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: Evidence-Based PRRS Elimination Methods - Dr. Brent Pepin

In this episode of The Swine it Podcast Show, Dr. Brent Pepin, Director of Swine Health at the National Pork Board, explains how a systematic review of porcine reproductive and respiratory syndrome virus elimination methods is helping shape future herd health strategies. He discusses evidence-based farm and regional approaches, research gaps, and practical guidance to support informed decision-making across the swine industry. Listen now on all major platforms!

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"Disease status sharing gives producers the opportunity to make real-time decisions that reduce PRRS prevalence and protect regions from new exposure."

Meet the guest: Dr. Brent Pepin / brent-pepin-dvm-ms-7988066b is Director of Swine Health at the National Pork Board. After earning his DVM and M.S. from Iowa State University, he built extensive experience in swine veterinary practice, research, and herd health management. His current work focuses on disease control, traceability, and improving herd health across the U.S. swine industry. Listen to Brent Pepin on The Swine it Podcast Show, available on all major platforms.