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Warren Buffett Expands His Portfolio, Invests in John Deere Tractor Equipment

Buffett’s Berkshire Purchases $330 Million Worth of Shares In John Deere and Co.

By , Farms.com

One of the most successful U.S. business investors - Warren Buffett, CEO of Berkshire Hathaway recently invested in $330 million worth of shares in John Deere & Company, a well-known maker of tractors and agriculture equipment.

This move demonstrates that Buffett isn’t afraid to expand his portfolio into areas that he hasn’t traditionally invested in - like agriculture. 

Deere’s net income was at $3.07 billion for the full fiscal year- however it fell short of expectations of an estimated $3.12 billion– which can largely be attributed to unexpected cost increases. Deere shares have been trading $82 to $85 which is just short of its record high of slightly under $90 a share.


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Brent Avalanche 98-Series Dual Auger Grain Carts

Video: Brent Avalanche 98-Series Dual Auger Grain Carts


The Brent® Avalanche® dual-auger grain carts have set powerful standards for unloading speed, convenience, capacity and durability. The all-new 98-Series of Avalanche grain carts carry on this tradition and give the operator more auger side reach and height along with choice of right- or left-hand unloading to meet individual preferences. The dual-auger design provides a narrow transport width and low profile for greater stability and ease of transport and features the fastest unloading speeds, no matter the moisture of grain. In addition to the industry’s first pivoting vertical unloading auger, the 98-Series is standard with a 4-way directional downspout that is operated on the tractor’s SCV remotes. The all-welded construction, rubber cushioned tongue suspension and heavy-duty dual-belt drive system ensure years of dependable service. Capacities range from 3,150 to 1,100 bushels and with unloading speeds up to 1,000 bushels per minute depending on model, operators can get back to the combine quicker to keep harvest moving smoothly. Bigger, faster, better. The Avalanche 98-Series dual-auger grain carts feature dynamic performance that now pivots to new heights.