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: Research in Action | Swine Cluster 4 - Activity 8: Precision Feeding with Dr. Aline Remus

Research in Action is a video series from Swine Innovation Porc that highlights the people and projects driving innovation in Canada's pork sector.

In this episode, Dr. Aline Remus (Agriculture and Agri-Food Canada) explains how precision feeding is helping producers improve efficiency, reduce feed costs and lower environmental impacts while supporting animal health and welfare.

As part of Swine Cluster 4 - Activity 8, this research is advancing precision livestock farming by tailoring nutrition to the needs of individual pigs or groups of pigs. The project aims to reduce feed costs, decrease greenhouse gas emissions and nutrient losses, and develop practical precision feeding systems that producers can confidently adopt on-farm.

By bringing together researchers from across Canada and around the world, this work is helping transform innovative research into practical solutions for a more sustainable and competitive Canadian pork sector.