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Deere
Deere

Agriculture / Agricultural Equipment Manufacturing

At a Glance | Core Facts | Company | Industry | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | Web
Overview

John Deere is an American corporation that manufactures agricultural, construction, and forestry machinery, diesel engines, drivetrains (axles, transmissions, gearboxes) used in heavy equipment, and lawn care equipment. The company was founded in 1837 by John Deere, and its headquarters are located in Moline, Illinois.
Today, the Deere company has a global presence, with manufacturing facilities, offices, and dealerships in over 30 countries. It is also one of the largest manufacturers of agricultural equipment in the world, with a product line that includes tractors, combines, balers, and planters.
In addition to its core agriculture business, Deere also produces equipment for the construction, forestry, and turf care industries. Its construction equipment lineup includes excavators, loaders, and motor graders, while its forestry machinery includes skidders, feller bunchers, and harvesters. For the turf care market, Deere offers a range of mowers, utility vehicles, and snow blowers.
The company also has a long history of innovation, with a number of firsts in the industry, such as the first self-scouring steel plow, the first tractor with a three-point hitch, and the first hydrostatic transmission. It continues to invest in research and development to create cutting-edge equipment for its customers.
In addition to its products, Deere is also known for its strong dealer network, providing customers with local sales and service support. The company also offers financial services, including equipment financing and leasing, to help customers purchase or lease equipment.
Overall, John Deere is a major player in the agriculture and construction industries, with a commitment to quality, innovation, and customer satisfaction.

What is special about the company?

1. Long History and Brand Reputation: The John Deere company was established in 1837, making it one of the oldest and most established companies in the agricultural and construction equipment industry. This long history has solidified its brand reputation and made it a globally recognized and trusted brand.
2. Diverse Product Portfolio: Deere & Company offers a wide range of products and services in the agriculture, construction, forestry, and turf care industries. This diversity allows the company to cater to a broad customer base and provides a stable revenue stream.
3. Technological Innovation: John Deere has a strong focus on research and development, constantly investing in advanced technology to improve its products and services. The company has been a pioneer in introducing new technology, such as self-driving tractors and precision agriculture, which has helped improve efficiency and productivity for farmers and construction workers.
4. Strong Dealer Network: Deere & Company has a vast network of authorized dealers in over 160 countries, making it easily accessible for customers worldwide. Its strong dealer network ensures timely delivery of products and provides after-sales support and services.
5. Commitment to Sustainability: Deere & Company is committed to sustainable practices, and it constantly works towards reducing its environmental impact. The company has set ambitious goals to reduce greenhouse gas emissions and improve energy efficiency in its operations.
6. Employee-Focused: The Deere company believes in investing in its employees and has a strong focus on employee development and well-being. It offers various programs and initiatives to promote a healthy work-life balance and recognize and reward employee contributions.
7. Philanthropy and Community Involvement: Deere & Company has a long-standing tradition of giving back to the community. The company supports various charitable organizations and community development projects through its philanthropic arm, the John Deere Foundation.
8. Strong Financial Performance: Despite being in a cyclical industry, Deere & Company has maintained a strong financial performance and has consistently generated profits for its shareholders. The company's financial stability and growth make it a reliable and attractive choice for investors.

What the company's business model?

The Deere company's business model is focused on the manufacturing and selling of agricultural, construction, and forestry equipment. This includes products such as tractors, combines, sprayers, excavators, and skid-steer loaders. The company also provides related services such as financing and technology solutions. Their target customers are primarily farmers, contractors, and agricultural and construction professionals. Deere's business model also includes a focus on innovation and sustainability, with a commitment to developing technologically advanced and environmentally friendly equipment. Additionally, the company has a global reach, with operations in North America, South America, Europe, Asia, and Africa.

Interesting facts about the company

1. The Deere Company was founded in 1837 by John Deere, a blacksmith from Vermont.
2. John Deere invented the first steel plow, which revolutionized farming by allowing farmers to more easily till tough Midwestern soil.
3. The classic John Deere green and yellow color scheme was originally chosen because it was practical and visible in the field.
4. The company’s slogan, Nothing Runs Like a Deere, was first used in an advertisement in 1962.
5. Deere & Company was the first American company to obtain a registered trademark, which is the leaping deer logo used to this day.
6. The company has a long history of innovation, with its first tractor produced in 1918 and its first combine harvester in 1927.
7. Deere & Company has operations in over 35 countries and employs approximately 67,000 people worldwide.
8. The company has a strong commitment to sustainability and has developed a sustainability strategy to reduce its environmental impact and promote social responsibility.
9. In 2020, Deere & Company ranked 96th on the Fortune 500 list of the largest United States corporations by total revenue.
10. The company has expanded beyond agricultural equipment and now also produces construction equipment, forestry equipment, and engines.
11. Deere & Company has a rich history of philanthropy and community involvement, with programs and initiatives focused on education, community development, and disaster relief.
12. Since its founding, Deere & Company has remained a family-owned business, with the descendants of John Deere still holding a significant ownership stake in the company.

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