In the wake of layoffs at John Deere, economics expert weighs in on state of agri-business

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  • เผยแพร่เมื่อ 29 ม.ค. 2025

ความคิดเห็น • 365

  • @jimb.2994
    @jimb.2994 6 หลายเดือนก่อน +161

    Over-priced equipment and over-paid CEO. What could possible go wrong?

    • @barrythomas529
      @barrythomas529 6 หลายเดือนก่อน +14

      Going woke is never a good idea.

    • @matthewm9261
      @matthewm9261 6 หลายเดือนก่อน +11

      Overpaid union employees?

    • @rexrice4496
      @rexrice4496 6 หลายเดือนก่อน

      What else could go wrong - well they just sponsored a multi -million dollar golf tournament last weekend. F*** John Deere.

    • @rayray8687
      @rayray8687 6 หลายเดือนก่อน +4

      Wait, didn’t the expert economist say it’s due to low commodity prices? I wonder where he shops?

    • @tomfilipiak3511
      @tomfilipiak3511 6 หลายเดือนก่อน

      Over paid high echelon morons! Unions,are here because of severe abuse by companies,and that is the only recourse,read the Jungle,by Upton Sinclair,that is why there are unions!Like it or not,they secure the middle clas!

  • @ezone913
    @ezone913 6 หลายเดือนก่อน +141

    Could it be that John Deere has been screwing over their customers for years, and now the farmer has much better options.

    • @markflierl1624
      @markflierl1624 6 หลายเดือนก่อน +3

      What are the better options? I'm not a farmer.

    • @annoyedok321
      @annoyedok321 6 หลายเดือนก่อน +2

      You'll see a lot of John Deere fanboys pulling blue Kinze planters because they got pissed off at the complexity of newer John Deere planters. K.I.S.S is still praised among farmers who actually work on their equipment.

  • @olroy61
    @olroy61 6 หลายเดือนก่อน +110

    Laying people off yet still sponsoring a PGA tournament. What's that cost them?

    • @tristenklein5940
      @tristenklein5940 6 หลายเดือนก่อน

      The PGA has nothing to do with John Deere. This is all funded by the PGA tour! You got where you voted for so vote for Joey bag of donuts again if you want it to continue!

  • @TheBearsLair
    @TheBearsLair 6 หลายเดือนก่อน +45

    Don’t neglect to mention five years of year-over-year product price increases. JD has price gouged its customers for years.
    You reap what you sow!

    • @npet6842
      @npet6842 6 หลายเดือนก่อน +4

      JD is expensive . I wonder how a new one can be funded with crop prices .....

    • @BooBahh-uh5jk
      @BooBahh-uh5jk 6 หลายเดือนก่อน

      Back in 1980's and 1990's you could buy a red brand for 12000 or less than a John Deere. Price gouging not a surprise.

  • @johnsalcido5436
    @johnsalcido5436 6 หลายเดือนก่อน +36

    It's my fellow farmers that are keeping JD in business. As a farmer myself farming in 3 states, I do not own any JD tractors or any kind of major equipment from them, just a handful of diesel equipment and implements from decades ago when they are actually more affordable and better quality.
    I'm sickened on how not just JD but other companies too have evolved against not just their own farmers but also the bottom of the line people and folks working for them. Sick on how greed can affect the innocent hard working folks.
    Just stop buying JD stuff and I promise you they will change their style real fast.

    • @timothymilhomme5249
      @timothymilhomme5249 6 หลายเดือนก่อน +3

      I heard the most effective way to do the least and actually do something is vote with your money

  • @ekeller88
    @ekeller88 6 หลายเดือนก่อน +43

    A new 250HP 8R is over a half million. Who is going to buy these at a rate fast enough to keep a factory open?

  • @kyleloew1100
    @kyleloew1100 6 หลายเดือนก่อน +31

    $3 corn you can’t afford anything. Grain prices are the same that they were 20 years ago let that sink in.

    • @dmk1529
      @dmk1529 6 หลายเดือนก่อน +2

      Your a little behind on your numbers. Buy a new newspaper!

    • @treelady6184
      @treelady6184 6 หลายเดือนก่อน +2

      @@dmk1529 take a load of corn to the elevator and you will soon find out the newspaper is wrong. I know what I get for it, the newspapers do not.

  • @randylagasse7767
    @randylagasse7767 6 หลายเดือนก่อน +50

    It’s not that there not making money, it’s that they wanna make more!

