Deere’s move arrives just weeks after rural retailer Tractor Supply ended an array of its corporate diversity and climate efforts. While the companies’ responses differed, both arrive amid a wider backdrop of conservative backlash that has been targeting companies across industries.
In its most recent quarter, Deere reported a more than 15% decline in revenue, the third straight quarter of year-over-year sales declines. Deere shares slipped 1.6% in morning trading and are down about 7.5% this year.
Farm implement manufacturers, including giant John Deere, are well on their way to deploying autonomous tractors. Prototypes are in the field now, and they could be widely available by the end of the decade. Autonomous vehicles that drive themselves may come to farm fields long before they are common on roadways. John Deere intends to
This story is a collaboration between Investigate Midwest and Watchdog Writers Group. The newsrooms are continuing to cover Farm Bureaus and their influence. Is there an aspect of the Farm Bureau you think is underreported or not getting enough attention? Please contact Sky Chadde, sky.chadde@investigatemidwest.org, or Madison McVan, madison.mcvan@investigatemidwest.org. The American Farm Bureau Federation calls itself the “Voice
John Deere workers walked off the job after the United Auto Workers union failed to negotiate a six-year contract with the tractor maker. More than 10,000 John Deere workers at plants in Iowa, Kansas and Illinois and distribution centers in Georgia and Colorado went on strike Thursday after their union contract ran out at midnight.
Dusty Spurgeon is proud to be a female farmer. She and her mother-in-law, Eloise, run Spurgeon Veggies, a small vegetable farm located in Rio, Illinois….
Higher Profits, Lower Sales For Deere In First Quarter Despite a decline in sales, profits rose for John Deere in first quarter results reported Friday morning. Profits rose four per cent to $1.63 per share, compared with $1.54 last year at this time. Worldwide sales fell four percent, to 7.6 billion dollars. For its two