J.B. Penn, the chief economist at Deere & Co., said Tuesday that while there is instability around the world, economic output is expected to rise, while the labor market and even wages are rebounding.
In November, Deere announced a definitive agreement to acquire Monosem. The purchase includes the company's four facilities in France and two in the U.S.
Leasing has been the hot topic in the ag equipment market in recent months. Some dealers have expressed concerns about the potential impact on used equipment values down the road when equipment comes off lease.
LightSquared and Deere & Co. have settled a long-running legal fight over whether the wireless venture's Global Positioning System network interfered with global receivers made by the farm equipment manufacturer.
A federal appeals court on Monday upheld a decision rejecting claims of fraud by bankrupt wireless venture LightSquared and its equity owner Harbinger Capital Partners against Deere & Co and other GPS firms.
Weakness in global markets for farm and construction equipment led to declines in sales and earnings for the company for the fourth quarter and full year.
Deere & Co. is planning to announce the expansion of its operations at its plant in Horicon, Wis., by 300,000 square feet to accommodate the relocation of its Janesville, Wis., operations.
Dmitri L. Stockton, president and chief executive officer of GE Asset Management, and Sheila G. Talton, president and chief executive, Gray Matter Analytics, have been elected to the Deere & Co. Board of Directors, effective May 27, 2015.
In this episode of On the Record, brought to you by Associated Equipment Distributors, Marc Johnson, principal with Pinion, provides 4 factors that will be important for dealers to watch in 2025 that will impact their business.
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