Deere’s Rising Costs Put Pressure on Equipment Profits

Deere & Co. raised its profit forecast for the year, while rising raw materials and spare parts costs continue to weigh on the farm equipment maker’s profit margin.

The Moline-based company, the largest supplier of farm machinery in the US, said continued high crop prices are making farmers interested in buying tractors, harvesters and other equipment, though costs of seeds, fertilizers and other supplies are higher.

https://www.wsj.com/articles/deere-profit-rises-despite-supply-chain-challenges-11653047475?mod=pls_whats_news_us_business_f Deere’s Rising Costs Put Pressure on Equipment Profits

Edmund DeMarche

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