Deere announces layoffs

I went to a local dealer today, and decided to get a set of hillers for my tool bar. It"s about time I got serious about gardening. I put some red potatoes in today, and will finish tomorrow after work. News like Deere laying off is a clear indicator you are right. It really shocked me because I fooled myself into thinking that some companies were going to be immune to this downturn, like Deere, and some other ag companies. But that announcement was a wake up call. Lord help us.
 
planting potatoes !! you must be a couple thousand miles south of me,I would have to shovel 2 feet of the white stuff and put heat tape in the 4 feet of frost in the ground to make something grow here.you will be eating yours before I get mine in the ground.
 
So far south the land turns to water, and the hurricanes show up here first. Alabama Gulf Coast. Hopefully the reds will turn out this year. Last year my yield was really depressed.
 
Back in 1979, I went to work at the W. R. Grace granular fertilizer plant in New Albany, IN. I'd just been married a year, and I figured that if the economy went bad, farmers would still have to have fertilizer to ensure decent yields.

Faulty logic there. 1979 thru 1982 were probably the worst years for farming in my lifetime. Those were the years that saw once-great International Harvester dismembered,and family farms auctioned away by the hundreds. I was laid off more than I was working. And today there's a WAL-MART where the Grace plant used to stand.

So don't look for folks like Deere and Cat to be unaffected. I learned that the hard way.
 
If you would actually go to a few dealers and get prices you will find out JD is actually the same or even less money then the competitors. At least with the compact tractors I have priced out.
 
ALL new combines and tractors are over-priced these days,... just like all new cars and pickups.

I haven't bought a new pickup, or tractor, in years.
 
I think if we don't get concerned enough to do something about the power hungry, greedy, idiots in Washington, we are all doomed. The problem that we have now was created because intelligent people have had their heads in the sand. Intelligent people have been working, taking care of their family and neighbors, and paying their mortgages. While the idiots have been gaining control. There are a lot of intelligent people not aware that the clowns that got us in this situation are still in control. Socialism got us here and more of it will not get us out.
 
If you look at Deere's website, 3/4 quarters of it is dedicated to construction/ forestry, grounds care (golf equipment) and hobby farmer iron. That is why they are laying off. No one is building, logging and the ones that are unemployed can't afford green fees to golf. Same at CNH, they are down 47% in their consruction equipment sales. Pretty tough when agriculture floats the ship. People gotta eat. Good times at Agco, they only sell farm equipment.
 
I went with a friend who bought a 40HP tractor about 1 year ago,he bought an AGCO after an exhaustive search.The Deere was about 5,000 more for a comparable machine and the AGCO was a better tractor in my and his opionion
 
Taters go in mid-Feb at my place in west central AR.

Got worried last summer when oil-boom hands were complaing that they couldn't get by on less than 60 hrs a week, but were buying new Harleys.

Had a great crop of fall taters, black-eye and cream peas, turnips. Now if I can still bag a rabbit with a .22...........
 
Taters go in mid-Feb at my place in west central AR.
Got worried last summer when oil-boom hands were complaing that they couldn't get by on less than 60 hrs a week, but were buying new Harleys.

Had a great crop of fall taters, black-eye and cream peas, turnips. Now if I can still bag a rabbit with a .22...........
 
Taters go in mid-Feb at my place in west central AR.
Got worried last summer when oil-boom hands were complaing that they couldn't get by on less than 60 hrs a week, but were buying new Harleys.

Had a great crop of fall taters, black-eye and cream peas, turnips. Now if I can still bag a rabbit with a .22...........
 
Back in the late '60's and early '70's, I worked for a newspaper for seven years, the last three as General Manager.

The publisher always said no matter how bad things get, people will still buy newspapers to read the bad news.
 
There isn't much comparison.

Deere is laying off 692 people. 190 of them at the forest and construction plant in Iowa. And the other 502 are in Brazil at a harvester plant. That is out of something like 44,000 total employees or 1.5%.

Caterpillar is laying off 20,000 out of 175,000 employees, which is 17.6%.
 
In those days, that was certainly the case. But now we have the internet, and my newspaper editor son says 10, maybe 15 years tops, print newpapers will go the way of the slide rule and the typewriter. Kids just aren't growing up reading the paper, they're getting whatever news they get on line.
 
Peter,

Your point is quite valid, that there is a huge difference in scale with these 2 layoffs. But the math isn't quite right.

If your figures are correct about the total # of employees, then the Cat layoff of 20,000 jobs out of 175,000 employees is 11.4% reduction of staff, not 17%.

Bottom line is that this is still a huge problem for 20,000 families, 20,000 mortgages, 20,000 health care family needs, and on and on. Headline in the Mpls Star-Trib this morning announced 55,000 jobs lost JUST YESTERDAY by big companies. That will be multiplied many times by the losses in smaller job shops, suppliers of raw materials the big companies used to produce product, independent contractors who supported the needs of the big companies, and by the merchants on main street who sold the goods and services to the now huge number of unemployed people. But, of course the people affected still have needs for housing, heating, food, medical care, etc.

We are in for big time hurt. Dayum, I shudda turned off the TV news last year, and cancelled the newspaper, and went to my optician to buy a pair of rose colored bifocals. Then all these people would still be working and there would be no pain. And 3 SILs and 1 BIL would all have their jobs back. Ya shure!!

Paul in MN
 
It is bad for everyone, Even Harley is doing layoffs and closing plants. American steel heritage is hurting.
 
Deere is a worldwide company and has been since the 1950s.

The harvesters made in Brazil are sold in South America. The harvesters sold in the United States are made in Illinois.
 
Here in Youngstown area, GM will be down to ONE shift at the Lordstown plant. They did have 3 till a month ago, and the Cobalt is made there. Cat was looking good at the beginning of the year, and they're most likely buttoning down to get through these lean times.
 

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