John Deere, Farmers Feel Effects Of Trade War With China, Earnings Down

Hotair ^ | 05/19/2019 | Karen Townsend

[GOPJ]

There will be a global re-alignment in trade. We’re going back to Cold War trading blocs with China heading the eastern bloc instead of the old Soviet Union. We all better get used to it. As to the farmers & farm equipment manufacuturers... they’ll be some pain while the trade patterns re-arrange themselves.

You're right...

[Doc91678]

Maybe they should go back to manufacturing in India again. Mahindra will OEM for J.D. as they used to before J.D. thought it was more profitable in China.

[Rebelbase]

Lowes and Home Depot, etc. sell MTD mowers branded as John Deere, Cub Cadet, etc.

The real deal John Deere mowers of the same size are sold at the JD dealers and will set you back another $2000.

[SunkenCiv]

Partisan Media Shills update.

[nobamanomore]

It’s not tariffs, corn prices are down from $7.48 to $3.53 from 2010 to 2014. soybeans $14 in 2008, around $9 now, the same that they were in 2015. Last year was bad for yields in much of the midwest, along with low prices. Just for info there were no tariffs in 2014 or 2015, soybeans are the same price as 2015. I am the son of a cattleman, lived my whole life in farm country, while prices are dropping, cash rents for farm ground has increased and value of land has gone from an average of $2500 to $3500 an acre. You do the math.

When prices of grain were high, lots of locals talking about how the farmers would get rich, my reply was, no they’ll buy land and rent land at a higher price to insure that they make nothing

[Western Phil]

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

Its a little hard to tell (because of the government strike) where our beans are going, but I think Brazil is buying. My guess is that they are buying at a low price and the beans end up in China.

[okie 54]

A lot of gall considering John Deere manufactures all of their tractors in Frnace

[Western Phil]

“I grew up in a dyed in the wool Massey Ferguson family.”

You must be a youngster. I grew up on the Massey Harris 44 and Dad ran the Challenger. As far as I could tell and remember, Massey had them all beat as far as power and fuel economy was concerned.

[wally_bert]

Born in 71.

The MH era was before me.

I haven’t kept up with the inventory of Dad and uncle’s MF collection in a while. I doubt any Massey Harris ever showed up.