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Talked to an AGCO rep today

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Lonn View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Lonn Quote  Post ReplyReply Direct Link To This Post Posted: 28 Jan 2011 at 10:20am
Originally posted by clint clint wrote:


 
corporations were started to allow an entity to function without personal recourse to investors if the entity failed- the exact same reason we have them today.

Wrong, dig deeper.


Edited by Lonn - 28 Jan 2011 at 10:20am
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Post Options Post Options   Thanks (0) Thanks(0)   Quote clint Quote  Post ReplyReply Direct Link To This Post Posted: 28 Jan 2011 at 10:29am
Lonn- i wasnt looking to start a fuss.
 
But we all own orange stuff on here. I was asking about something that says Ago on the side- esp on that just says agco and that is orange.
 
Now sure about the hit on value- i dont trade stuff- it generally comes here for good.
 
 
No sure what you mean by dig deeper. that is the primary legal reason for "modern" corporations (not churches, cities etc). i have done about as much digging as i want to- sitting in all those business law classes, corp tax, entities, directors, ethics etc was enough for me!
Our farms stuff: agco gt55, AA 8775, 8765, 6080, 185, 180, 175, 170, d15, d14, d14, wd, wd, wd, g, F3, L3, R62
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Lonn Quote  Post ReplyReply Direct Link To This Post Posted: 28 Jan 2011 at 10:36am
Originally posted by clint clint wrote:

Lonn- i wasnt looking to start a fuss.
 
But we all own orange stuff on here. I was asking about something that says Ago on the side- esp on that just says agco and that is orange.
 
Now sure about the hit on value- i dont trade stuff- it generally comes here for good.
 
 
No sure what you mean by dig deeper. that is the primary legal reason for "modern" corporations (not churches, cities etc). i have done about as much digging as i want to- sitting in all those business law classes, corp tax, entities, directors, ethics etc was enough for me!

and I answered that's all

You really should look into the original charter of corporations in this country and also what limits our founding fathers promoted on corporations. Not to prove you wrong but to let you know where I'm coming from.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote TomYaz Quote  Post ReplyReply Direct Link To This Post Posted: 28 Jan 2011 at 10:44am
hmm
 
Lonn,
 
Sounds like you are referring to companies chartered by the Crown? Were not "legal persons" and could be revoked at the pleasure of the King...
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Spud Quote  Post ReplyReply Direct Link To This Post Posted: 28 Jan 2011 at 11:14am
Byron, Son.  Can you give me a specific example of equipment Agco produced that was chinese made with an Agco label added on?  I am looking for a product and model number and would be very surprised if you can produce an example.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Lonn Quote  Post ReplyReply Direct Link To This Post Posted: 28 Jan 2011 at 11:33am
Originally posted by TomYaz TomYaz wrote:

hmm
 
Lonn,
 
Sounds like you are referring to companies chartered by the Crown? Were not "legal persons" and could be revoked at the pleasure of the King...

Nope, not exactly. This really belongs in the political forum but the founders were against corporations of the English type and wanted restrictions on them. They looked at English corporations as part of the reason for the need to break away from the crown. They didn't consider American corporations should be as our government has defined them today. They were first to provide a public good as their charter. Is that the reason they exist today? The founders wanted a corporation status to be revoked if they didn't meet this charter reason or if the corporation broke the law. There is a lot to be said on the subject and should be brought up further on the political forum.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote TexasAllis Quote  Post ReplyReply Direct Link To This Post Posted: 28 Jan 2011 at 3:28pm
Originally posted by Lonn Lonn wrote:

Originally posted by TomYaz TomYaz wrote:

hmm
 
Lonn,
 
Sounds like you are referring to companies chartered by the Crown? Were not "legal persons" and could be revoked at the pleasure of the King...

Nope, not exactly. This really belongs in the political forum but the founders were against corporations of the English type and wanted restrictions on them. They looked at English corporations as part of the reason for the need to break away from the crown. They didn't consider American corporations should be as our government has defined them today. They were first to provide a public good as their charter. Is that the reason they exist today? The founders wanted a corporation status to be revoked if they didn't meet this charter reason or if the corporation broke the law. There is a lot to be said on the subject and should be brought up further on the political forum.
 
True enough.  They were supposed to be short term entites and disbanded once they fulfilled their charter.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Byron WC in SW Wi Quote  Post ReplyReply Direct Link To This Post Posted: 28 Jan 2011 at 5:38pm
Originally posted by Spud Spud wrote:

Byron, Son.  Can you give me a specific example of equipment Agco produced that was chinese made with an Agco label added on?  I am looking for a product and model number and would be very surprised if you can produce an example.


I think AGCO is going to be making Valtra tractors in China but I don't understand your question?  Perhaps I wasn't clear.  I'm usually not and not very good at making a point.  So, I'll restate.  The point is Wall Street types buy up good names, rape them by producing inferior products and trashing the name, then dump them.  AGCO is a Wall Street company. 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Byron WC in SW Wi Quote  Post ReplyReply Direct Link To This Post Posted: 28 Jan 2011 at 5:40pm
Originally posted by Lonn Lonn wrote:

[QUOTE=clint]
Anybody who relies on money made from nothing for their retirement relies on smoke and mirrors. You might get lucky despite yourself but it would be just luck. The luck is in the timing and has nothing to do with real work.



I totally agree with that. 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote m16ty Quote  Post ReplyReply Direct Link To This Post Posted: 28 Jan 2011 at 10:14pm
You can paint a Massey orange but that doesn't make it a AC. Color really doesn't matter to me. It's what's under the paint.
 
