Word: tractor
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Dates: during 1980-1989
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...brightest star is Grant, 24, whose Age to Age was the first contemporary Christian album to ring up sales of 500,000. At 17 she was touring, accompanying herself on an acoustic guitar; today she and her ten-piece band move around the country in two tractor-trailers, two buses and one truck. She sold out Radio City Music Hall for a concert last year and plans before long to fly as high as those angels she sings about. "I want to play hardball in this business," she says. "I want to be on the same level professionally with performers...
Anderson is trying to sell some of his older equipment, including seven tractors, three combines, several planters and cultivators. The equipment, which is parked outside the office of the Prairie Rice Co. in Chesterville, cost $1.4 million. "If we got one-fourth of that," Anderson says, "we'd be happy." His brother Arthur, 53, who farms 1,000 acres near by, is bitter about those who buy at forced sales. "At auctions, farmers pounce on a used tractor like vultures," he complains. "They're just feeding on someone else's misfortune...
...devastating," Virginia Jensen said. "David has farmed all his life. He started milking cows when he was five years old. It's a family-type thing, a way of life. Every time David goes out to drive the tractor now, he leaves a piece of his heart out there." The Jensens owe another $400,000 in mortgages on their land. Their 1,120 acres, on which they have raised mostly wheat for the past 27 years, will be sold at a similar involuntary auction this week...
...Tenneco, an energy conglomerate. This means that Harvester, the descendant of a company founded by Cyrus McCormick, the inventor of the mechanical reaper, will abandon its original line of business. The divestiture will let Harvester concentrate on its profitable truck-building operation. Tenneco will merge Harvester's tractor line with its struggling J.I. Case farm-equipment division. By closing plants like Harvester's giant Farmall factory in Rock Island, Ill., Tenneco hopes to slash the industry's overcapacity. The cutbacks, though, could bring layoffs for thousands of workers...
Another heavy-equipment maker, Caterpillar Tractor, announced last week that it may move some of its production from plants in Illinois and Iowa to factories in Western Europe. The step could mean the loss of even more Midwestern jobs...