The hard reality of the 1950s and 1960s was the farm population was declining … rapidly.
The previous decade had experienced renewed interest in agriculture, as farm-boy veterans returned from war. However, the profits, so rich for farmers during the war years, leaned out as the 1950s progressed. This, in turn, forced more farmers to head to town, looking for jobs.
The farm population had been on the decline since its 1935 peak of 6.8 million operations in the United States. By 1964, that number had plummeted to about 3 million.
In those three decades, 4 million potential buyers for tractors and equipment disappeared.
Manufacturers faced a catastrophe. Half as many buyers made the marketplace a cutthroat environment.
You could innovate until the cows came home, but bigger and better engines, transmissions, and hydraulics couldn’t entice buyers who didn’t exist anymore.
This was the atmosphere faced by full-line manufacturers — firms that offered complete lines of equipment beyond tractors. The full-line ranks consisted of:
- Major manufacturers such as Allis-Chalmers, Ford, International Harvester, John Deere, and Massey Ferguson.
- Minor manufacturers that included Cockshutt, J.I. Case, Minneapolis-Moline, and Oliver.
The minor manufacturers faced considerable difficulties competing in a rapidly diminishing market against better financed major firms. Thus, the stage was set for the first wave of industry consolidation in the late 1960s and early 1970s.
Enter White Motor Corp., a truck manufacturer that had a hand in the creation of Cletrac farm crawlers. The Cletrac concern had been sold to Oliver in 1944, while White stuck to trucks until years later, when they went on a spending spree in the farm equipment manufacturing market.
First, White acquired Oliver toward the end of 1960. Oliver was made a wholly owned subsidiary of White but was operated separately.
Two years later, White Motor acquired Cockshutt, making it a subsidiary of Oliver. It was speculated that White would beef up Oliver to better compete with the other major manufacturers.
White finished its major acquisitions in 1963 by buying Minneapolis-Moline and operating it as a wholly owned subsidiary of White Motor.
White realized those three brand names had strong followings with groups of farmers, so the company capitalized by continuing to sell tractors under the three brand names until 1975 (actually, 1976 in the case of the Oliver Model 2255).
Gary Nelson
Great Engineering
White capitalized on engineering attractions in the Oliver and Minneapolis-Moline lines. Both manufacturers had strong diesel power plants. Also, Minneapolis-Moline had carved out a small separate marketplace for its liquefied petroleum (LP) gas engines.
Enhancing the deal were fairly modern tractor manufacturing plants and a well-established dealership network.
One Corporate Entity
In 1969, White Motor formed White Farm Equipment Co. to unify operation of the three companies. Immediately after this transition, virtually identical tractors and combines were marketed under the Cockshutt, Minneapolis-Moline (MM), or Oliver names and colors.
Slowly, White management integrated the Oliver and Minneapolis-Moline lines into hybrid tractors, operating with components from both lines. From 1973–1974, Oliver design exerted a greater influence over the Minnie-Mo line, so much that by the end of 1974, a Minneapolis-Moline-built tractor no longer existed. Instead, from 1973 onward, MM tractors came out of the Oliver manufacturing plant in Charles City, Iowa, using MM engines paired with Oliver transmissions.
As the integration continued, the White name was increasingly applied to the tractor line, with the Oliver 2255 (also known as the White 2255) being the last purely Oliver tractor sold. With the introduction of the White 4-150 Field Boss in 1974, the White name would be used to the exclusion of all other brands. Oliver’s clover green, Minnie-Mo’s prairie gold, and Cockshutt’s red were retired to the history books in favor of a silver coating.
White Farm Equipment (WFE) was not shy about carving out a position in the marketplace, and set out to establish itself as a major full-line manufacturer. White introduced a wide variety of Field Boss tractors — as many as 13 models were available at one time — in the ensuing years. Tillage equipment, some made by other manufacturers, was also made available to White dealers, in addition to one of the most advanced planters and largest combines of this time. This strong line of equipment started to attract new buyers, as well as existing Oliver, Minneapolis-Moline, and Cockshutt farmers.
Farm Economy Tanks
However, the boom times of the early 1970s gave way to a building economic depression for agriculture. Equipment sales began to lag in the late 1970s, placing the relatively new White Farm Equipment in a challenging position.
At this same time, White Motor Corp. also faced severe financial straits. By the 1980s, White Motor basically ran out of money and was forced to sell White Farm Equipment to a holding company. WFE changed ownership hands twice before the tractor line was sold to the newly formed Allis Gleaner Corp. (AGCO) in 1991.
Company Timeline
- 1898: Thomas H. White purchases a Locomobile steam car and discovers its boiler is unreliable. His son, Rollin, sets out to improve that design. Thus was created White Motor Corp. of Cleveland, Ohio.
- 1912: Rollin White designs his own tractor by building machines from White truck parts. When White Motor expresses no interest in producing tractors, Rollin sets out to develop his own designs and, with brother Clarence, eventually founds Cleveland Motor Plow, which later becomes known as Cletrac.
- 1944: Oliver Farm Equipment Co. acquires Cleveland Tractor Co.
- 1960: White Motor Corp. acquires Oliver.
- 1962: White Motor acquires Cockshutt, making it a subsidiary of Oliver. (Cockshutt had previously marketed tractors made for it by Oliver.)
- 1963: White Motor acquires Minneapolis-Moline, making it a wholly owned subsidiary.
- 1966: White Motor acquires the Hercules Engine Division.
- 1969: White Motor forms White Farm Equipment Co. with headquarters in Oak Brook, Illinois, merging the Oliver and Minneapolis-Moline subsidiaries. After a brief transitional period, virtually identical tractors and combines are marketed under the different trade names. Eventually, the White name is increasingly applied to the tractors, with the first instance occurring in November 1969, when White Oliver tractors are introduced to dealers.
- 1974: The introduction of the silver-painted White Model 4-150 Field Boss marks the discontinuation of the Oliver, Cockshutt, and Minnie-Mo brands. White quickly develops into a full-line manufacturer of farm equipment.
- 1976: White Motor Corp. and White Consolidated Industries try to merge, but plans fail to be completed. This puts the future of White Motor into doubt, as it had lost $69 million the previous year.
- 1980: White Motor runs out of money and files for bankruptcy. To help ease its financial crisis, White Motor sells White Farm Equipment to a Texas-based firm, TIC Investment Corp., which rebrands the firm as WFE (White Farm Equipment).
- 1985: TIC sells WFE to Allied Products. Allied, which owns the New Idea farm brand, combines it with White to create the White-NewIdea Co.
- 1985: The White combine is sold to Massey Ferguson.
- 1991: AGCO purchases the White tractor line.
- 1993: AGCO purchases what is remaining of the White-New Idea Co.
- 2001: The White name disappears from use on tractors as it is merged with the AGCO-Allis tractor line to create the AGCO tractor brand.