Deere’s Outlook Remains Strong With High Demand for Farm Equipment, Despite Supply Chain Problems

9 months ago
Deere & Co. raised its annual profit forecast on Feb. 18, after posting a net income of $903 million in the first quarter, beating earlier estimates. The farm equipment manufacturer expects a margin boost from price hikes and solid demand for its tractors and equipment. It appears that there will be plenty of demand for agricultural equipment this year, as farmers are flush with earnings from high grain prices and government stimulus money during the CCP (Chinese Communist Par...
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