    • @seriejohnson698
      @seriejohnson698 6 หลายเดือนก่อน +3

      Bingo.

    • @dmk1529
      @dmk1529 6 หลายเดือนก่อน +1

      What's wrong with that?

  • @jamesmcclanahan4091
    @jamesmcclanahan4091 6 หลายเดือนก่อน +72

    Farm equipment is just too damn high

    • @dannypowers4995
      @dannypowers4995 6 หลายเดือนก่อน +8

      Union wages and Union benefits.

    • @Mr50403
      @Mr50403 6 หลายเดือนก่อน

      ​@@dannypowers49957 Billion dollar in profits? Who is losing? I get it your a Republican. You don't like unions. But c'mon, 7 billion in profits. That Greed.

    • @henrivanbemmel
      @henrivanbemmel 6 หลายเดือนก่อน +4

      ​@@dannypowers4995Yes ... let's return to working our people 12h a day 6 days a week for nothing with no safety.
      The whole thing hangs on international wheeler-dealers who game the communities market. However, let's just blame the workers, it's easier.

    • @GreggWalken-xd3qv
      @GreggWalken-xd3qv 6 หลายเดือนก่อน +2

      ​@@henrivanbemmelObviously is in this case. What was one of the reasons moving to Mexico

    • @henrivanbemmel
      @henrivanbemmel 6 หลายเดือนก่อน +2

      @@GreggWalken-xd3qv Which should not be permitted. Nowhere near the same costs of living regulation all the rest. Outsourcing is not free trade it's treason IMHO. If the stuff is sold here, I think it should be made here. Even non-union minimum wage unskilled labour would lose out to out sourcing. Companies like JD were making money in the US, they just make more in Mexico. However, it just came to mind that on a few channels I've watched they say JD makes its combines in East Moline, IL if I remember correctly (my phone won't let me switch pages when writing comments ...)

  • @charliehargrave7458
    @charliehargrave7458 6 หลายเดือนก่อน +79

    Cut CEO pay 100 percent and keep the workers.

    • @tristenklein5940
      @tristenklein5940 6 หลายเดือนก่อน +11

      You got what you’re voted for vote for Joey bag of donuts again if you wanna see it continue!

    • @tomdooley8917
      @tomdooley8917 6 หลายเดือนก่อน

      ​@@tristenklein5940derp,life awaits you , learn to read .

    • @seriejohnson698
      @seriejohnson698 6 หลายเดือนก่อน

      @@tristenklein5940You sound ignorant asf. Go wipe Trumps’s sh!t off your lips, @ss kissing Jethro.

    • @seriejohnson698
      @seriejohnson698 6 หลายเดือนก่อน

      @@tristenklein5940Grredy f*cking company made billions. Trump said he likes his people (you) dumb. Congratulations, Trump would be proud of your dumb @ss…oh, wait he doesn’t even like poor people. He finds you disgusting.

    • @dmk1529
      @dmk1529 6 หลายเดือนก่อน +2

      Vote Blue 🔵

  • @mattstarr8203
    @mattstarr8203 6 หลายเดือนก่อน +35

    record pay for management

    • @tristenklein5940
      @tristenklein5940 6 หลายเดือนก่อน

      Do you have the education and the responsibilities of management? of course not so you get paid what you’re worth you are an expendable asset and this is all about the economy and the regime in the White House that is destroying it! so you got what you voted for so vote again for Joey bag of donuts if you want it to continue and become a slave to the state!

  • @imaslob6168
    @imaslob6168 6 หลายเดือนก่อน +51

    Boycott John Deere!!!!

    • @jeffharper7579
      @jeffharper7579 6 หลายเดือนก่อน +3

      My exact thought👍.

  • @jeremytegland6663
    @jeremytegland6663 6 หลายเดือนก่อน +53

    Spent too much $$ on DEI & rainbow cult initiatives.

    • @frankgrabasse4642
      @frankgrabasse4642 6 หลายเดือนก่อน +4

      They made the ultimate dei investment. They moved to Mexico

    • @frankgrabasse4642
      @frankgrabasse4642 6 หลายเดือนก่อน

      Small farm bankruptcies skyrocket under trump. The trade war he started caused a sharp decline in Agriculture exports..... he also withdrew protections for small beef and pork producers. This greatly helped big business in contract negotiations.
      Then the 25% tariff. Move production to mexico. Import all you want. No tariff. Cheap labor. Send the product to the US. No tariff bringing that into the US. Thanks nafta. And trump even lied and said he renegotiated it!
      Trump helped more jobs to move to Mexico....

