Premier Equipment has acquired the John Deere dealership business of Deerhaven Farm and Garden Ltd. Based in Belleville, Deerhaven Farm and Garden Ltd. has been in business since 1994 and serves customers in the Quinte region, spanning portions of Northumberland, Prince Edward County, Hastings, Lennox and Addington Counties. Since 2016, Premier Equipment has been the […] Read more
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Premier Equipment expands John Deere dealership with acquisition in Belleville
Deere tops second-quarter estimates, trims annual profit forecast
Shares up five per cent
Deere & Co cut the lower end of its annual profit forecast on Thursday but topped Wall Street expectations for second-quarter results aided by cost-saving measures and inventory management, sending its shares up five per cent.
John Deere offers upgrades for planters, New Holland rolls out latest PowerStar tractor at National Farm Machinery Show
For day two at the National Farm Machinery Show, we paid a visit to the John Deere booth who announced planter upgrades at the Louisville, Kentucky show. Rather than having to put money down on a new planter, if your platform still has plenty of acres left in it, Deere is now offering upgrades with […] Read more
Deere misses revenue estimates on subdued farm equipment demand
Outlook did not account for any impact from potential import tariffs, retaliatory tariffs company says
Deere's quarterly revenue slumped 35 per cent and missed analysts' expectations as more farmers switched to renting equipment due to weak incomes and high borrowing costs, sending its shares down nearly 4.5 per cent in morning trading on Thursday. The company said its outlook did not account for any impact from potential import tariffs by the U.S. and any retaliatory actions taken by other countries.
Deere boosts bet on autonomous tractors with new machines
Deere & Co strengthened its bet on autonomous machinery by unveiling new tractors and industrial equipment, capable of operating without the need for a human being in the cab, at the CES trade show in Las Vegas on Monday.
Trump threatens John Deere with 200 per cent tariffs if production moves to Mexico
Washington | Reuters—Republican presidential candidate Donald Trump said on Monday he would slap a 200 per cent tariff on John Deere’s imports into the United States if the agricultural equipment company moved production to Mexico as planned. “As you know, they’ve announced a few days ago that they are going to move a lot of […] Read more
Deere beats profit targets as strong pricing, cost cuts counter slow demand
Deere & Co beat analysts' expectations for third-quarter profit on Thursday, as stronger pricing and cost control measures protected its margins from sluggish demand for its farm equipment.
John Deere launches T6 800 combine
The updated Class 7 straw walker model is designed to replace the conventional T670 and will begin production this fall
After New Holland introduced the rotary combine concept with its first TR model in the 1970s, that threshing system came to dominate the market in North America. Though it may seem like the conventional straw walker combine has faded into obscurity, it hasn’t. Many brands offer at least one model of that style. John Deere […] Read more
Premier Equipment announces cross-border partnership
Southwestern Ontario-based Premier Equipment and U.S.-based Stotz Equipment, both John Deere organizations, announced they have formed a cross-border partnership. In a release, Premier said it welcomes investment to “continue to strengethen capabilities and position both companies for growth.” The partnership marks an industry-first, common ownership of John Deere dealerships on both sides of the U.S./Canadian […] Read more
Deere announces job cuts to tackle slowing farm equipment demand
Deere & Co said on Wednesday it would cut an unspecified number of production and salaried jobs to save costs as it grapples with a downturn in farm equipment demand.
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