Government, Business, Equipment

Deere Surges With Farmers Signaling Best Year Ever

Deere equipment Luke Sharrett/Bloomberg

Deere & Co. lifted its earnings guidance above analyst estimates, with elevated crop prices and an improving farm economy signaling a record windfall for the biggest maker of agricultural machinery.

Joe Deaux and James Attwood | Bloomberg News
February 19, 2021
Government, Business, Logistics

Trucks Key to Movement of Agricultural Products, USDA Report Finds

Truck carrying grain Andrei Stanescu/Getty Images

The trucking industry is central to the country’s agriculture sector as trucks transport a significant majority of agricultural freight by tonnage, according to a report published this month by the U.S. Department of Agriculture.

Eugene Mulero | Senior Reporter
December 18, 2020
Business, Technology, Equipment, Logistics

Deere Plans to Expand in Australia, New Zealand

A farmer operates a Deere & Co. 7760 Cotton Stripper in Australia on May 28. A farmer operates a Deere & Co. 7760 Cotton Stripper in Australia on May 28. (David Gray/Bloomberg News)

Tractor giant Deere & Co. plans to expand in Australia and New Zealand, with its one-time chief economist leading the charge.

Joe Deaux and Isis Almeida | Bloomberg News
September 18, 2020
Business, Equipment

Deere Raises Outlook With Farm Demand Cushioning Downturn

Deere & Co. has increased its sales outlook for the year. A Deere & Co. combine harvester is used to harvest wheat in Kirkland, Ill., on July 17. (Daniel Acker/Bloomberg News)

Deere & Co., the largest maker of agricultural machinery, increased its sales outlook for the year as farm equipment demand remained resilient despite an “uncertain” market due to the coronavirus pandemic.

Joe Deaux | Bloomberg News
August 21, 2020
Government, Business, Logistics

Port of Los Angeles Chief Says China to Miss Agriculture Target

The Port of Los Angeles, as viewed from above. The Vincent Thomas bridge spans the main channel of the Port of Los Angeles in this aerial photograph on May 1. (Patrick T. Fallon/Bloomberg News)

The head of the U.S.’ busiest port said China is on track to buy less than one-third of the American agricultural products it promised to purchase in 2020, the first year of a trade pact between the world’s biggest economies.

Ana Monteiro | Bloomberg News
August 14, 2020
Government, Business, Safety

Agriculture Supply Chain Upended by Virus, Expert Says

Strawberries rot in field Strawberries rot in a field in Plant City, Fla. (Chris O'Meara/AP)

Disruptions to the food supply chain brought on by the coronavirus pandemic extend to farmers and their products, according to Andrew Novakovic, a professor of agricultural economics at Cornell University.

Eleanor Lamb | Staff Reporter
May 26, 2020
Business, Equipment

Deere Surges Most Since 2016 on Surprise Growth in Farm Recovery

Deere & Co. John Deere tractors are displayed during the World Agriculture Expo in California on Feb. 11. Deere & Co. John Deere tractors are displayed during the World Agriculture Expo in California on Feb. 11. (Patrick T. Fallon/Bloomberg News)

Machinery giant Deere & Co. delivered an unexpected increase in earnings and maintained its annual outlook as early signs of stabilization in the U.S. farm sector offset a slowdown in construction. Shares rose the most in three years.

Laura Yin | Bloomberg News
February 21, 2020
Business, Equipment

Deere Shares Fall; New CEO Adopts Cautious Outlook

John Deere equipment Nati Harnik/AP

Deere & Co. delivered a more cautious outlook than expected for the year ahead as simmering U.S.-China trade tensions and difficult growing conditions keep North American farmers from replacing large equipment.

Lydia Mulvany | Bloomberg News
November 27, 2019
Government, Business

US Chickens Headed to China After Beijing Lifts 5-Year Ban

Chickens in cages China bought more than $500 million worth of poultry products from the U.S. in 2013. (Charlie Neibergall/Associated Press)

WASHINGTON — China is lifting a five-year ban on U.S. poultry, a goodwill gesture at a time when the world’s two biggest economies are trying to finalize a tentative trade deal.

Paul Wiseman | Associated Press
November 14, 2019
Government, Business

Top Agriculture Commodity Traders Get Squeezed as Exports Falter

Soybeans Soybeans are loaded onto a bulk carrier ship at the Andersons Inc. grain trans-loading facility in Toledo, Ohio. (Luke Sharrett/Bloomberg News)

With U.S. grain exports expected to fall more than 20% in the 2019 crop year, Archer-Daniels-Midland Co., Bunge Ltd. and Cargill Inc. are making less money buying and selling crops.

Isis Almeida | Bloomberg News
October 28, 2019