As farm sizes grow and consolidate in China and India operators will demand increasing productivity and will buy John Deere.
Ethanol from corn creates a floor for corn farmers which keeps them in the game and buying John Deere product. Green drives Deere.
Deere product maintains good second-hand values. The credit arm requires large down payments. If as and when a downturn develops credit quality should not be an issue.
George Gutowski writes from a caveat emptor perspective.