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John Deere, Farmers Feel Effects Of Trade War With China, Earnings Down
Hotair ^ | 05/19/2019 | Karen Townsend

Posted on 05/19/2019 5:25:21 AM PDT by SeekAndFind

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1 posted on 05/19/2019 5:25:21 AM PDT by SeekAndFind
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To: SeekAndFind
Deere stocks have declined 2% and nearly 1% in the past twelve months.

Sounds like a very insignificant drop.....

2 posted on 05/19/2019 5:28:08 AM PDT by Hot Tabasco (uizzzp)
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To: Hot Tabasco

And just maybe competition is involved.......


3 posted on 05/19/2019 5:28:43 AM PDT by Hot Tabasco (uizzzp)
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To: SeekAndFind
So the prices we pay at the grocery store will drop?

There's no other nation for the farmers to sell to instead of China?

Should we be feeding China, who is bent on crushing us?

4 posted on 05/19/2019 5:28:54 AM PDT by jeffc (The U.S. media are our enemy)
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To: SeekAndFind

War is hell. It is going to have an impact. It doesn’t mean we just surrender.


5 posted on 05/19/2019 5:29:06 AM PDT by cuban leaf
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To: Hot Tabasco

Nothing whines like a deere.

I grew up in a dyed in the wool Massey Ferguson family. Dad and uncle still have a lot of them.


6 posted on 05/19/2019 5:30:42 AM PDT by wally_bert (Disc jockeys are as interchangeable as spark plugs.)
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To: SeekAndFind

Farmers are feeling rising frustration as the trade war drags on...


“Drags on”?! It’s barely started. If it’s still going in 2024 I’ll say it’s dragging on.


7 posted on 05/19/2019 5:31:21 AM PDT by cuban leaf
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To: SeekAndFind

I wonder where China gets its soy from these days.


8 posted on 05/19/2019 5:31:55 AM PDT by cuban leaf
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To: wally_bert

I have a John Deere 1010 that I use to grade my driveway and sometimes bushhog. But I cut my 7 acre lawn with a Bad Boy mower, made in USA.


9 posted on 05/19/2019 5:32:58 AM PDT by cuban leaf
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To: cuban leaf

Old biases are hard to kill off sometimes.

Where I grew up, the neighbor had a Deere and there was a lot of friendly competition in the tractor game about what was better.


10 posted on 05/19/2019 5:35:33 AM PDT by wally_bert (Disc jockeys are as interchangeable as spark plugs.)
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To: SeekAndFind

POTUS just upped the tariffs 25% on the PRC last week and pledged a substantial portion would be used to buy from American farmers.

Give it a little time.


11 posted on 05/19/2019 5:36:46 AM PDT by Hostage (Article V)
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To: cuban leaf

RE: I wonder where China gets its soy from these days.

They produce their own Soy. And then there’s Brazil, Argentina and other South American countries.


12 posted on 05/19/2019 5:42:43 AM PDT by SeekAndFind (look at Michigan, it will)
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To: wally_bert

Mine’s a 1960’ish one that runs fine, but the dual hydraulics leak like a sieve - but it’s too expensive to have fixed. So they are just physically locked so it will work.


13 posted on 05/19/2019 5:45:01 AM PDT by cuban leaf
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To: SeekAndFind

Interesting that they used a picture of riding mowers rather than a million dollar gps guided monster which is what soybean farmers would be using.

John Deere makes more products for the homeowner than the farmer these days so I don’t see how JD’s sales numbers can be a bellwether anymore.

Are their riding mowers made in the USA?


14 posted on 05/19/2019 5:45:08 AM PDT by Pollard (If you don't understand what I typed, you haven't read the classics.)
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To: cuban leaf
10 Countries With Largest Soybean Production
15 posted on 05/19/2019 5:45:42 AM PDT by csvset (illegitimi non carborundum)
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To: SeekAndFind

I wanted to make an “in before farmer bashing starts, post” but that could never happen unless I posted the thread myself.


16 posted on 05/19/2019 6:03:36 AM PDT by tiki
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To: csvset

So, this might be a shot in the arm for Brazil.


17 posted on 05/19/2019 6:04:10 AM PDT by cuban leaf
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To: cuban leaf

Yep - and President Trump said there would be areas of pain....one of the reasons we never get anything done is because the Congress always decides it wouldn’t be “fair” to do anything that causes anyone the least bit of inconvenience...while passing laws that constantly cause more pain on earners and making life easier on the leeches.
President Trump knows that to make proper progress, some of those who have been taking advantage of the taxpayer “largess” will have to do without so much luxurious ‘free” stuff and that certain sectors will have some temporary pain until the dust settles.


18 posted on 05/19/2019 6:07:11 AM PDT by trebb (Don't howl about illegal leeches while not donating to FR - it's hypocritical.)
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To: Pollard

“Are their riding mowers made in the USA?”

Those are made by MTD which makes most of the small garden tractors in this country. Intermediate sizes are American, German, or Japanese. The big stuff is almost all made in Moline Illinois, about 30 miles north of here. Deere is one of the major religions in this area. It’s a lifestyle thing like Harleys right down to tattoos.


19 posted on 05/19/2019 6:15:34 AM PDT by CrazyIvan (A gentleman arms himself for the protection of others.)
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To: wally_bert

“Nothing whines like a deere.”

~~~~~~~~~~~~~~~~~~~~~~~~~~~~
OK. I’m stealing that line. I’ve read recently that in the last few years some old-time green paint lovers are looking at and getting something other than Deere. Yes...there are other VERY good alternatives out there that are in some respects better and not priced as high. I’ve heard some of the “take-it-or-leave it” attitude that some Deere dealers give off have also sent patrons jumping the fence. A good friend of mine went from nearly all green to CaseIH because of that, and he also gets really good repair support from the red dealer that wasn’t there with the JD dealer.

So...a part of the Deere downturn is maybe folks realizing Deere ain’t all that and are heading elsewhere.

Speaking of red paint: am in an International Farmall collector and user family. But when I retire, I’m fixin’ my sights on the other red. Gonna be getting a Massey-Ferguson of some sort. My brothers think I’m a traitor, but before they ever came around I put a lot of seat time on Dad’s MF 202 Work bull and the neighbor’s MF 35 Diesel Deluxe. Good times.


20 posted on 05/19/2019 6:19:14 AM PDT by EMI_Guy ("You have to slow down to go fast." - Kenny Roberts)
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