Published: April 1, 2025
Financial Performance
In the first quarter of 2025, Deere & Company reported a net income of $869 million, marking a 50% decline from $1.75 billion in the same period the previous year. Net sales and revenues decreased by 30% to $8.51 billion, primarily due to reduced shipment volumes across all divisions. Production & Precision Agriculture sales dropped 37%, with operating profit down 68%.
Legal Challenges
Attorneys General from Michigan, Wisconsin, and Arizona have joined a lawsuit against Deere & Company, alleging that the company restricts farmers’ ability to repair equipment and inflates costs unfairly. They join the Federal Trade Commission and attorneys general from Illinois and Minnesota in this legal action.
Stock Market Performance
On March 31, 2025, Deere & Co. shares rose by 1.22% to $469.35, outperforming competitors. However, the stock remains 8.87% below its 52-week high of $515.05, achieved on February 19. Trading volume matched its 50-day average, with 1.5 million shares exchanged.
Trade Tensions Impact
The Quad Cities region, where Deere & Company is a major employer, is experiencing economic disruptions due to newly imposed tariffs on steel and aluminum. These trade policies have led to increased costs for raw materials and potential retaliatory tariffs from other countries, affecting local businesses and farmers.
Product Theft Incident
In Neu-Eichenberg, Germany, thieves stole a GPS receiver and touchscreen display from a John Deere tractor. The break-in occurred between March 24 and March 25, with damages estimated at approximately €4,700. Local police are seeking information from the public.
Strategic Partnerships
John Deere has announced a strategic partnership with Drive TLV, aiming to enhance its technological capabilities in agricultural and construction solutions.
