Deere Q4 Earnings Exceed Wall Street Expectations
Deere & Company reported net income of $2.246 billion for the fourth quarter ended Oct. 30, 2022, compared with net income of $1.283 billion for the quarter ended Oct. 31, 2021.
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New CFO for Deere
Deere & Company announced that its Board of Directors elected Josh Jepsen, 44, as Senior Vice President and Chief Financial Officer.
Read moreDeere Reports Q3 Results
Deere & Company reported net income of $1.9 billion for the third quarter ended July 31, 2022, compared with net income of $1.7 billion, or for the same quarter last year.
Read moreDeere Announces Senior VP & Chief People Officer
Deere & Company has announced former BorgWarner and Ford Motor Company executive, Felecia Pryor will join its senior leadership team as Senior Vice President
Read moreIAM Begins Negotiations With Deere On A New Contract
Deere begins contract negotiations with union at Horicon Works.
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Gates Gives Deere Stock to Foundation
Co-founder of Microsoft Corp. transferred more than 3 million shares of Deere stock to the foundation on Thursday from Cascade Investment LLC
Read moreDeere Moving More Production to Mexico
Deere has announced it will move mower conditioner production from Ottumwa to Mexico by the end of 2023.
Read moreJury Rejects Deere Lawsuit Against AGCO Over Patents
Federal court found that AGCO Corp’s planting equipment did not infringe two patents owned by agriculture-industry rival Deere & Co.
Read moreDeere Moving Tractor Cab Production to Mexico
Deere & Co. moving tractor cab production from Waterloo plant to Mexico . . . “given a tight labor market”
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Court Consolidates Deere Right-to-Repair Cases
Majority of class-action lawsuits brought against John Deere over the right to repair farm equipment will be heard by a federal court in Illinois
Read moreDeere – GUSS Joint Venture
On the heels of announcing a joint venture with SureFire Ag Systems, Deere has announced a joint venture with GUSS Automation.
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Deere Responds to Right-to-Repair Suits, Farmers Continue Pressure
Deere shareholders asked executives during a recent meeting how the company plans to address these challenges.
Read moreDeere Buys Battery Developer, Connectivity Platform
Kreisel Electric will retain its brand and continue to operate in Austria. AgriSync will sunset its brand and focus exclusively on the Deere-branded version of its product.
Read moreDeere to Expand IT Workforce
Deere will add 150 IT jobs at a new office in Chicago with a goal of hiring 300 people to support IT and other roles.
Read moreDeere CEO Named to Seat on Ford Board
John May’s appointment expands Ford’s board to 15 members.
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Impact of Deere Strike Appears Minimal in Earnings
The five-week strike that straddled the end of a fiscal year and start of another likely cut Deere’s production by 10 to 15 percent, but earnings remained strong.
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UAW Members to Vote on Third Deere Contract Offer
Union members will vote on the contract Wednesday. The latest agreement is Deere’s “last, best and final offer,” a UAW spokesperson said.
Read moreDeere Workers On Strike
Some 10,000 unionized workers at Deere & Company went on strike early Thursday after overwhelmingly rejecting a contract proposal worked out
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Deere, UAW Reach Tentative Agreement
The current contract expired Friday morning, but a contract extension was approved in the overnight hours so work could continue as negotiations did.
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Deere Forecasts Big Jump in Large Equipment Sales
In small agriculture and turf, net sales increased by 32 percent, and operating profits climbed 73 percent.
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Deere, UAW Begin Negotiations
The current six-year master agreement covers approximately 10,100 production and maintenance employees at 12 Deere facilities.
Read moreDeere Buys Bear Flag
Deere wants to have driverless tractors in the field over the next year and is “effectively in market with real customers today.”
Read moreSingle Store Dealer Reacts to Deere Termination
In a letter to his community, the owner of Tri-County Equipment explained Deere’s departure from his lot and looked to the future.
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Deere Expands in Africa
The company seeks to benefit from a rollout of infrastructure and urbanization across the continent.
Read moreDeere to Close Remanufacturing Plant
John Deere is consolidating its remanufacturing facilities and will shut down a Canadian plant later this year.
Read moreDeere to Support Wiedenmann Aeration
Deere’s golf and sports dealer network will sell and support the Wiedenmann line of aeration solutions.
