Articles by Rajesh Kumar Singh | Alberta Farmer Express

Deere bets on cost cuts, services push to boost profits

By Rajesh Kumar Singh January 8, 2020

Chicago | Reuters — Deere and Co. on Wednesday said it will cut costs and ramp up investment in data-driven agriculture technology and its services business to make itself more profitable. In a pitch to investors, CEO John May said the measures are expected to boost operating profit margin to 15 per cent by 2022 […] Read more

Crops, Machinery & Shop, Reuters

Deere to lay off 163 U.S. workers as trade war dents demand

By Rajesh Kumar Singh October 1, 2019

Chicago | Reuters — Deere and Co. on Tuesday announced indefinite layoffs for 163 U.S. manufacturing workers at plants in Illinois and Iowa that make agricultural, forestry and construction equipment, citing decreased customer demand. The layoffs come week after the company said it would reduce production by 20 per cent at its facilities in Illinois […] Read more

General, Machinery & Shop, Reuters

Deere plans price increases to offset rising costs

By Rajesh Kumar Singh May 21, 2018

Chicago | Reuters — Shares of Deere and Co. soared Friday after the U.S. tractor maker revised up its full-year earnings estimate on stronger equipment demand and shared its plans to increase prices to offset increased costs. The company’s stock was up 6.4 per cent at $156.24 in early afternoon trading on the New York […] Read more

Crops, Machinery & Shop, Reuters

Deere upgrades 2018 outlook on improving equipment demand

By Rajesh Kumar Singh February 16, 2018

Reuters — U.S. farm equipment maker Deere and Co. on Friday boosted its sales outlook for fiscal 2018, citing strengthening conditions in agricultural and construction markets, sending its shares higher. For the past four years, Deere has been battling weak demand for farm equipment as a global grain glut pushed down prices, sending U.S. farm […] Read more

U.S. grains: Soybeans dive to biggest weekly loss in 6-1/2 years

U.S. livestock: Feeder cattle gain from falling feed prices

U.S. grains: South American supply issues wane

GFM Network News

U.S. grains: Soybeans dive to biggest weekly loss in 6-1/2 years

U.S. livestock: Feeder cattle gain from falling feed prices

U.S. grains: South American supply issues wane

Author Archives Rajesh Kumar Singh

Deere bets on cost cuts, services push to boost profits

Deere to lay off 163 U.S. workers as trade war dents demand

Deere plans price increases to offset rising costs

Deere upgrades 2018 outlook on improving equipment demand

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