Posts tagged "Deere & Co"

Deere Legal Battle Highlights Race for USD240 Billion Farm Tech Market

[20 June/Bloomberg] Deere & Co is suing its rival AGCO Corp. over gadgets like seed meters and hoppers that attach to planting machines. Such devices were critical to a projected USD240 billion market for precision agriculture which harnesses big data to automate operations and boost productivity. The filings were around patent-infringement complaints. AGCO said that...

Deere Reaps Results of Weak Crop Prices

[22 August/ The Wall Street Journal] Deere & Co. has seen its latest quarter profit fall by around 40 percent to USD 511.6 million as a result of weak crop prices reducing the demand for new farm equipment, while also leaving dealers with a surplus of used models. Used-equipment market consultants, Iron Solutions estimated that...