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
  • Stay on Top of SDS The distinctive yellow patches of sudden death syndrome (SDS) are surfacing in soybean fields acr...
  • Ample Stocks Ahead Drought recovery in many areas has led to higher stocks, brighter production prospects and modera...
  • Precision Ag Potential Pending Precision agriculture proponents insist the industry can revolutionize agriculture, but first mor...
  • Cash Rent Reset - 2 Iowa farmland owners Fred and Lodean Cook may consider flexible cash leases for the first time th...
  • Iowa Land Gets a Bounce Key Midwest land values are stuck in neutral or sliding below 2014 levels, recently released opin...
  • Canadian Dairy Conundrum Coping with Canada's dairy industry import tariffs and supply controls remains one of the stickin...
  • Klinefelter: By the Numbers Deteriorating profit margins flip the fortunes of big renters and conservative owner-operators. I...
  • Training for Sustainability The Hmong American Farmers Association is helping producers who migrated to the United States fol...
  • Ask the Vet What are these crusty scabs on my cattle?
Related News Stories
Machinery Chatter
Load ATV and Cargo, Too
A New Field of Dreams
Machinery Chatter
Get Grain Carts Ready for Harvest
Machinery Chatter
Precision Ag Potential Pending
Machinery Chatter
Soil Sampling Gets Up to Speed
Machinery Chatter