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Strategies & Market Trends : Buffettology
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To: Shane M who wrote (702)12/19/1998 2:45:00 AM
From: Crocodile  Read Replies (2) of 4691
 
shane,

I agree with what you have to say about John Deere. They tend to get a lot of "loyalty" from customers. In our region, there are quite a number of farms where practically every piece of equipment is John Deere. This is particularly the case amongst custom operators who tend to be purchasers of the really large equipment such as combines. Certainly, there are plenty of different tractors around, but the popularity of other makes seems to come and go.

BTW, I believe that farm tractor purchase figures are down significantly this year and I don't think the situation has begun to improve. When you consider how poor some of the farm commodity prices are at the moment, I don't think large farm machinery purchases will pick up for awhile. I believe I have seen a website where North American farm equipment purchase numbers are listed regularly. If I happen to come across it, I'll post the URL here.

Croc
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