bigtiller
Super Member
Deere does not over build, they know their market well. There has been a waiting period for delivery of big purchases for a long time.The strike is because of a labor shortage. The union smells opportunity to raise wages (or to stick it to Deere?) and is going to. Timing and administration is on their side. I wish them poorly, higher prices will just push more offshore purchases.
As for Deere, after record commodity prices when every farmer (exaggerating but lot of truth in it) was a millionaire Deere was selling equipment like hotcakes. Now that we're in a more normal high fuel, high ammonia/lower commodity prices, I expect Deere had overbuilt and now has excess capacity.
They are suffering a parts supply just like the rest of the world. Actually, this strike, if it is a short one, may be good for Deere. It will give their vendors extra time to get the needed parts made and delivered to them.