Deere & Co reported a lower third-quarter profit and tightened its annual profit forecast on Thursday, as U.S. tariffs dent margins on its farm equipment, sending the company's shares down six per cent.
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Deere’s quarterly profit falls as U.S. tariffs bite farm equipment margins
Satellite-supported JDLink Boost connectivity comes to Canada
Local Deere dealers will be able to set your machine up to work with the system
The JDLink Boost service, previously available in the U.S. and Brazil, is now available to farmers in Canada seeking satellite connections for their telematics-equipped farm machinery.
U.S. tariffs add big costs to John Deere’s manufacturing
Brand estimates tariffs could add up to $500 million in new costs this year
Deere and Co. expects a pre-tax impact for 2025 of just over $500 million on its bottom line, if the levels of U.S. tariffs in place as of mid-May remain over the coming fiscal year.
Deere must face FTC’s antitrust lawsuit over repair costs, US judge rules
Suite alleges Deere violated U.S. antitrust laws by controlling too tightly where and how farmers could repair equipment
Agriculture equipment giant Deere must face a lawsuit by the U.S. Federal Trade Commission accusing the company of forcing farmers to use its authorized dealer network and driving up their costs for parts and repairs, a U.S. judge has ruled.
Deere tops second-quarter estimates, trims annual profit forecast
Shares up five per cent
Deere & Co cut the lower end of its annual profit forecast on Thursday but topped Wall Street expectations for second-quarter results aided by cost-saving measures and inventory management, sending its shares up five per cent.
John Deere unveils combine and sprayer updates for 2026
The brand’s Ultimate Technology combine package provides predictive ground speed automation
John Deere pulled the wraps off a number of upgrades to its combine and sprayer lineups during the Commodity Classic farm show in March in Denver.
Deere announces independent repair tech pilot program
Company announces new ‘self-repair’ options for owners, repair shops
Deere bills its new “self-repair solutions” for owners and independent repair shops as “another significant step forward in supporting customers’ ability to maintain and repair their machines.”
A first look at John Deere’s electric tractors
John Deere unveils its prototype electric tractors and support infrastructure
John Deere brought its prototype electric tractor lineup to a vineyard in California in February, providing media an opportunity to see and operate the three prototype machines and find out more about Deere’s entire electrification project.
Agco-Deere patent dispute ends
In January a U.S. federal appeals court dismissed an appeal by John Deere of a patent infringement case against Agco. In July 2022 a Delaware jury concluded Precision Planting’s SpeedTube-vSet2 product, a high-speed planting system, did not infringe on Deere’s intellectual property. Precision Planting is an Agco brand. Agco said in a statement it’s “pleased […] Read more
Deere misses revenue estimates on subdued farm equipment demand
Outlook did not account for any impact from potential import tariffs, retaliatory tariffs company says
Deere's quarterly revenue slumped 35 per cent and missed analysts' expectations as more farmers switched to renting equipment due to weak incomes and high borrowing costs, sending its shares down nearly 4.5 per cent in morning trading on Thursday. The company said its outlook did not account for any impact from potential import tariffs by the U.S. and any retaliatory actions taken by other countries.
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