John Deere Settles Foreign Bribery Case with $9.9 Million Agreement

Sep 19, 2024

Deere & Company has agreed to pay $9.9 million to settle charges from the Security and Exchange Commission alleging that the company violated the Foreign Corrupt Practices Act, which prohibits U.S. companies from paying foreign government officials to aid in acquiring business.

The SEC concluded that Deere was in violation of the FCPA's record keeping policies and Deere & Company agreed to the SEC's order to cease and desist from further violations of the FCPA. The $9.9 million is a result of 2 separate payments — $5.4 million which the company is alleged to have profited from the scandal as well as $4.5 million in additional civil penalties.

Despite calls from various organizations for top Deere officials to resign, the terms of the $9.9 million settlement do not include any acknowledgement of fault or denial of guilt from Deere.

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Video: Overview of Massey Ferguson's DM Series Triple Mowers

Lucas Dickerson with Massey Ferguson provides an overview of its DM Series Triple Mower, a high-performance mowing solution designed for efficiency, durability, and versatility in hay and forage operations.

This model features an overall working width of 32 feet, with a 12-foot front mower, allowing operators to cover more acres in less time. Built for productivity, it combines proven cutting technology with operator-focused innovations to ensure consistent, high-quality results in every field.

Key features:
>> RazorEdge Cutter Bar is shared with Massey Ferguson’s pull-type mowers for part commonality—farmers can use the same knives, turtles, and components across multiple machines.
>> Herringbone steel-on-steel conditioning rolls provide an industry-exclusive feature that delivers optimal crop crimping performance across a variety of forages.
>> Available with or without ISOBUS capability to accommodate different tractor configurations and customer needs.
>> Front and rear mower suspension provides a smooth ride and consistent cut, while ISOBUS-equipped units allow on-the-go suspension adjustments for better ground following.
>> Simplified part interchangeability means less downtime and lower ownership costs.

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