- 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
Posted by Green Fun Store on 2/16/2011 to Current News/Events of John Deere
Corn, wheat and soybeans are also rising in value and have helped U.S. farmers to reap hefty profits during the past year. Farmers are increasingly investing in new farm equipment as they look to expand their operations to keep up with burgeoning demand for their goods. Moreover, rising inflation since the beginning of this year has pushed John Deere to raise its outlook for 2011.
Oliver Pursche, the president of Gary Goldberg Financial Services, told Reuters that Deere "continues to do a great job at innovating and coming out with new products that are going to position them in Latin America, Asia and emerging markets." Deere has done "a great job at improving efficiencies and margins, not just through cost-cutting," he affirmed.
Deere earned $514 million in the first quarter ended January 31 - up from $243.2 million the year prior; sales also jumped 27 percent to $6.12 billion as machinery sales in the U.S. and Canada surged.