    • @louskunt9798
      @louskunt9798 6 หลายเดือนก่อน +6

      Exactly! Woke always goes broke!

    • @andreward8268
      @andreward8268 6 หลายเดือนก่อน +6

      ​@@frankgrabasse4642 and that's not DEI - that's corporate greed to increase profit (for the top executives)

    • @rosaoddin4338
      @rosaoddin4338 6 หลายเดือนก่อน +1

      @@andreward8268 AMEN - that is 100% accurate, the heck with what that relocation does to our country’s economy, stability and that of the USA working class. Top brass at DE are only concerned with increasing their personal aggrandizement.

  • @michaelmonthey5974
    @michaelmonthey5974 6 หลายเดือนก่อน +24

    John Deere has been less kind to their customers in recent years. They have consistently stood against the right to repair movement in an effort to push sales of brand new equipment, which most farmers can’t afford.

  • @tomrogers9467
    @tomrogers9467 6 หลายเดือนก่อน +27

    When a company builds equipment they won’t allow the owners to repair, customers buy elsewhere! JD deserves to go under!

  • @dougchapman2679
    @dougchapman2679 6 หลายเดือนก่อน +20

    Grew up in a farming family that also owned a JD dealership. Have seen personally the way they have fuc*ed the small dealer trying to make a living.
    Two store fronts wasn’t enough. Build one here-build one there…now 10 locations isn’t enough

    • @parchechuletaovero9507
      @parchechuletaovero9507 6 หลายเดือนก่อน +1

      It is becoming a monster not a company

    • @parchechuletaovero9507
      @parchechuletaovero9507 6 หลายเดือนก่อน +1

      Here in Argentina,only big network dealerships are allowed to stay green.

  • @BecauseWhyNot660
    @BecauseWhyNot660 6 หลายเดือนก่อน +46

    JD has always been overpriced. But, they just shot themselves in the foot with their D.E.I. initiatives. I know a lot of farmers that are putting their green up for sale as of today due to their D.E.I.

    • @frankgrabasse4642
      @frankgrabasse4642 6 หลายเดือนก่อน

      Small farm bankruptcies skyrocket under trump. The trade war he started caused a sharp decline in Agriculture exports..... he also withdrew protections for small beef and pork producers. This greatly helped big business in contract negotiations.
      Then the 25% tariff. Move production to mexico. Import all you want. No tariff. Cheap labor. Send the product to the US. No tariff bringing that into the US. Thanks nafta. And trump even lied and said he renegotiated it!
      Trump helped more jobs to move to Mexico....

    • @battles423
      @battles423 6 หลายเดือนก่อน +2

      You racist love saying DEI . Most of you racist don’t even know what it means 😂

    • @donaldcralton34
      @donaldcralton34 6 หลายเดือนก่อน +1

      @@battles423 usually the one screaming raciest, is the raciest! there should be no policies made for one group of Americans over another period!

  • @NoneNone-ik6pb
    @NoneNone-ik6pb 6 หลายเดือนก่อน +35

    When you think you're invincible because your largest shareholder is bill gates

    • @sawmanbigtreeslayer2360
      @sawmanbigtreeslayer2360 6 หลายเดือนก่อน

      Can you prove that?

    • @EelcoM-cq7pr
      @EelcoM-cq7pr 6 หลายเดือนก่อน

      Indeed...... The whole world should boycott companies where Bill Gates is involved.........

    • @delbutler885
      @delbutler885 24 วันที่ผ่านมา

      ​@@sawmanbigtreeslayer2360no they can't prove the BS that they are spewing

  • @furryfurnace9601
    @furryfurnace9601 6 หลายเดือนก่อน +18

    27 percent drop and everyone we deal with in agri- business want 10-15 percent increase! How can Agriculture continue when this is happening?

    • @tomdooley8917
      @tomdooley8917 6 หลายเดือนก่อน

      Agricultural is subsidized by the gubrrment , welfare for the rich .

  • @StevenCollar
    @StevenCollar 6 หลายเดือนก่อน +60

    Boycott Woke John Deer

    • @lindo110
      @lindo110 6 หลายเดือนก่อน +1

      go to bed, dad.

    • @relevation0
      @relevation0 6 หลายเดือนก่อน

      Are you a they/them? ​@@lindo110

  • @timdrain4027
    @timdrain4027 6 หลายเดือนก่อน +20

    Over priced. Not many pickups being sold either.

