Home > News > Deere & Co. Sets New Earnings Record, Beating Out Former 2013 Figures

Deere & Co. Sets New Earnings Record, Beating Out Former 2013 Figures

Posted August 26, 2021
in Top Ag News

Tractors in Dealer LotDeere & Co. officials, recently reported very positive third-quarter earnings results — earning more in the first nine months of its 2021 fiscal year than its previous whole record year in 2013. The company listed those net income comparisons as $4.7 billion versus $3.5 billion respectfully. Analysts are citing higher crop prices as the biggest demand driver for Deere agricultural equipment. New home construction and other infrastructure trends also increased Deere equipment sales. See how Deere has adjusted it’s forecasts for the months ahead.

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