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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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October 12, 2015
15:38 EDTDEDeere reports September U.S./Canada utility tractor sales down more than 13%
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October 8, 2015
09:30 EDTDEDeere and DN2K form joint venture SageInsights to serve agriculture industry
Deere and DN2K have agreed to form SageInsights - a joint venture to initially serve the agriculture industry with further development of DN2K's existing cloud software platform, MyAgCentral, for agricultural retailers and others who provide consulting services to growers. The two companies will integrate DN2K's MyAgCentral with the John Deere Operations Center utilizing the available Deere API. This connection will make the data management tools of both platforms available to producers and their trusted advisers and enhance their capability to make business decisions with expanded knowledge of crucial information.
October 7, 2015
09:38 EDTDESenate Commerce, Science & Transportation Committee to hold a hearing
The Committee holds a hearing entitled, "Removing Barriers to Wireless Broadband Deployment" with Senior Vice President Reed of Deere & Co., and Vice President Morrison of Ericsson on October 7 at 10 am. Webcast Link
October 4, 2015
19:10 EDTDEDeere says UAW members ratify six-year labor agreement
Deere announced that it has been notified by the UAW that its members have ratified a new six-year master labor agreement with the company. Deere and the UAW had previously reached a tentative agreement October 1 that required a ratification vote by UAW members at John Deere facilities. Terms of the agreement will not be made public, the company noted. The master agreement covers manufacturing employees at various John Deere facilities in Iowa, Illinois, and Kansas.
October 1, 2015
05:37 EDTDEDeere announces tentative agreement with UAW
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