  • @seewoodygaming3088
    @seewoodygaming3088 6 หลายเดือนก่อน +55

    7 billion dollars in profit in a SINGLE year..... and it's not enough..... this country needs a damned reset

    • @danw6014
      @danw6014 6 หลายเดือนก่อน +2

      Be careful what you wish for.

    • @Scorpio1060-
      @Scorpio1060- 6 หลายเดือนก่อน +2

      ⁠@@danw6014 I agree, people thought working from home would be terrific. What happened is skyrocketing home prices and restaurants and shop’s closing.

    • @henrivanbemmel
      @henrivanbemmel 6 หลายเดือนก่อน +1

      It's called capitalism. Make as much as you can while reducing your costs.

    • @aaron___6014
      @aaron___6014 6 หลายเดือนก่อน

      Good thing we have two ancient presidents and a corrupt government helping.

    • @GreggWalken-xd3qv
      @GreggWalken-xd3qv 6 หลายเดือนก่อน +1

      Don't believe that's all profit. How much of that was paid to the investors?

  • @mullic
    @mullic 6 หลายเดือนก่อน +17

    They had increased stock price because the CEO took money back and bought stock to increase the value and impress investors…… they are in serious trouble. JD will do what IH did in the 80’s.

  • @tommybreen9677
    @tommybreen9677 6 หลายเดือนก่อน +9

    Did they just say at the end their profits will still be 7 Billion? Wtf

  • @arthurtomczak8474
    @arthurtomczak8474 6 หลายเดือนก่อน +18

    Moving to Mexico doesn’t happen to help .

  • @derekgilbert2884
    @derekgilbert2884 6 หลายเดือนก่อน +17

    It sad made over $61 Billion dollars revenue 2023 but company bought stocks back$15 Billion dollars and over pay ceo last 2023 revenue who get layoffs workers image that.

  • @tomd7861
    @tomd7861 6 หลายเดือนก่อน +8

    This is very concerning...just like '08...the second half is gonna get rough. Stellantis is gonna be cutting too.

  • @renebeussen3374
    @renebeussen3374 6 หลายเดือนก่อน +1

    They lost it completely . Poor R&D . The German made Fendt took over. You see them more working fields everywhere

  • @gregorymalchuk272
    @gregorymalchuk272 6 หลายเดือนก่อน +2

    They build unrepairable tractors and charge dealer fees for diagnosis software and serialized parts activation. People are really getting disgusted with it.

  • @cunninghamfarm3792
    @cunninghamfarm3792 6 หลายเดือนก่อน +16

    Our last 5 new mid-sized tractors, red and green, have been made in Europe.

    • @leinster22
      @leinster22 6 หลายเดือนก่อน

      Well Jeeps are made in Italy now, Levi’s made in Vietnam

    • @renebeussen3374
      @renebeussen3374 6 หลายเดือนก่อน

      You mean Fendt ? There color is green and red but distinguish different from JD. Their transmission runs very smooth and efficient.

    • @cunninghamfarm3792
      @cunninghamfarm3792 6 หลายเดือนก่อน +1

      @renebeussen3374 Case IH and John Deere. There are some of the biggest Fendts made in Jackson MN. I think the under 175 to 200 hp are European.

  • @js-wq6zy
    @js-wq6zy 6 หลายเดือนก่อน +15

    No doubt looking for huge government handouts....again

    • @dmk1529
      @dmk1529 6 หลายเดือนก่อน

      When was that?

  • @toddwatkins1036
    @toddwatkins1036 6 หลายเดือนก่อน +12

    They turned 10million profit last year how much more you need u can't afford jd. They're to greedy

    • @farmerthatflies
      @farmerthatflies 6 หลายเดือนก่อน +5

      Ten billion with a B

    • @donaldcralton34
      @donaldcralton34 6 หลายเดือนก่อน

      @@farmerthatflies ten billion with a B, could not fill their Greed with a G!

  • @chuckholt5375
    @chuckholt5375 6 หลายเดือนก่อน +6

    Every Biden voter needs to see this.
    “Oh he’s done a great job as president!“ (sarcasm)

    • @GeraldHanks-qo1qc
      @GeraldHanks-qo1qc 6 หลายเดือนก่อน +1

      What else would you expect from a Communist

    • @glennso47
      @glennso47 5 หลายเดือนก่อน

      Same thing for every voter for the local representative who is a Democrat. (Sorensen )

  • @deerepasture
    @deerepasture 6 หลายเดือนก่อน +8

    And now on top of this we find out John Deere is Wokie and farmers aren’t Wokie. Check out what happened at Tractor Supply

  • @waltonstarling5060
    @waltonstarling5060 6 หลายเดือนก่อน +9

    I just bought a new Kubota. JD 5075E was $5000 more for a tractor made in India.

