Why is farm equipment interest rate sensitive? How could this represent a “double-whammy” for Massey Ferguson? Why does Massey Ferguson use debt to fund itself as opposed to alternatives (namely, equity)?

Massey Ferguson’s financing strategy

– Why is farm equipment interest rate sensitive?

– How could this represent a “double-whammy” for Massey Ferguson?

– Why does Massey Ferguson use debt to fund itself as opposed to alternatives (namely, equity)?