[kls]

This is true when you get to smaller tractor classes, but when you get up to the big specialized tractors like combines, Kubota and the others just really are not in the game in the US, it's dominated by a few players and they all have closed proprietary systems. Caterpillar and a few other players do this is the specialized heavy equipment game, it's pretty much the same playbook.

As well their really is no comparison, to JD's high end fleet tractors to the ones they sell to compete with New Holland or Kubota, they are different lines with different quality controls. It gets even worse when you get down to personal lawn tractors. They are basically just rebadging commodity built hardware at that level.