    • @tomdooley8917
      @tomdooley8917 6 หลายเดือนก่อน

      What's wrong with India ?

    • @npet6842
      @npet6842 6 หลายเดือนก่อน +3

      Yes , really cheap labour countries , but the price to us doesn't reflect that . Cars and SUV are the same situation too .

    • @parchechuletaovero9507
      @parchechuletaovero9507 6 หลายเดือนก่อน

      Sorry to ask, but wich kubota did you buy and for how much?

    • @waltonstarling5060
      @waltonstarling5060 6 หลายเดือนก่อน

      @@parchechuletaovero9507 I bought an open station M7060w/ loader and 12 speed and heavier wheels. Open station with ballast in tires and a 2nd remote. Almost exactly$50k exactly. JD 5075 E was going to be @5000 more with no add options.

  • @ricksanchez7459
    @ricksanchez7459 6 หลายเดือนก่อน +9

    Heard a guy at the stockyard complaining they remotely disabled his tractor for missing a payment.

    • @dmk1529
      @dmk1529 6 หลายเดือนก่อน +2

      Not true

    • @ericeven4090
      @ericeven4090 6 หลายเดือนก่อน

      It's true if he missed more than one. Dealerships have remotely disabled tractors when they are due for repossession under the guise of protecting the equipment. They also use the trackers built into them to locate and collect them. It's not an all together awful practice since the dealer has the right to repo if you don't pay but it does happen. Quite frequently too.

  • @relevation0
    @relevation0 6 หลายเดือนก่อน +2

    No John Deere just like no Disney, Bud Light, etc

  • @_ac_7649
    @_ac_7649 6 หลายเดือนก่อน +12

    hope they go under

    • @davek9378
      @davek9378 6 หลายเดือนก่อน

      The ‘government’ will just take our tax dollars and bail them out...politicians looking for political donations call it ‘too big to fail’.

    • @CP-hz2dz
      @CP-hz2dz 6 หลายเดือนก่อน

      You got high hopes

  • @polymerx2218
    @polymerx2218 6 หลายเดือนก่อน +3

    They didn’t eliminate those positions they went to MX.

  • @bufferbridge
    @bufferbridge 6 หลายเดือนก่อน +2

    Deere being the market leader worldwide thought they had it made,the price rise of their equipment & astronomical cost of spare parts over the last 10 years,compared to other manufacturers is something else,or at least it is here in the UK. No wonder European manufacturers are making such inroads into the North American market

  • @georgecass8529
    @georgecass8529 6 หลายเดือนก่อน +4

    Time to take away there taxcuts they received .

  • @timlynch1074
    @timlynch1074 6 หลายเดือนก่อน +10

    As a John Deere salesman back in the early 2000's, I made a suggestion to the company of 2 things they needed to change on new mocos that were being introduced. They basically shrugged their shoulders and the following model year both of my suggestions were on the production models. I never got a thing for it, not even a "THANK YOU" !!!!

    • @henrivanbemmel
      @henrivanbemmel 6 หลายเดือนก่อน +4

      Which is very common in most organizations ...

    • @dmk1529
      @dmk1529 6 หลายเดือนก่อน

      Are your feelings hurt?

    • @dmk1529
      @dmk1529 6 หลายเดือนก่อน

      Are your feelings hurt?

    • @RJ1999x
      @RJ1999x 6 หลายเดือนก่อน +1

      Dear would screw anyone over, they screwed dealers over for years, which told me they could care less about their customers

    • @ricksmith4736
      @ricksmith4736 6 หลายเดือนก่อน

      You got a paycheck...

  • @johnhinant970
    @johnhinant970 6 หลายเดือนก่อน +4

    But the economy is doing great according to the Democrats.

    • @donaldcralton34
      @donaldcralton34 6 หลายเดือนก่อน

      you mean dummo-rats!

