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Articles tagged under: Deere and Company

Penn Retires

Published May 7, 2020

The long-time economist J.B. Penn has retired. From 2001-to-2006, Penn was the USDA undersecretary for farm and foreign agricultural services. Penn also served as the senior staff economist for the President’s Council of Economic Advisors. For the past 14 years,…
Latest NewsAg Business

Ag Industry Represented on Administration Economic Recovery Panel

Published April 15, 2020

President Donald Trump is taking input from all sectors regarding a post-COVID-19 economy. For agriculture, Trump’s Great American Economic Revival Industry Group includes American Farm Bureau Federation President Zippy Duvall, Cargill CEO David MacLennan, Corteva CEO Jim Collins and Deere…
Latest NewsAg BusinessPolicy

Deere and Company Temporarily Stops Production in IA

Published April 2, 2020

Deere and Company stopped production at its construction equipment plant in Dubuque, Iowa. This action is happening after a worker tested positive for coronavirus. Deere says the plant is being disinfected and plans to call workers back on a staggered…
Latest NewsAg Business

Deere and Company Reports Q1 Earnings

Published February 22, 2020

Deere and Company has first quarter earnings of $517 million on first quarter revenue of $6.53 billion. Deere’s net income rose four percent on a six percent decline in net sales. Worldwide net sales and revenue are down four percent.…
Latest NewsAg Business

DeMay Retires

Published January 28, 2020

Mark DeMay, who was a product support representative for Deere and Company, has retired after 46 years on the job. DeMay worked with John Deere dealers and customers throughout the Red River Valley.
Latest NewsAg Business

True North Equipment Announces Change to Team Structure

Published January 21, 2020

Dan Gorder is now the chairman of the board and John Oncken is chief executive officer for True North Equipment. for the company. Gorder and Oncken are long-time partners in the business. True North Equipment has eight John Deere locations…
Latest NewsAg Business

Deere and Company Reports a Decline in 4Q Earnings

Published November 27, 2019

Deere and Company is reporting fiscal year 2019 fourth quarter earnings of $722 million on gross income of $9.9 billion. That's down eight percent from the fourth quarter of 2018. Fiscal year 2019 full year net income is reported at…
Latest NewsAg Business

New Deere Tractor to be Available in December

Published October 29, 2019

John Deere has introduced its new 8RX tractor for 2020. This is a four-track, fixed frame tractor is designed to have the turning characteristics of wheeled tractors the pulling performance of tracks.
Latest NewsAg Business

May is New Deere CEO

Published August 30, 2019

John May will step into the role of CEO at Deere and Company starting November 4. May, who has been with Deere since 1997, will replace the current CEO Samuel Allen. Allen will continue to serve as chairman.
Latest NewsAg Business

Deere 3Q Profits Down From Last Year

Published August 19, 2019

Deere reports third quarter net income of $899 million. That compares to $910 million in the same quarter last year. With the release of the financials, Deere CEO and Chairman Samuel Allen said the trade war and the subsequent decline…
Latest NewsAg Business
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