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  • Farm Collector

    Oh, what a baby!

    Jul 12, 2019 4 minutes

    This column has referred in the past to the severe Agricultural Depression that followed World War I. Prices for farm products (wheat fell from $3 to $1 per bushel, while corn was so cheap that farmers burned it for fuel) plummeted. Sales of farm implements dried up as well and even the giant International Harvester company was affected.

    Then, in February 1922, Henry Ford cut the price of the Fordson tractor, which at the time was IHC’s biggest competitor in the tractor market, by $230. According to Cyrus Hall McCormick Jr., when IHC General Manager Alex Legge heard the news in a phone call, he

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