Strong Farm Sector Boosts John Deere Earnings

Aug 15, 2013

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.

Video: Air Command Section Control for Pro-Force Spreaders

This patented section control system uses air to divert material on to different areas of the spinner disks for precise 4-section control, for an economical design by eliminating the need for added conveyor belts or movable spreader components. The section control uses the Raven RCM ISOBUS controller and a customer’s field boundary and coverage map to automatically turn off any of the four sections at any time to avoid applying valuable fertilizer in areas where it’s not needed.

This results in fertilizer savings which means more money in your pocket for a maximum Return On Investment. The powerful blower fan sends air through a 4-section manifold while the conveyor automatically speeds up or slows down as sections are turned on or off for consistent and precise fertilizer application.

• The revolutionary patented Air Command section control utilizes a pneumatic system to accurately place fertilizer onto the spinner disks to give you individualized 4-section control of your spread pattern.

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• The new Air Command section control option is available on pull-type models 2250 and 1850 with the new PTO drive system, and on 1450, 1250 and 1050 pull-type models with standard single hydraulics.

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