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"I don't own the equipment stocks anymore; at some point the rising cost of steel, petrol products and the like will be hurting the bottom line unless they can pass all the costs along to farmers "
May 15 08:57 am
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All Comments by Econ Teacher »Deere Results: Why I Don't Own Equipment Stocks [View article]
Ho!!! Who stands to benefit the most from rising food prices? Anyone? How about farmers? Is it possible farmers will decide it makes sense to pay higher prices for inputs in order to produce commodities whose prices are rising? Next step: Where's the dollar in relation to the Euro (lots of farmers in Europe)? Real cheap. What does the price of a John Deere or Cat tractor look like to a European farmer? Cheap.
Sorry, I think you got it backwards here. Deere's slide is a golden opportunity to grab their stock and profit from the ongoing US export boom and global rise in food prices.