Deere Could See A Turnaround On Long-Term Trends

Deere's agricultural and turf sales declined 9% year-on-year in fiscal 2014 and 27% in the first quarter of fiscal 2015, as the demand for agricultural equipment tanked. U.S. farms have been generating lower revenues as a result of low prices of crops such as corn, wheat and soybean. Lower farm income has discouraged farmers from purchasing new equipment or repairing existing equipment, leading to a decline in demand for agricultural equipment and spare parts. However, Deere's Agriculture and Tu...