John Deere as corporate punching bag
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There's a huge trend in placing entry and lower level employees through temp agencies, see also Corteva, etc. locally. No, the mother company does not offer or pay them any benefits.
The company I work for makes parts for the automotive industry and certain customers orders have been down but others seem really high. It seems like it may be slowing down in general. Some of the employees seem to see some similarities to the auto industry part of 2008.
It's the constant growth model. No one can be happy unless they're top 100. Needs to be a sustainable model put forward.
Okay, fertilizer prices went down, chem prices were steady, seed was up a percent or two. Rent was up 5-10%. Commodity prices have dropped 30-40%. The commodity drop makes way more difference than the percent or two change in costs.
Biggest increase for production was interest rates but many producers had enough cash to avoid lines of credit so that was basically irrelevant.
So yes, commodity prices tanking is what hammered the crop side. The hog market is also in shambles due to the board of trade. Feed costs have dropped dramatically but that hasn’t offset the price drop.
Unless you are talking milk side (which I have no clue about) the cost side hasn’t affected much.
This. All of this.
I work as a vendor for several HUGE companies in California. No "Employee" of those countries I work with is an actual employee of the company they work for. All of them are "Contractors" Even though the contracting agency exclusively services that company.
The reason? benefits.
Yep. Contractors are basically just leasing hours to people and pocketing as the middle man. All the guys at this current place I work are 1099 independent contractors. All the ******** and no benefits. That's been the change the last 15 years.
Massive companies have unions because the workers have leverage to do so. Otherwise it would be identical.
**** Deere. The whole system is ****** and it’s only getting worse.
A question for general curiosity, would you be willing to have your 401k return cut 3% annually if 3% went to increased wages for the employees of the company your 401k was invested in? Don’t give me that won’t ever happen response, all you need to answer with is a yes or no.
Had an old guy tell me a few years ago that even though the farmer will always complain about increases in inputs, it's never good when they go down. That particular year seed went down (only time in my 15 years) and he was right. Some folks were in rough shape. Fertilizer may be an exception because it can be moved by other things but often it's not.
Why does everyone always want to punish the savers? To answer your question **** no.
That is true. You hope for small increases and good yields and average grain prices. Least amount of stress that way.
Why should it come from the employees? There's plenty of margin at the top to give back from. It's already plain as day wages haven't increased with inflation for 30+ years.
I'm my case I don't get a pension and I'm independent so all costs are my burden. They aren't paying well enough to offset the difference.
I can't wait to see how many people try to say yes.
I ask because we get so excited about the high returns lately but hate “how the sausage is made”. Unfortunately it’s now about maximizing returns for stock prices. A lot of stock is in 401ks. There is correlation there.
Would be nice if the CEO had to experience some of the logistical crap personally while they adjust to the new process.
One of my son’s first jobs out of college was an engineer at a company that produced a lot of parts in Mexico. Dealing with things like getting thousands of parts that don’t quite fit because some setting on a machine was just a bit off, or getting awakened in the middle of the night cause he spoke fluid Spanish and the truck driver didn’t have the correct paperwork at the border and somehow he was the one process engineer they could find that spoke Spanish in a company that employed thousands. Four years of high school Spanish, was it a blessing or a curse? This kind of crap will be some peon’s job who is underpaid and overworked and will be laid off in the next round of corporate greed when they work out the kinks in the transition.
One of my son’s first jobs out of college was an engineer at a company that produced a lot of parts in Mexico. Dealing with things like getting thousands of parts that don’t quite fit because some setting on a machine was just a bit off, or getting awakened in the middle of the night cause he spoke fluid Spanish and the truck driver didn’t have the correct paperwork at the border and somehow he was the one process engineer they could find that spoke Spanish in a company that employed thousands. Four years of high school Spanish, was it a blessing or a curse? This kind of crap will be some peon’s job who is underpaid and overworked and will be laid off in the next round of corporate greed when they work out the kinks in the transition.
Credit cards are the worst thing ever invented. Well, outside of social media.