  • @TroyHanson-ch6nm
    @TroyHanson-ch6nm 6 หลายเดือนก่อน +7

    The brand carries lots of hype but don't perform like the greenhorns claim. As a mechanic i wont even buy this brand i service all my own an will not buy any green

  • @NorthernOutdoorLiving
    @NorthernOutdoorLiving 6 หลายเดือนก่อน +7

    If John Deere moves to Mexico those combines better be selling for 300k at the highest now

    • @farmerthatflies
      @farmerthatflies 6 หลายเดือนก่อน +3

      The price won’t go down. Their profits will go up tho

    • @dmk1529
      @dmk1529 6 หลายเดือนก่อน

      The combines will still be made here. Pay attention

  • @mowerman60
    @mowerman60 6 หลายเดือนก่อน +6

    Deere by name,dear by nature.
    Ripping off farmers,who are struggling worldwide.
    Here in NZ you can buy a Fendt,cheaper than you can buy a popping jonny.
    I know which one i prefer !!!

  • @baynebrown8914
    @baynebrown8914 6 หลายเดือนก่อน +2

    Only industry that has no control over revenue. Farming, that is.

  • @dannypowers4995
    @dannypowers4995 6 หลายเดือนก่อน +18

    Union demands will force all JD manufacturing to move to other countries.

    • @Scorpio1060-
      @Scorpio1060- 6 หลายเดือนก่อน +13

      I know right, I can’t tolerate people that expect to make a livable wage for their labor. They have some nerve.

    • @dannypowers4995
      @dannypowers4995 6 หลายเดือนก่อน +2

      @Scorpio1060- exactly, I have always wonder why the Unions do not just buy the companies they work for and set their pay whatever they think they deserve. GM for example should just sell itself to UAW.
      The John Deere union should buy John Deere and take it private . Get all the profits and set their pay.

    • @robwar2288
      @robwar2288 6 หลายเดือนก่อน +1

      Exactly!

    • @Scorpio1060-
      @Scorpio1060- 6 หลายเดือนก่อน +8

      @@dannypowers4995 Labor unions don’t work for companies and don’t buy companies. They represent workers. Any time a company is having problems, the fault lies with upper management. They are the ones running the business.

    • @rd1084
      @rd1084 6 หลายเดือนก่อน

      Let’s be real, unions are part of the problem, not the whole problem. Management that is only profit focused and a$$hat board members like bill gates are the other problem.

  • @MarginalFarming
    @MarginalFarming 6 หลายเดือนก่อน +1

    I don't buy plant and equip that require a tech to be flown in to replace a motherboard..

  • @Justwaitandctheoutcome
    @Justwaitandctheoutcome 6 หลายเดือนก่อน +10

    I’m just a dumb farmer I could see the writing on the wall a few yrs ago smarten up boys or it’s going to a lot worse before it even thinks about get better

    • @onehappyfarmer3461
      @onehappyfarmer3461 6 หลายเดือนก่อน +6

      I guess equipment manufacturers don’t follow the grain markets. October corn starts with a 3 now. How many bushels of corn will it take to buy a $1,000,000 combine now?

  • @Mjet403
    @Mjet403 6 หลายเดือนก่อน +1

    Over priced equipment compared to previous years has the most to do with it like tell it like it is people

  • @Allaiya.
    @Allaiya. 6 หลายเดือนก่อน +1

    I’ve heard of companies expanding into Mexico. But not just laying off and relocating. Wow 😡

  • @alfredfleming3289
    @alfredfleming3289 6 หลายเดือนก่อน +5

    They don’t mention how much their bloody machines cost to buy. Stop all the bells and whistles and go back to practical.

  • @generationll
    @generationll 6 หลายเดือนก่อน +2

    Where is Deere getting the billions for their stock buy back program?Deere has already introduced some very big ticket items like 4 new S7 combines & 3 new 9RX tractors that range from 710-830hp that cost over 1 million dollars

  • @dixonpinfold2582
    @dixonpinfold2582 5 หลายเดือนก่อน

    There are multiple factors, but one is obvious to me: Customers are postponing purchases to wait for widely-expected lower financing rates. They should fall a little even before year-end.

  • @MrNobody2828
    @MrNobody2828 6 หลายเดือนก่อน +7

    I'm going to buy a disc mower but it sure as hell won't be a John Deere. All done buying Deere parts

  • @18winsagin
    @18winsagin 6 หลายเดือนก่อน

    They recently purchased the Wirtgen group. A german equipment manufacturer of paving , crushing, and milling equipment.

  • @yougotmossed3592
    @yougotmossed3592 6 หลายเดือนก่อน

    The agricultural economy has always been a highly cyclical business. I am surprised it had stayed quite strong for as long as it did. A downturn comes as no surprise at all.

