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Strong Farm Sector Boosts John Deere Earnings

Strong Farm Sector Boosts John Deere Earnings

By Amanda Brodhagen, Farms.com

The green tractor giant – John Deere reported earnings and revenue higher than expected. Deere reported record third-quarter results, a 26 per cent rise in North and South American sales. The company attributes its success on the strength of the farm sector.

"Deere's success is a reflection of considerable strength in the farm sector, especially in North and South America," said Deere's CEO Samuel R. Allen.

Company shares gained more than 2 per cent in early hours trading on Wednesday, shortly after the announcement. Income rose 26.4 per cent to $996.5-million, or $2.56 a share, which is up from the same quarter last year - $788.0-million, or $1.98 a share.

Net sales of Deere increased 4 per cent for the third quarter.
 


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Exploring Precision Data in Swine Production - Dr. Janice Siegford

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In this episode of The Swine it Podcast Show, Dr. Janice Siegford from Michigan State University discusses how precision livestock farming data can support pig health, welfare, transparency, and decision making. She explains why data ownership, privacy, consumer perception, and cost sharing must be addressed as technology becomes more common on farms. Listen now on all major platforms.

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