I was thinking today about all the Iron that perhaps may be on the market soon. True or not, I was informed of a large company that has been told to get rid of a large % of their fleet by next year (rumor?). Do you suppose the industry or the banks will start scraping the older equipment to bring the value up on newer models? Just a thought.

Some would say that there is an excess of iron. I like to think of it as not enough work. We don’t need to scrap pumps; we need to put them to work. There are many pumps owned by financial institutions. Some of these have been repossessed and some are still in the hands of the end user. How likely do you think it is that a bank will just write these machines off and send them to the scrap yard? The manufacturers also have stocks of these used trade ins. Do you see a day in the future where they will sell them by the pound to make way for sales of new machines? Then there are the pumps that are owned, free and clear, by companies that are in the business of pumping concrete. Are these machines going to be sold by the pound?

Just who is it that is willing to see his investment sacrificed for the greater good? If that happened, who would see the benefit?

The company will slash executive compensation up to 50%, cut many employees' pay as much as 15% and offer voluntary buyouts to its 25,000 workers.

Deere & Co., the world's largest maker of farm machinery, is closing its factory in Welland, Ont., and moving the work outside Canada by the end of 2009, costing the Ontario economy another 800 manufacturing jobs.

It will be interesting to see what the financial institutions do when sorting things out.One thing is a given,it will take time to balance work with equipment numbers.

I've noticed that there are so many newer used pumps on the market that older pumps are'nt even being advertised. Its actually pretty tough to find anything advertised thats older than 10-12 years. I know older pumps are still out there, they're just not advertised as much with all the newer equip. on the market?

TT,as I recall growing up in northern Wisconsin updating equipment meant going from a 1956 model tractor to a 1958 model.The financial instatutions created there own demise.Yes there are plenty of the older units out there but they are paid for.