At A Glance
Headquartered in Moline IL, Deere & Company, founded in 1837 (collectively called John Deere) is a global Agriculture, Construction and Forestry equipment manufacturer that employs about 56,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported net income of $873 million on total net sales and revenues of $23.1 billion in 2009.
John Deere consists of three major business segments (agriculture and turf, construction and forestry, and credit). Those segments, along with the support operations of parts and power systems, are focused on helping customers be more productive as they help to improve the quality of life for people around the world. The company's products and services are primarily sold and serviced through John Deere's dealer network.
John Deere operations consist of three major business segments:
- Agriculture and Turf — John Deere is the world's leading manufacturer of farm equipment. The company also produces and markets North America's broadest line of lawn and garden tractors, mowers, golf course equipment, and other outdoor power products. John Deere Landscapes provides irrigation equipment and nursery supplies to landscape-service professionals across the United States.
- Construction and Forestry — The company is the world's leading manufacturer of forestry equipment and is a major manufacturer of construction equipment in North America.
- Credit — John Deere Credit is one of the largest equipment finance companies in the U.S. with more than 2.4 million accounts and a managed portfolio of nearly $23 billion (U.S.) In addition to providing retail, wholesale and lease financing to help facilitate the sale of John Deere agricultural, construction and forestry, and commercial and consumer equipment, John Deere Credit also offers revolving credit, operating loans to farmers, crop insurance (as a Managing General Agent), and debt financing for wind energy. Today, John Deere Credit has approximately 1,900 employees worldwide and has operations in 19 countries.