William Blackie, 61, board chairman of Caterpillar Tractor Co., stood in shirtsleeves under a light rain last week, watching a giant yellow tractor rumble through dense woods near Peoria, 111. As the machine darted and bucked, its blade ripped into an expanse oi full-grown oak trees, toppling them like so many toothpicks. Within 40 minutes, an area the size of a football field was cleared for farming. "Our machines are kind of dramatic," allowed Blackie, and the 50 other spectators could only agree. On hand for a three-day land-development conference sponsored by...
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