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The collapse of farmland values and commodity prices
Member rating: No Rating | Words: | Submitted: Thu Mar 24 2005
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1. How did the competitive environment change between the 1970s and the 1980s? The collapse of farmland values and commodity prices in the 1980s led to the worst agriculture crisis since Great Depression, which discourage farmers to buy new equipment, instead many of them willing to resale the equipment they bought not long time ago to finance their land, thus, greatly reduced the dominate market, moreover, the higher dollar exchange rate in 1980s hurt the US exports, both in farmers, which are the main customer of John Deere and farm equipment producer, such as John Deere. Therefore, the competitive environment became more challengeable for the John Deere Component Works (JDCW) between the 1970s and the 1980s. 2. What caused the system to fail in the 1980s? What are the symptoms of cost system failure? The system assigns overheads only based on "normal volume, which usually are labor and materials. This lead to distortions...
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