Farm Equipment News

Deere Reports Net Sales Down 18% in FY2Q20

Deere & Company reported net income of $665.8 million for the second quarter ended May 3, 2020, compared with net income of $1.135 billion for the quarter ended April 28, 2019. For the first six months of the year, net income attributable to Deere & Company was $1.182 billion compared with $1.633 billion for the same period last year.
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Used Equipment Remarketing Roadmaps

[Podcast] Checking in on the Used Combine Market

In this episode, host Casey Seymour of Moving Iron LLC 21st Century Equipment sits down with Aaron Fintel, remarketing manager for 21st Century to discuss the used combine market, particularly for the 2012-14 model years compared to combines from 2017, 18 and 19.
In this episode, host Casey Seymour of Moving Iron LLC 21st Century Equipment sits down with Aaron Fintel, remarketing manager for 21st Century to discuss the used combine market, particularly for the 2012-14 model years compared to combines from 2017, 18 and 19.
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Cervus Equipment 1Q20 Revenues Rise 9%; Ag Up 8%

Cervus Equipment, John Deere’s largest ag equipment dealership group in Canada, posted strong results for the first quarter of 2020 ended March 31. The company reported new equipment revenue increased 21% in the first quarter of 2020 compared to the same quarter of 2019.
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