Reported 28 days ago
Deere & Co. indicates improvement in the agricultural economy, with rising corn prices and reduced inventories of used machinery suggesting increased spending by farmers. However, potential tariffs could jeopardize this nascent recovery, with a forecast of a 30% drop in sales in North America and overall net income predictions of $5 to $5.5 billion for 2025, overshadowed by tariffs on steel and aluminum affecting production costs.
Source: YAHOO