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Do you buy Deere?


General Business Discussions

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Old 11-22-2006, 09:05 PM
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Do you ever buy Deere products? What do you think of them? It looks like a lot of people were buying Deere products this past year. Check out their profits! WOW.

What's your view on why the American auto industry is having such a rough time now but yet this American tractor company is going full speed ahead?

Deere posts record year for earnings - Riding a strong fourth-quarter performance, Deere & Co. announced record year-end profits for the third consecutive year Tuesday while also warning of a sales slowdown and lower profits in 2007.

Deere posted net income of $277.3 million, or $1.20 per share, for the fourth quarter that ended Oct. 31.

For the full year, which also ended Oct. 31, Deere’s net income was $1.694 billion, or $7.18 per share, up from $1.447 billion, or $5.87 per share, a year ago.


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Old 11-22-2006, 09:10 PM
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I know that Deere has been offering a lot of great finance and buyer programs. John Deere to me has always been a very good quality company that products long lasting products. I have never personally bought a Deere product thought just because of how much they cost
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Old 11-22-2006, 09:13 PM
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How much higher are they from other products on average would you say?
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Old 11-22-2006, 09:21 PM
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In regards to price, they are probably anywhere from 30 to 40% higher
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Old 11-23-2006, 05:46 AM
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How much of a better quality would you say they are compared to other manufacturers?
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Old 11-23-2006, 06:03 AM
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We have 3 skid steers manufactured by Deere. It is not that the quality is a thousand times better then the next manufacturer, but they stand behind their products and they have a mobile warranty truck. You can also find parts quick and easy.

Well at least around here
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