Deere News Updates

The public inquiry seeks to address complaints from farmers that they “face other barriers to acquiring agricultural equipment and the services required to keep equipment operating.”

The chatbot can help leverage data specific to growers’ fields, with information collected when crops are being planted, treated or harvested. 

More growers are sending equipment to the auction block, and the market has been so starved of equipment that buyers are absorbing the new supply and bids are staying strong.

Deere estimated net income for the fiscal year between $4.75 billion and $5 billion, compared with its previous outlook for $4.5 billion to $5 billion.

The deal would settle a 2022 lawsuit that accused the company of withholding repair software and conspiring with dealers to force farmers to use their services.

The increased optimism comes as Chicago soybean prices have been rising amid a revival of U.S. exports to China and greater clarity expected soon around U.S. biofuels policy in 2026.

The world’s biggest farm machinery maker said in a statement to Bloomberg that it “has kept focus on supporting our customers and helping them build for the long haul.” 

The weak outlook for the maker of iconic green and yellow tractors comes as farmers have been hit hard by low crop prices and President Donald Trump’s tariff policies.

The world’s biggest farm machinery maker pared its full-year earnings outlook with lower grain prices curbing farmers’ spending.

World farm machinery leader John Deere said the agriculture economy is finally showing signs of turning around, although looming tariffs could upend the nascent recovery.