Along with consolidating its dealers, Deere made another big move when it announced that it is merging its Commercial & Consumer Equipment division into the much larger farm equipment operations.
It’s hard to say what was more surprising, Bob Lane’s stepping aside as president and CEO of Deere & Co., or the farm equipment maker rolling its Commercial & Consumer Equipment operations into its Agriculture division to form the Worldwide Agriculture & Turf Division.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.