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Stock Market & Financial Investment News

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February 12, 2014
07:11 EDTDEDeere sees farm incomes lower in 2014 than in prior year
Deere's worldwide sales of agriculture and turf equipment are forecast to decrease by about 6% for fiscal 2014. Although farm incomes are expected to remain at healthy levels in 2014, they are forecast to be lower than in the previous year. In Deere's view, the decline will have a dampening effect on demand, especially for larger models of equipment. Partly as a result of these factors, industry sales for agricultural machinery in the U.S. and Canada are forecast to be down 5%-10% for the year, with the decline mainly reflecting lower sales of high-horsepower tractors and combines. In the U.S. and Canada, industry sales of turf and utility equipment are expected to be up about 5% for 2014 as a result of improved market conditions.Full-year industry sales in the EU28 are forecast to be down about 5% due to lower crop prices and farm incomes. In South America, industry sales of tractors and combines are projected to be down 5%-10% from strong 2013 levels. Industry sales in the Commonwealth of Independent States are expected to be down slightly for the year, while Asian sales are projected to be up slightly.
News For DE From The Last 14 Days
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September 30, 2014
10:55 EDTDEDeere management to meet with Jefferies
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September 28, 2014
19:23 EDTDEThis harvest could be trouble for Deere, Potash, Monsanto, Barron's says
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September 23, 2014
11:33 EDTDEDeere to review strategic options for crop insurance business
Deere & Company announced it will review strategic options for its crop insurance business, which underwrites policies through John Deere Insurance Company, a business unit within John Deere Financial. Deere said no formal decisions have been made and no agreements have been reached concerning the company's crop insurance operations. Citi has been retained as exclusive financial advisor to assist in the initiative. Effective risk management remains an important factor in successful farm operations, Deere noted. John Deere will continue to design, manufacture and offer technology, equipment and services in its precision agriculture offerings that enhance farming operations for customers.

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