Deere Reports 2019 Sales Increase

Dan Industry News Release

(NAFB) — Deere & Company reports worldwide net sales and revenues increased five percent in both the fourth quarter and full year of 2019 to $9.8 billion and $39.2 billion. Deere reported fourth-quarter net income of $722 million, compared with net income of $785 million, in 2018. Agriculture and Turf sales increased for the quarter and full year of 2019 …


Deere Files Copyright Infringement Lawsuit Against Precision Planting, AGCO

Dan Industry News Release

Deere & Company announced it has taken legal action against Precision Planting LLC and AGCO Corporation, claiming that the companies have infringed on 12 John Deere patents. The Deere patents, according to a company news release, relate to several of the “unique and inventive” aspects of John Deere planting equipment, many of which are “embodied in the state-of-the-art technology” Deere …


John Deere Raising Prices to Cover Steel Costs

Dan Economy, Industry News Release

Deere & Company is raising equipment prices in order to protect profits as costs rise. The farm and construction machinery manufacturer says profits were up 50 percent and equipment sales were up 34 percent annually in its latest quarter. However, a Dow Jones report says those numbers disappointed analysts. Deere’s share rose nearly six percent as investors are focusing on …