The tit-for-tat retaliatory policies are feared to hit U.S. farm exports, exacerbating the troubles of farm equipment makers, which have been battling weak domestic demand for the past 4 years.
The 25% tariffs, which U.S. President Donald Trump announced last month along with a 10% tariff on aluminum, could raise steel prices by 30% and may prompt the company to switch materials, says Samuel Allen, Deere & Co. Chairman and CEO.
Deere's $5 billion-plus acquisition of the German company Wirtgen Group, the largest in the company's history, supports its aim for achieving more global scale in construction equipment.
The state of North Dakota will appeal a federal judge's recent ruling preventing it from implementing a new law that supporters dubbed a "farm equipment dealer bill of rights."
On Thursday, Dec. 14, 2017, Judge Daniel Hovland, U.S. District Court for the District of North Dakota, granted the Assn. of Equipment Manufacturers’ request for Preliminary Injunctive relief, which restricts the application of SB 2289 until the case can be fully litigated.
A Gold Key Tour for a Florida family and delivery of their new 8245R John Deere tractor — the first 2018 tractor made in Waterloo, Iowa — has kicked off a series of events to celebrate the 100th anniversary of John Deere entering the tractor business.
Deere & Co. will make a $1 million cash donation to support Habitat Hammers Back, a long-term recovery initiative organized by Habitat for Humanity International to help repair and rebuild communities ravaged by Hurricanes Harvey, Irma and Maria.
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