  • @ericeven4090
    @ericeven4090 6 หลายเดือนก่อน

    Around here everyone is doing whatever they can to keep the old jd equipment going. Whoever bought new stuff has regretted it and went back to old. Absolutely impossible for most to repair the new ones themselves. Price of old machines has skyrocketed as a result.

  • @jasonz7788
    @jasonz7788 6 หลายเดือนก่อน +1

    Yep ..

  • @Joemama-crzy
    @Joemama-crzy 6 หลายเดือนก่อน +2

    Farm equipment you are not allowed to repair yourself , overpriced

  • @kingkobra1956
    @kingkobra1956 6 หลายเดือนก่อน

    Who did not see this coming? Every employer has a massive layoff after granting pay increases to offset the pinch to its bottom line.

  • @sarahmccomisky4330
    @sarahmccomisky4330 6 หลายเดือนก่อน +3

    The mechines are ro expensive, rhe crops don't pay, fertilizer high cost. I bet the CEO made millions. And company profits were high to. They are making a move over overseas. To make more profits.

  • @04tsxpower
    @04tsxpower 6 หลายเดือนก่อน

    Yet doesn’t affect the price of equipment

  • @MinnesotaBeekeeper
    @MinnesotaBeekeeper 6 หลายเดือนก่อน

    On top of it we just found out that Deere has gone fully woke with DEI. Apparently WQAD refuses to discuss that crap! Since 2 years old, I grew up on tractors and I'm done with that company. Deere made 100 last year, John C. May is the CEO. Boycott.

  • @jaygold4467
    @jaygold4467 6 หลายเดือนก่อน

    Working hard at your job only to encounter "layoff". This throwing workers in the streets for profit must stop! This never use to happen. We need a large Layoff Tax. The CEO should be the first to go!

  • @KenPrill
    @KenPrill 6 หลายเดือนก่อน +14

    😂😂😂 Ha, Ha, John Deere fucked themselves !

    • @JAT922
      @JAT922 6 หลายเดือนก่อน

      2:14. Clip proves JD was laughing back. Notice the HA

  • @waymakeracres
    @waymakeracres 6 หลายเดือนก่อน +2

    John Deere has fallen from poor mgmt and the woke movement. RIP.

  • @erickellogg505
    @erickellogg505 6 หลายเดือนก่อน +3

    They've just been green yanmars for years.

  • @Ron-k8e7f
    @Ron-k8e7f 6 หลายเดือนก่อน +10

    why is a t-bone steak 17 dollars a pound

    • @newtec-kd6vy
      @newtec-kd6vy 6 หลายเดือนก่อน +1

      Unless people in the supply chains. Consultants, advertising people

    • @hcsgmail
      @hcsgmail 6 หลายเดือนก่อน

      Because our government stopped going after monopolies. The farmer isn't the one who is making the money in beef.

    • @jerryfischer3988
      @jerryfischer3988 6 หลายเดือนก่อน

      Mine is $6 a pound raised in my backyard

  • @saltwaterinmyveins
    @saltwaterinmyveins 6 หลายเดือนก่อน

    It hurts my heart the beloved John Deere is declining.

  • @dalerector8491
    @dalerector8491 6 หลายเดือนก่อน +3

    Tractors that don't need a farmer ,were made possible by farmers! All equipment will be that way soon enough. You can't stop it ,

    • @hcsgmail
      @hcsgmail 6 หลายเดือนก่อน

      Wait until autonomous tractors kill people on the road or changing implements.

  • @KDrapsag
    @KDrapsag 6 หลายเดือนก่อน +3

    JD going WOKE the straw that broke the camels back!

  • @Taxpayeroftherepublic
    @Taxpayeroftherepublic 6 หลายเดือนก่อน +5

    According to Joe the economy is GREAT! Wounded if any of his policies have contributed to the layoffs…..

  • @mrctzn4557
    @mrctzn4557 6 หลายเดือนก่อน

    Moving the manufacturing and assembly of John Deere products to Mexico doesn't help sales, it's not the down year, it's the stupidity of the company.

  • @keysautorepair6038
    @keysautorepair6038 6 หลายเดือนก่อน +1

    John Deer moving to Mexico lol.

  • @daleolson3506
    @daleolson3506 6 หลายเดือนก่อน +3

    Check out their profits.

