Ford buys New Holland operation to expand farm equipment
Ford Motor Co agreed to pay 330 million in cash plus assume 110 million in liabilities to acquire Sperry Corp's New Holland farm equipment division. The deal links New Holland buying and harvesting gear with Ford Tractor, expanding Ford's $1.3 billion in tractor sales despite a long term farm equipment slump. Analysts see potential dealer consolidation and financing gains as part of the move.
MENTIONED IN THIS ARTICLE
Henry Ford
Ford Motor Co
Ford Motor
New Holland
Sperry Corp
Ford
Ford Tractor
Sperry
General Motors Corp
Hughes Aircraft
Iowa farm foreclosure moratorium limits to nonviable farmers
Agricultural economist Bruce Jones of the University of Wisconsin Madison notes the Iowa moratorium announced Oct. 1 by the governor is narrow and mainly stops foreclosures only when borrowers cannot pay interest. Lenders must assist borrowers to maintain cash flow, with possible rate cuts and deferments. foreclosures proceed if debt remains unsustainable. Jones argues lenders will avoid foreclosing on borrowers who can pay interest, as collateral value may be lower than the loan, and lifting the moratorium could trigger larger losses. The Iowa policy contrasts with Wisconsin’s broader plan that would have halted all foreclosures for a year, risking greater losses when the moratorium ends.
MENTIONED IN THIS ARTICLE
Iowa
Bruce Jones
University of Wisconsin- Madison
Iown
Mr. Jones
Farmers Home Administration
Jones
Wisconsin
Governor’s Commission On Agriculture
Governor’s Commission
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Two
Busi
Nesses
Donald E. Petersen
Michael J. Geran
E.F. Hutton & Co
Detroit
David Healy
Drexel Burnham Lambert Inc
Ann C. Knight
Paine Webber Inc
N.Y
all—Jones
Gleaner Cit
Massey
Massey Fergson
Won Equipment Co
Clear Lake
Wis
DEUTZ
Allis Lawn and Garden
Peur Alus
Val
Ary Remy Oesngineered
Mori 'H.D
Clude
Vain
Choin
Fli
Eevo
MFG. Co., Inc
E. Elm Drive
Loyal
Steiger
Hingiss Implement
Chilton
GEHL
Clayton
Jerry
Larry
White
HA Eee
Uni
Q.T. JD
Kurt
Greg
Waupun ‘Equipment CO
W. WaupUn
Radio Shack
Creer Computer Centers
Alle
CitiLine
Citibank
IBM/TM
DeskMate
Machines Corp
TNA
Aero Dem Tee
Tandy Corporation
Movin
van Dale
Buchner Sales & Service
Bloomer, WI
Harry Draus Sales
Tri-County Equipment CO
Withee
Hedlund Farm Systems
East St
Boyceville
DON Lauer Sales RI
ArkAnsaw
Donald Sikora Equipment Supply RI
Colfax
Janicki Sales & Service
Gilman
Francis Schank & Sons, Inc
South
ArcadIa
Podevel
Hwy. B. Marshfield
Braun Electric Inc
North 4Th Ave St. Nazianz
Lindevig Sales & Service
S. Main St
Westby
North Road
Appleton
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