Company Profile For Deere & Company

Deere & Company (John Deere), through its subsidiaries, operates in four business segments. The agricultural equipment segment manufactures and distributes a full line of farm equipment and related service parts. The commercial and consumer equipment segment manufactures and distributes equipment, products and service parts for commercial and residential uses. The construction and forestry segment manufactures, distributes to dealers and sells at retail a range of machines and service parts used in construction, earthmoving, material handling and timber harvesting. The credit segment primarily finances sales and leases by John Deere dealers of new and used agricultural, commercial and consumer, and construction and forestry equipment. In May 2008, the Company acquired T-Systems International, Inc. In June 2008, it acquired a 50 % equity investment in Xuzhou Xuwa Excavator Machinery Co., Ltd.

BRIEF: For the fiscal year ended 31 October 2009, Deere & Company's revenues decreased 19% to $23.11B. Net income decreased 57% to $873.5M. Revenues reflect a decrease in income from Agriculture & turf segment and decreased revenue from Construction & Forestry segment. Net income also reflects an increase in research & development expenses, higher other operating expenses and the absence of equity income of unconsolidated affiliates.