Industry News

Deere Reports Earnings of $285 Million for 4Q, $1.524 Billion for Year

Net income attributable to Deere & Co. (DE) (NYSE: DE) was $285.3 million, or $0.90 per share, for the fourth quarter ended October 31, compared with $351.2 million, or $1.08 per share, for the same period of 2015. For fiscal 2016, net income attributable to Deere & Co. was $1.524 billion, or $4.81 per share, compared with $1.940 billion, or $5.77 per share, in 2015.
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Sweet Potato

Production of Sweet Potatoes — a Thanksgiving Favorite — is on the Rise

U.S. production of sweet potatoes has increased substantially in recent years, achieving a new record-high of 3.1 billion pounds in 2015 — a 4.8% increase over 2014’s 3 billion pounds. The largest producer of sweet potatoes in the U.S. is North Carolina, which harvested 1.6 billion pounds in 2015 and has been responsible for most of the gains in recent years.
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Ritchie Bros. Acquires Kramer Auctions

Ritchie Bros. acquired Kramer Auctions, a Canadian agricultural auction company in central Canada, to help strengthen their presence in Canada's agricultural sector and add talent to their Canadian Ag sales and operations team.
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