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Green Fun Store News

Increased productivity means profitability for John Deere

Posted by Green Fun Store on 5/11/2011 to Current News/Events of John Deere
As the world emerges from the recent recession, the global market is steadily improving. The United States is increasing its foreign imports, especially when it comes to farming equipment. Reaching the customer base of under-developed countries, where the demand is sky-high, is the best way for manufacturers to expand their profit margin. Classic John Deere is among the major companies that are experiencing exponential growth at the helm of increased productivity.

According to the U.S. Department of Labor, productivity for manufacturers rose 6.3 percent in the first quarter of 2011, which included a 4.7 percent increase within the last four quarters. "[Companies like John Deere] have emerged quite strongly and are able to benefit not only from domestic recovery, but the global strength of markets," Investment analyst Eli Lustgarten told Bloomberg.

With the rise of crop production and the necessary boost to farm life, the demand for John Deere products is steadily climbing. Another factor that benefits the major equipment manufacturer is the increase in domestic construction projects, which calls for more equipment and used machinery.