The key words here are earnings instead of losses. Of course this has an impact on stock prices and the ability to attract investors to keep the stock price up. Deere learned that diversity is the key to survival many decades ago when it got deep into financing, industrial lines, and consumer products. Deere can weather a down period for a while. I hate the consolidation on the dealer level but this no doubt allows them to better manage inventory and factory schedules. I hope I live long enough to see a time where big is not always better on the farm front and the equipment manufacturer front but I am not holding my breath on it. Some dealers are starting to note the consequences are big when a farm customer up and switches loyalties because the farms are so big when it comes to whole goods. I remember years ago some dealers preferred mid-sized farm customers and noted that there was safety in numbers. A neighborhood of 6 300 acre farms does not seriously impact business if one changes allegiances or sells out but one 1800 acre farm reduces things to an all or nothing situation for that neighborhood and that dealer territory.
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Today's Featured Article - Usin Your Implements: Bucket Loader - by Curtis Von Fange. Introduction: Dad was raised during the depression years of the thirties. As a kid he worked part time on a farm in Kansas doing many of the manual chores. Some of the more successful farmers of that day had a new time saving device called a tractor. It increased the farm productivity and, in general, made life easier because more work could be done with this 'mechanical beast'. My dad dreamed that some day he would have his own tractor with every implement he could get. When he rea
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