Read moreDeere Sues Kinze, Ag Leader
An agricultural engineering field specialist says the Ag Leader-Kinze high-speed planter is not identical to Deere’s but it relies on a similar system to discharge the seeds.
Read moreDeere Recalls Rotary Tillers Manufactured in India
(RTTNews) – John Deere, the brand name of machinery manufacturer Deere & Co., has recalled Frontier model rotary tillers citing
Read moreDeere Buys Software Firm
Harvest Profit, which produces software to help farmers analyze their data and better understand the financial outcomes, will retain its brand name.
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Kinze Challenges Deere to a Planting Contest
Kinze President Susanne Veatch has invited Deere to a planter race. The winner gets bragging rights. The loser donates to Habitat for Humanity.
Read moreAssociation of Black Farmers Persists in Deere Boycott
Deere responded to allegations of unfairness with a statement detailing its contributions to equality and an announcement of a new coalition, but that did not diminish the resolve of the NBFA.
Read moreDeere to Expand in Australia, New Zealand
Deere’s business in Australia, New Zealand, Asia, Africa and the Middle East accounts for almost 10 percent of the company’s total revenue.
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Former Deere Exec Joins Ford
The Deere exec who led efforts to deliver artificial intelligence on the farm has joined Ford. He and the new CEO want Ford’s commercial customers to regularly pay for services, creating a revenue stream that flows throughout the vehicle’s life.
Read moreDeere’s Lagemann Elects to Retire
The senior vice president of Ag &Turf will retire Oct. 31. Succeeding him will be Dave Gilmore, a 30-year veteran at Deere.
Read moreBell Equipment Will Stop Exclusively Selling Deere
Bell will cease to distribute Bell-branded equipment built by Deere. It also will transition to a non-exclusive dealer arrangement with Deere.
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Deere Announces Employee Buyouts, New Leaders
Deere last week rolled out another voluntary severance program for U.S. salaried employees. Some positions are exempt, such as workers in precision ag, data and analytics, and IT departments.
Read moreDeere Announces New Model, Leadership Changes
Deere has announced a new operating model and a series of leadership changes to support the model.
Read moreSales Fall in Deere’s Second Quarter
The loss of potentially $1 billion in net income is a microcosm of how the pandemic is impacting the agriculture supply chain and farmers.
Read moreDeere Reports 2Q Results
Agriculture & Turf sales down 18% from same quarter last year Forecast to decline 10 to 15 percent for fiscal
Read moreDeere Pauses Production, Lays Off Workers
The pause in production is expected to last 15 days. It is the result of disruption in the supply chain and weakened demand.
Read moreFarm Equipment Makers, Related Industries React
Deere, AGCO, CNHI, and Alamo have reacted to the pandemic by temporarily shuttering overseas operations. Domestically, there is news of layoffs and plant closures resulting from employees testing positive.
Read moreDeere Suspends Operations in Brazil
Deere & Co. is halting production in agricultural behemoth Brazil as the coronavirus outbreak erodes sales for the world’s biggest
Read moreDeere Reports Earnings, Allen Resigns as Board Chair
Deere recently reported better-than-expected fiscal first-quarter results and said the U.S. farming industry is showing signs of improvement.
Read moreCNH, Deere Announce Layoffs
Deere plans to lay off 42 workers in Waterloo, Iowa. The Case New Holland plant in Fargo, N.D. is laying off 35 people.
Read moreAllen elects to retire as Deere Board chairman
After a 45-year career, Samuel R. Allen has elected to retire May 1 from his current position as chairman of the Deere &
Read moreDeere Reports 1Q results – Says ‘farmer confidence, though still subdued, has improved’
Deere’s agriculture and turf division fell 4 percent from the year prior to $4.49 billion during the three months through Feb. 2.
Read moreDeere Downsizes at Construction, Forestry Plant
John Deere Dubuque Works announced Friday that it will lay off 105 employees.
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Jury Awards $5 Million to Widow in Tractor Fatality
A jury in Oklahoma recently awarded a woman $5 million in a civil suit claiming her husband’s death in a tractor accident was the equipment manufacturer’s fault.
Read moreDeere Discusses Plan to Boost Profits
Deere & Co. last week said it will cut costs and ramp up investment in data-driven agriculture technology and its services business to make itself more profitable. The company is also reviewing its overseas footprint in markets that have peaked or over-invested.
Read moreDeere Reduces Workforce
Deere recently announced indefinite layoffs amid demand woes.
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