We've always ran AC tractors. There came a time that we needed to buy a newer tractor though. AC was gone and all Agco had to offer was some repainted foreign tractor. That and the fact that nobody knows when they will drop a tractor line and the company support that goes along with it. As bad as I hate to say it, we went with JD.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Spud Quote  Post ReplyReply Direct Link To This Post Posted: 28 Jan 2011 at 11:26pm
Byron:  You said Wall Street companies like Agco put out Chinese crap and slap a brand name on it.  Can you give me an example of a piece of Agco equpment where they have done that?  If you are making the accusation you ought to be able to back it up!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Lonn Quote  Post ReplyReply Direct Link To This Post Posted: 29 Jan 2011 at 6:26am
Originally posted by m16ty m16ty wrote:

You can paint a Massey orange but that doesn't make it a AC. Color really doesn't matter to me. It's what's under the paint.
 
We've always ran AC tractors. There came a time that we needed to buy a newer tractor though. AC was gone and all Agco had to offer was some repainted foreign tractor. That and the fact that nobody knows when they will drop a tractor line and the company support that goes along with it. As bad as I hate to say it, we went with JD.

The AC name is for collectors but if you own orange equipment to farm with whether it's AC or AGCO the value took a hit when they dropped orange and the Allis Gleaner Co name. Especially true if you own orange AGCO tractors. So forget the collector's perspective. Look at the hit you take on trade in value. We do trade in once in a while. Now If at some point I decide, like my cousin, to get out of my Gleaner into a company that is stable I'll take a hit just because of this. Forget me though, I'm not in it for the money and I'll stay with old Gleaners as long as I can but my cousin took a major hit on the value of his AGCO tractors. Do you think he should trust AGCO and trade in his CaseIH combine for a Gleaner that he may not be able to trade back out of because AGCO might paint them red and throw a Massey decal on them? I'd think hard if I were him. He was hot after an R65 at one point until AGCO dropped orange. My bet is that he stays with CaseIH. That's the smart move. He bleeds orange as much as anyone but he is also smart about the future. I hope he goes with an R65 but I wouldn't blame him if he didn't AND THE REASON WILL BE BECAUSE AGCO DROPPED ORANGE. So anyone who claims it makes no difference........well apparently it does with some people. That's a fact you can't argue with. That fact proves AGCO is wrong.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Byron WC in SW Wi Quote  Post ReplyReply Direct Link To This Post Posted: 29 Jan 2011 at 9:32am
Spud,
Where'd I say that?  My point was Wall Street companies don't care about their customers and they care less and less about their product.  Shipping manufacturing to China does not benefit their product or their customers it benefits their bottom line.  The sickening thing is it might save them say a $1 a product on something like a car battery and in the mean time their putting an American out of work, their supporting an economy in China that encourages burning out their employees at a bare wage with unsupportable hours and destroying the environment.  Who in their right mind would do that?  No one would unless their single minded goal was their stock price and to heck with everything else.

You want an example of a Chinese product AGCO sells that they put their name on?  Look at parts.  I don't know the ins and outs of every part but I do know you can buy a sickle guard painted orange from AGCO that is made in China. If you scratch off the orange paint it's green underneath.  You can still buy high quality made in USA sickle guards cheaper than than the orange Chinese one from AGCO or you can go to Farm and Fleet or Tractor Supply and buy the same one that AGCO is still green made in China for about a 1/3 of the price. 

Byron
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Post Options Post Options   Thanks (0) Thanks(0)   Quote TomYaz Quote  Post ReplyReply Direct Link To This Post Posted: 29 Jan 2011 at 5:30pm
Originally posted by Byron WC in SW Wi Byron WC in SW Wi wrote:

Spud,
You want an example of a Chinese product AGCO sells that they put their name on?  Look at parts.  I don't know the ins and outs of every part but I do know you can buy a sickle guard painted orange from AGCO that is made in China. If you scratch off the orange paint it's green underneath.  You can still buy high quality made in USA sickle guards cheaper than than the orange Chinese one from AGCO or you can go to Farm and Fleet or Tractor Supply and buy the same one that AGCO is still green made in China for about a 1/3 of the price. 

Byron
 
Amen on that.  Often I hear that free trade benefits the consumer by making things affordable; thats the good thing about free trade. Is true in a lot of cases, but not always.  I seen items at the hardware store side by side, one made in Chine, one in USA.  USA one about the same price...Im thinking, the USA made company can make a profit at that price, but somehow the competitor had to have it made in China?  Smacks more of greed to me than trying to be "competitive".  US Corporations have abused and taken advantage of desperate employees in the past, giving rise to unions.  Nowadays many say companies dont do that, no such need for Unions. It is true a lot of the things unions fought for are now law, and there may not be such a great need anymore in the States, but thats not because Corps have gained a consciense.  They will and do still continue to do those bad things many times thru a proxy, but now its done out of sight via "outsourcing"....
 


Edited by TomYaz - 29 Jan 2011 at 5:31pm
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Post Options Post Options   Thanks (0) Thanks(0)   Quote JohnCO Quote  Post ReplyReply Direct Link To This Post Posted: 29 Jan 2011 at 9:20pm
I bought some brass fittings for some project a few years ago.  Noticed they were made in Viet Nam, said to the 20 something clerk, "I see we're getting our shells back."  He didn't have a clue.  I suspect all the stuff we left over there helped the country get back on it's feet.
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