Buffett Unloads Deere Stock

Warren Buffett’s Berkshire Hathaway has disclosed its latest stock holdings as of Sept. 30, 2014 with the SEC. While the value of its portfolio was unchanged at $108 billion relative to the end of June, and it continued to hold 46 stocks, there were still a number of changes to note.

One of them is that the SEC report shows that Berkshire Hathaway sold its entire $360 million stake in Deere & Company. Buffett offered no explanation regarding any of the moves.

Thanks to falling crop prices, Deere’s agricultural segment has begun to struggle, according to The Motley Fool, and for the full year 2014, Deere anticipates its sales will fall by 6% and its net income will drop by 12%.

While John Deere was just the 31st largest holding of Berkshire Hathaway at the end of June, this may have been enough news for Berkshire to unload its Deere shares. S