John Deere:

Make sense of the following: "The one$-$time blacksmith shop has become a kind of bank $-$ at least, operating income from the Deere Captive finance unite, John Deere Capital Corp., has grown to eclipse the earnings from shrinking equipment sales. Of overall operating income in the three months to Jan. $31$ ag and turf sales chipped in $$144$ million, or $35\%$; financing activity, $$194$ million, or $48\%.$ As recently as fiscal $2013,$ the respective contributions to operating income were $79\%$ and $15\%."$

Grant's Interest Rate Observer March $11,2016$