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This Day In History


IHhogfarmer

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The Farmall Plant In Rock Island, Illinois rolled off the specially painted 1066 as the 5 millionth tractor. Friday February 1st, 1974 at 9:00 AM. The tractor had about every option that could be had. A celebration after coming off the line was done to recognize this industry first achievement. The first Farmall Regular produced at the Farmall Works Plant in October 1926 was also present. The 1066 today is at the Ft. Benton, Montana Ag Museum. IH released a five minute film on this celebration in 1975.
   
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The guy here is Stan Lancaster. He was Vice President of North American Farm Equipment Division (I think that’s his correct title).

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Speaking on the mic is Joseph Hart, I can’t remember his title. The other was Farmall Plant Manager Tom McCallister. 

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This was at the August 26th, 1976 introduction at Chicago’s McCormick Place for the new 86 Series.  
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1 hour ago, JaredT said:

The little lady in the second pic was sure showing a lot of leg for that time, nothing by today's standards. 

I would agree with you in the farm sector of life, might of raised a few eye brews. But the mini skirt was from the 60's it came along with the music of the era. I am just a bit to young to give the exact year. But was very aware by being in college in 74. 

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What is the serial number on this 1066? 

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3 hours ago, JaredT said:

The little lady in the second pic was sure showing a lot of leg for that time, nothing by today's standards. 

They looked rather short to me

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2 hours ago, bitty said:

What is the serial number on this 1066? 

Would be interesting to know. I’m sure its out somewhere. @Farmall1066 any leads to this thought?

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17 hours ago, ray54 said:

I would agree with you in the farm sector of life, might of raised a few eye brews. But the mini skirt was from the 60's it came along with the music of the era. I am just a bit to young to give the exact year. But was very aware by being in college in 74. 

That February 1 was in 1974.

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On 2/2/2023 at 8:49 AM, Big Bud guy said:

My first thoughts were of the factory workers in the first picture going on strike just over 5 years later pretty much nailing the lid on the coffin. 

to the casual viewer that might seem the reason IH failed . it wasn't by any means. Yes it was one nail . but it was a perfect storm that was unavoidable. 

 What often gets overlooked is every mainline manufacturer went bankrupt or sold( or involved in a sale) in the 80s except John Deere ,It was a very tough decade and there was too much manufacturing capacity in the industry, too much debit and high interested rates caught up with all of them

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1 minute ago, hillman said:

except John Deere

Even they had a good sized strike of their own in 1988.

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33 minutes ago, hillman said:

to the casual viewer that might seem the reason IH failed . it wasn't by any means. Yes it was one nail . but it was a perfect storm that was unavoidable. 

 What often gets overlooked is every mainline manufacturer went bankrupt or sold( or involved in a sale) in the 80s except John Deere ,It was a very tough decade and there was too much manufacturing capacity in the industry, too much debit and high interested rates caught up with all of them

You are right but it didn't helpl.  One thing that is indisputable is JD was the better led and managed company.  Don't know if this is true or not but I read despite having record profits and sales right before the strike, their profit margins were still only half of JD

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41 minutes ago, Big Bud guy said:

JD and Cat had strikes in 79' same year IH did.  Only once company survived.  

I knew of 1988 but not ‘79 for the other two. Thanks

32 minutes ago, Big Bud guy said:

Don't know if this is true or not but I read despite having record profits and sales right before the strike, their profit margins were still only half of JD

I think you are right. Sales went up in the late 70’s. I’ve been reading about it in Lee Klancher’s Red Tractor book. I will have to post the info. 

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1 hour ago, Big Bud guy said:

You are right but it didn't helpl.  One thing that is indisputable is JD was the better led and managed company.  Don't know if this is true or not but I read despite having record profits and sales right before the strike, their profit margins were still only half of JD

 

. They were servicing huge debit with double digit interest rates which also slowed development of new products and kept profits down . You know this but it don't make as good a spin😐 just sayin

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