May 18, 2012

Deere sees higher 2012 China crop yield

Deere is expecting strong grain prices that will result to positive agricultural revenue and strong support from the government for farm mechanisation.

In the Commonwealth of Independent States, Deere sees on-going business optimism leading to increased investments, especially in Russia and Kazakhstan.

In India, Deere sees commodity prices to soften against 2011 but remain elevated due to strong demand and increased focus from government for farm mechanisation.