30 August 1996

Deere & Co record

A RECORD worldwide net income has been announced by Deere & Company for the third quarter of its trading year. A net income of $204.4m represents a rise of 13% on last year.

Chairman, Hans Becherer, reports that growing worldwide demand for agricultural commodities have strengthened prices for grains and oilseeds.

"Based on these factors, continued farmer confidence should promote strong market conditions, resulting in healthy worldwide retail demand for new and used agricultural equipment," he says.n