It was about 5-6 years late. Had the 50 and 30 series have been introduced instead of the 86 series IH wouldn't have started the 1980s in such a hole. Competition from JD, Case and even Ford had left their 4+2 + TA transmission in the dust.
IH could have made the strike work for them. They had a fairly large inventory when it started and it slowly burned off as the strike went on. When it was over they were in a great position to start the recession, but they did the exact opposite of what they should have done. Instead of maintaining their low inventories they ran balls to wall production sinking massive amounts of money into expensive equipment that sat unsold on dealers lots - some times for years. The massive carrying cost of that inventory (money borrowed at 20% to finance euipment that lost value as it sat on the dealers lot) is what broke them.
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Today's Featured Article - Choosin, Mounting and Using a Bush Hog Type Mower - by Francis Robinson. Looking around at my new neighbors, most of whom are city raised and have recently acquired their first mini-farms of five to fifteen acres and also from reading questions ask at various discussion sites on the web it is frighteningly apparent that a great many guys (and a few gals) are learning by trial and error and mostly error how to use a very dangerous piece of farm equipment. It is also very apparent that these folks are getting a lot of very poor and often very dangerous advice fro
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