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Strong Farm Sector Boosts John Deere Earnings

Strong Farm Sector Boosts John Deere Earnings

By Amanda Brodhagen, Farms.com

The green tractor giant – John Deere reported earnings and revenue higher than expected. Deere reported record third-quarter results, a 26 per cent rise in North and South American sales. The company attributes its success on the strength of the farm sector.

"Deere's success is a reflection of considerable strength in the farm sector, especially in North and South America," said Deere's CEO Samuel R. Allen.

Company shares gained more than 2 per cent in early hours trading on Wednesday, shortly after the announcement. Income rose 26.4 per cent to $996.5-million, or $2.56 a share, which is up from the same quarter last year - $788.0-million, or $1.98 a share.

Net sales of Deere increased 4 per cent for the third quarter.
 


Trending Video

Spring weed control in winter wheat with Broadway® Star (pyroxsulam + florasulam)

Video: Spring weed control in winter wheat with Broadway® Star (pyroxsulam + florasulam)

#CortevaTalks brings you a short update with Cereal Herbicides Category Manager, Alister McRobbie, on how to get the most out of Broadway® Star.

Significant populations of grassweeds, including ryegrass and brome, can threaten winter wheat yields. Spring applications of a contact graminicide, such as Broadway Star from Corteva Agriscience, can clear problem weeds, allowing crops to grow away in the spring.

Broadway Star (pyroxsulam + florasulam) controls ryegrass, sterile brome, wild oats and a range of broad-leaved weeds such as cleavers. It can be applied to winter wheat up until GS32, but the earlier the application is made, the smaller the weed, and the greater the benefit to the crop. Weeds should be actively growing. A good rule of thumb is that if your grass needs cutting, conditions are right to apply Broadway Star.

 

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