinary for a dealer failure.
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Today's Featured Article - A Lifetime of Farm Machinery - by Joe Michaels. I am a mechanical engineer by profession, specializing in powerplant work. I worked as a machinist and engine erector, with time spent overseas. I have always had a love for machinery, and an appreciation for farming and farm machinery. I was born and raised in Brooklyn, New York. Not a place one would associate with farms or farm machinery. I credit my parents for instilling a lot of good values, a respect for learning, a knowledge of various skills and a little knowledge of farming in me, amo
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