Strong Earnings for John Deere
Deere and Company reports fourth quarter net income of $2.2 billion and $7.1 billion for the fiscal year. Fourth quarter income was supported by a 40 percent increase in net sales.
Articles tagged under: Deere and Company
Rose to Oversee Deere Logistics and Supply Management
Deere & Company appointed Justin Rose as its president of lifecycle solutions, customer support and supply management. Rose succeeds Marc Howze who will become senior advisor to the Office of the Chairman. Rose is joining Deere from Boston Consulting Group,…
Right-to-Repair Lawsuits Consolidated
A federal judicial panel has consolidated nine of 12 lawsuits filed against John Deere and the right-to-repair issue. Forest River Farms in North Dakota is one of the cases that are part of this class-action lawsuit.
The Next Step for Autonomous Tractors
John Deere is taking the next step in its development of autonomous farm equipment. Deere purchased a company the specializes in depth sensing and camera-based perception called Light. Light’s platform, Clarity, will be integrated into the John Deere autonomous tractors.…
Strong Demand for Deere
Deere and Company is reporting net second quarter income of $2 billion. That’s up from $1.8 billion in the same period last year. Sales rose 11 percent despite supply chain pressures. Deere officials said the outlook for farm equipment sales…
For the Farmers
John Deere and Busch Light launched a ‘For the Farmers’ campaign. Cases of Busch Light sold through July 3 will feature a farm scene. A John Deere tractor is part of the artwork. This partnership will support Farm Rescue.
Farm Organizations File Complaint Against Deere
The National Farmers Union, six state Farmers Union groups and FarmAction have filed a complaint against John Deere with the Federal Trade Commission. This coalition is seeking an investigation into Deere’s restrictions on farm equipment repair. The ‘right to repair’…
Deere 1Q Earnings Beat Wall Street Expectations
Deere & Company is reporting quarterly net income of $903 million, down from $1.2 billion in the same quarter last year. Farm equipment sales rose six percent. The price tag for John Deere equipment has increased to offset supply chain…
Right-to-Repair Issue Goes to Court
A Forest River, North Dakota farm is suing John Deere over the right to repair their own equipment. Forest River Farms is the plaintiff in this proposed class action lawsuit, which claims John Deere dealerships are not able to sell…
Deere Introduces Autonomous Tractor
John Deere’s fully autonomous tractor will be available to farmers later this year. The tractor made its debut at a huge consumer technology show Tuesday in Las Vegas. Deanna Kovar is the vice president of Deere’s precision agriculture business and…
