Does this only apply to parts and service or does it apply to all new and used equipment sales too? If you are concerned about working with John Deere's financing, it might cost less to expand your revolving credit line with your local bank, or have your sons deal with Deere.
With declining farm prices, declining farm income and potentially rising interest rates, this is really is a prudent move for Deere. Loosing five figure annual parts sales isn't going to scare any dealership, especially if they don't have to carry hundreds or thousands of accounts on their books anymore and don't have to chase after collecting delinquent payments. On the eastern side of the Iowa does one acre of good ground still cost five figures?
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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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