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. Deere’s Rising Costs Put Pressure on Equipment Profits

Edmund DeMarche is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – The content will be deleted within 24 hours.

Related Articles

Back to top button