- John Deere named one of the best global brands
- John Deere Iowa factory celebrates its 100th anniversary
- John Deere encourages children to carry on the tradition of farm life
- University expansion gives John Deere the chance to gain a new facility
- Illinois students become familiar with the most up-to-speed farming equipment
- A tractor museum in North Dakota features unique John Deere tractors
- John Deere antique clock keeps tabs on the company's dedication to farm life
- High school agriculture students get a sample of groundbreaking equipment
- John Deere plays its part in Perryville's Old Timers' Day event
- Renovations are being performed in Moline to maintain the John Deere heritage
John Deere boosts the profit margin for wheat farmers
Posted by Green Fun Store on 4/20/2011 to Farm Lifestyle
One cause of the recent economic downturn was our nation's reliance on foreign exports, which hindered the productive capacity of our domestic manufacturers. The farming industry was hit particularly hard by this dilemma. However, Barack Obama and other political leaders have made it their goal to double the amount of exports in the coming years. Wheat farmers are now generating record-breaking income throughout the country, which means that equipment suppliers like John Deere are experiencing an increase in profit margins.
According to Bloomberg News, the largest wheat-growing states - such as North Dakota - are witnessing the lowest unemployment rates in decades. By the end of this year, the United States as a whole will control 28 percent of the world's wheat supply, which is a 10 percent boost from last year. Impoverished countries of Africa and the Middle East depend on wheat imports, which provides the United States with an opportunity to expand their exports.
As a result of these improvements, Classic John Deere will report a 42 percent rise in profit this year. Thanks to the sophisticated machinery of the major tractor manufacturer, farm life will be much easier, especially now that one of the most highly demanded crops is on the rise.