IH had a lot of problems that predated the embargo but the embargo plus the recession of the early 1980's eliminated any chance of a turnaround. The heavy truck business depressed at the same time as agriculture severely impacting IH's income. As others have said consolidation was going to happen regardless due in part to farm size increasing. The popular idea before Case came along was that Ford would buy IH but I have my doubts if that was going to happen. Ford was not doing well during the early 1980's but yet bought New Holland although at a much smaller cost than IH. The other predicted hookup that did not happen was Allis Chalmers buying New Holland. A lot of people then predicted that Case would just eliminate agricultural equipment plus tractors and focus on the industrial end.
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Today's Featured Article - Talk of the Town: Winterizing Engines - To Drain or Not to Drain? - by Russ Berry. What is this strange attraction I have to equipment and machinery? How did I get this way? I came from the suburbs and own a small horse farm in rural Loudoun County, Virginia. You can call me a "weekend farmer." The local farmers do. Does it bother me? No. I am just happy to have their friendship. At least the word "farmer" is in my title. But what is the attraction? How can I explain the sensation and exhilaration I feel when I turn the key and hear the engine come to life (most
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