  • @madmanmechanic8847
    @madmanmechanic8847 6 หลายเดือนก่อน

    I just saw they are shutting the plants and moving the facilities to Mexico they said nothing about this

  • @dennisbethards3231
    @dennisbethards3231 6 หลายเดือนก่อน +4

    They will all be laid off or move to Mexico with their jobs

  • @daviddruggish271
    @daviddruggish271 6 หลายเดือนก่อน

    Greed is destroying America.

  • @jwde2630
    @jwde2630 6 หลายเดือนก่อน +7

    boycott john deere , moving there factories to mexico is un american, plus everything they sell is over priced and poor quality are my thoughts!

  • @eddiekulp1241
    @eddiekulp1241 6 หลายเดือนก่อน +3

    Just move every good paying union job to other countries . That will help economy

    • @TheWebstaff
      @TheWebstaff 6 หลายเดือนก่อน

      Nope but it will help JD shareholders and management.

    • @justing6594
      @justing6594 3 หลายเดือนก่อน

      Nice try bootlicker! These companies profit billions off the backs of hard working people!

  • @Smooththatsme
    @Smooththatsme 6 หลายเดือนก่อน +1

    Is this part of the "build back better" idea Joe Biden was talking about when he was running for president in 2020?

  • @bubbaray575
    @bubbaray575 6 หลายเดือนก่อน

    Down 10% last year.....
    ...last year they had a $10,000,000,000 profit.
    That 10 billion in case your wondering.
    Profit, not sales but 10 billion in profit and they project 7 billion next year.
    So they're saying 17 billion profit over 730 days isn't enough.
    Well, something tells me their profit projections for next year are going to be surprisingly lower; I wonder why.

  • @lynnschantz9185
    @lynnschantz9185 6 หลายเดือนก่อน +1

    Wow maybe just maybe it’s the DEI policy that has been incorporated into the business. Yea go ahead and blame it on the crop prices. Wake up

  • @bigredd5171
    @bigredd5171 6 หลายเดือนก่อน

    Then why is beef so expensive? 🤔

  • @roymoxley2587
    @roymoxley2587 6 หลายเดือนก่อน

    Farmers are subsidized by the federal govt Let that sink in These are facts I live near a farm and the money he gets from the government is ridiculous a lot.

    • @farmerthatflies
      @farmerthatflies 6 หลายเดือนก่อน

      Can you tell us a specific amount? That you know for sure

  • @jeremyrude6883
    @jeremyrude6883 6 หลายเดือนก่อน +1

    But didn't 81 million ppl vote for this? 😂😂😂

    • @leinster22
      @leinster22 6 หลายเดือนก่อน

      You need determine how many were dead and buried when they voted

  • @leinster22
    @leinster22 6 หลายเดือนก่อน

    As John Mellencamp sang “ Ain’t that America “

  • @jeffreywhite7657
    @jeffreywhite7657 6 หลายเดือนก่อน

    JD parts only on JD equipment....way high prices for their equipment too.

  • @TroyHanson-ch6nm
    @TroyHanson-ch6nm 6 หลายเดือนก่อน +3

    John deere is junk anyhow imo.. Let them sink i wouldn't spend 1 dime in that brand even b4 this. There lawn equipment is garbage

  • @NunYa953
    @NunYa953 6 หลายเดือนก่อน

    John Deere is why John Deere is struggling. They turned their back on the people that pay their bills.

  • @korn111685
    @korn111685 6 หลายเดือนก่อน

    The CEO should buy a farm, pay retail for JD equipment and try to turn a profit. Eyes wide open.

  • @frankedgar6694
    @frankedgar6694 6 หลายเดือนก่อน +1

    How is that union contract working out for greedy workers? Y’all going to move to Mexico with your jobs?

  • @kevinroberts8441
    @kevinroberts8441 6 หลายเดือนก่อน

    Slim margins and high interest rates makes it so you can't afford new equipment simple

  • @gabrielrodriguez821
    @gabrielrodriguez821 6 หลายเดือนก่อน

    But I thought the "Union" would protect those jobs 🙄

  • @MM-rr1kp
    @MM-rr1kp 6 หลายเดือนก่อน

    well at least they locked owners and private shops out of srrvicing their gear

  • @maverick-zj3jz
    @maverick-zj3jz 6 หลายเดือนก่อน +9

    Bidenomics, build back better.

  • @pahanin2480
    @pahanin2480 6 หลายเดือนก่อน +2

    They are outsourcing to Mexico.

  • @1murder99
    @1murder99 6 หลายเดือนก่อน +1

    Go woke go broke.