Dear Jim: I come from a farming family. American farmers tend to use credit in the winter season, after harvest, to buy machinery. Since Deere machinery is so expensive, do you think Deere can go lower? I can't see many planters or combines being bought this year if there's no credit access. Like you, I like the company, but I don't like the market situation. --Carol
Cramer says: “…once the commercial paper origination was freed up by the Federal Reserve that was good for Deere. This new bank news is good for Deere. I think Deere should be bought here.”