EQUIPMENT NEWS
Deere's Profit Falls 9.5%
Wed May 14, 2014 02:27 PM CDT

(Dow Jones) -- Deere & Co.'s fiscal second-quarter profit fell 9.5%, as demand for farm tractors and harvesting combines remained under pressure from farmers' increasing reluctance to buy new equipment.

Deere's profit from the quarter topped expectations as the world's largest seller of farm machinery trimmed its overhead costs and benefitted from lower taxes. But the Moline, Ill.,-based company pared its equipment sales outlook further from its February estimate, while reiterating its earlier income forecast.

After years of purchasing machinery at record volumes, farmers are taking a breather. Last year's bumper harvests of corn and soybeans in North America pushed ...

Quick View
  • Crop Tech Corner In this week's Crop Tech Corner, researchers produce orange-colored corn with sight-saving capabi...
  • Strong Immunity Wins Two weeks after calving, cows lose body condition. But if she is short on nutrients, too, that dr...
  • Russ' Vintage Iron DTN staff reporter Russ Quinn takes a look at farm life nearly a century ago.
  • Klinefelter: By the Numbers Farm lenders should halt their petty rivalry and focus on agriculture's best interest: Our nation...
  • CWA Rule Pressure The Pennsylvania Department of Environmental Protection has asked the federal EPA to withdraw the...
  • GOP Picks Conaway as House Ag Chairman The House Republican Steering Committee on Tuesday selected Rep. Michael Conaway, R-Texas, as the...
  • Head Start A Pennsylvania teen has two years of a farm-to-fork business under his belt and is looking to exp...
  • Woodbury: Farm Family Business One of the world's wealthiest families measures success not in dollars but in authenticity.
  • Ask the Vet A warning about bull breeding soundness.
Related News Stories
The Need for Speed
A Machine Shed's Second Life
Machinery Chatter
Used Equipment Prices to Fall?
Machinery Chatter
Another Headwind for Drones
Machinery Chatter
Tools Apply Inputs With Precision
Machinery Chatter
Russ' Vintage Iron