Ag Equipment Intelligence has gathered data from the financial filings of the ag industry’s key publicly-traded manufacturers and compiled these companies’ executives’ compensation, now updated for the 2022 financial year.
Deere Co. issued its 2Q23 earnings on May 19, showing a 53% increase in Production Precision Agriculture net sales to $7.8 billion. Total net sales and revenues rose 30% to $17.4 billion.
During Ag Equipment Intelligence’s 2023 Executive Briefing Mid-Year Review. One topic discussed during the June 7 virtual event was how they see the second half of 2023 panning out and what their forecasts are for 2024.
Deere & Company announced today that its Board of Directors elected Jahmy Hindman senior vice president in addition to his current position as chief technology officer, which he has held since 2020.
Deere & Company reported net income of $2.860 billion for the second quarter ended April 30, 2023, or $9.65 per share, compared with net income of $2.098 billion, or $6.81 per share, for the quarter ended May 1, 2022.
Colorado Gov. Jared Polis signed the Consumer Right To Repair Agricultural Equipment bill into law on April 25, making it the first U.S. right to repair bill focused on ag equipment to be approved by both houses and signed by a governor.
John Deere will be offering some U.S. and Brazilian farmers the chance to access Deere’s own satellite network for improved connectivity by the end of 2024, according to a May 1 report from the Wall Street Journal.
All of John Deere’s categories of “big dealers” have declined over the last 5 years, aside from its 20+ location dealership groups, according to the 2023 Big Dealer report.
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We’ve been busy over here in the Technology Corner preparing for the 10th annual Precision Farming Dealer Summit, taking place Jan. 6-7 in downtown Louisville, Ky. Skip Klinefelter, CEO of Ag Technology Solutions Group in Greenville, Ill., will be one of several speakers sharing their unfiltered perspective on the state of precision ag.