Deere & Co. reported net income of $498.5 million for the first quarter ended Jan. 27, 2019 compared with a net loss of $535.1 million for the quarter ended Jan. 28, 2018.

According to Jan. 21, 2019 report from Bloomberg Opinion, Kubota “The world’s second-biggest tractor maker is getting stuck in the mud, just as the U.S. farm machinery market shows resilience.”

Deere & Co. is launching the Startup Collaborator program in its Intelligent Solutions Group to enhance and deepen its interaction with startup companies whose technology could add value for John Deere customers.

Deere’s sales of compact tractors (less than 40 horsepower) were better than the industry, which recorded an increase of 4% over a rolling 3 month period in November.

In this podcast, we share one analyst's 2019 outlook for Deere & Co. and Titan Machinery in addition to Deere CEO & Chairman Samuel Allen's concerns over the lasting impact tariffs could have on U.S. farmers. We also discuss Ag-Pro Companies expansion into Ohio and the dealership's rapid growth since 2014. Also in this episode: technology lessons from the auto industry, changes in farm profits and farmers' income and an improvement in producers' interest in making large investments, like machinery.

Deere & Co. CEO and Chairman Samuel Allen says he’s worried about the lasting impact a trade war could have on U.S. producers, particularly soybean growers.

Worldwide net sales and revenues increased 17% to $9.4 billion for the quarter and rose 26% to $37.4 billion for the full year. Net sales of equipment operations were $8.3 billion for the quarter vs. $7.1 billion in the same quarter last year and $33.4 billion for the year vs. $25.9 billion in 2017.

PLA is based in Argentina with manufacturing facilities in Las Rosas, Argentina, and Canoas, Brazil.

Max Guinn is retiring after 38 years of service at Deere. After joining Deere as an engineer in 1980, his career included a variety of management and leadership assignments. James Field, who had been a president in Deere’s Agriculture & Turf Division, will succeed Guinn as president of Worldwide Construction & Forestry.

In this podcast we report on Deere & Co.'s third quarter earnings, which saw net sales increase 32%. In the Technology Corner, Jack Zemlicka discusses precision farming dealers' 5-year investment projections. With uncertainty stemming from tariffs, trade and commodity prices we also look at how manufacturers, dealers and producers are responding. Finally, according to the Federal Reserve Bank of Minneapolis, farm income, capital spending and farmland values are all down.