(Reuters) — Deere and Co. forecast 2024 profits below analysts’ expectations, saying high borrowing costs and tighter budgets will likely dent demand for the farm equipment maker’s agriculture and construction machinery. Deere predicted a downturn in agriculture and construction equipment sales across all of its regions for the fiscal year ahead, validating analysts’ concern that […] Read more
Tag Archives John Deere — page 4
Slope adjustment can reduce grain losses
John Deere recently announced new innovations to its combine lineup at the Agritechnica machinery show in Germany. John Deere showed three new technologies available now or will be available soon. Harvesting grain, especially small grains, on slopes challenges getting the grain cleaned as it floats toward the down-slope direction. John Deere has its Hillmaster line […] Read more
The Western Producer invites you to celebrate 100 years, and WIN BIG!
Complete fun challenges every day for 100 days within The Western Producer’s 100th Anniversary Daily Challenge app for chances to win. This year, The Western Producer marks 100 years of serving Western Canadian farm families with ag news, information and farm life content. The celebrations continue with the launch of The Western Producer 100 Daily […] Read more
Deere beats expected profits
REUTERS — Deere & Co. breezed past Wall Street estimates for third-quarter profit Aug. 18 and raised its full-year guidance, but investor concerns over slower sales sent shares down as much as five percent. The Moline, Illinois-based company posted a 60 percent rise in quarterly profit, yet investors seemed unimpressed and shares slumped for the […] Read more
VIDEO: Seeding demos at Ag in Motion
Ag in Motion 2023 continued to make equipment demonstrations a central part of its presentation to farmers. Not only can they kick the tires on a machine of interest, they can actually see how it performs compared to other competitors. That definitely helps inspire confidence when making a buying decision. This year the show again […] Read more
