Deere and Co

Powerful Essays
Deere & Co. (DE) | Business Review and Financial Analysis | NYSE: DE | | Evan Meyer | 4/15/2010 |

|

Deere and Company is an American manufacturing company based in Moline, Illinois that was founded by John Deere in 1837. Deere and Company is the world’s leading manufacturer in agricultural machinery and technologies. Deere and Co is one of the United States oldest companies since its birth in 1837. Deere and Co follows a set of core values since their creation. These values include: Integrity, Quality, Commitment, and Innovation. Deere and Co consists of three highly organized business segments. These three segments include: Agriculture and Turf, Construction and Forestry, and Credit. Deere and Co is currently the world leader in agricultural machinery and equipment fabrication. Along with their agricultural related products they also make lawn care machinery. Deere and Co is also the world’s leading manufacturer of forestry equipment. It is also a manufacturer of construction equipment that is distributed in North America. John Deere Credit Company is a leading agricultural finance company in the United States with more than 2.4 million accounts and a twenty three billion dollar portfolio. The current CEO of Deere and Co is Samuel R. Allen who was appointed to that position in 2009.
History
1837 marked the beginning of an era for Deere and Co. John Deere; a blacksmith from Vermont made the first self cleaning steel plow for farm work. In 1848 Deere moved his family and business to Moline Illinois so he could increase his production of plows. With access to the Mississippi River Deere could transport his goods easier. Deere joined two business partners to form his first corporation of Deere, Tate, and Gould in 1850. Two years later Deere would buy out his partners and Deere and Co would be founded. Since 1850 Deere and Co has been manufacturing agricultural machinery under the name of John Deere. For the next thirty years Deere



Cited: (Growing a Business As Great As Our Products: Deere & Co Annual Report 2009) "The John Deere Way: Performance That Endures" (Author: David Magee; Copyright: 2005; Publisher: Wiley, John & Sons, Incorporated) "John Deere 's Company" (Author: Wayne G. Broehl, Jr.; Copyright, 1984: Publisher: Doubleday & Company) Deere & Co". CNN Money. 4/2/10 <http://money.cnn.com/quote/quote.html?symb=DE>. "John Deere". Deere & Co. 4/10/10<http://www.deere.com/en_US/deerecom/usa_canada.html>. "Genuine Value" (Copyright, 2000; Publisher: Deere & Company)

You May Also Find These Documents Helpful

  • Powerful Essays

    John Deere Analysis

    • 6920 Words
    • 28 Pages

    In 1976, Deere & Company was among the world’s leaders of farm and industrial equipment. The majority of Deere’s success was attributed to the light crawler tractor market with over 50% market share. It was at that time Deere earned a reputation for manufacturing reliable small tractor equipment. Deere evolved into producing and manufacturing the larger industrial equipment in phases, beginning in small forestry operations. As farmers and smaller operators sought to diversify their businesses, Deere offered newly innovative attachments and crawlers, and was now seeking to integrate into the large tractor market in phase five. In this phase, Deere introduced the JD750 bulldozer, a heavy contracting machine that would compete directly with Caterpillar, who maintained 50% market share in the large tractor market.…

    • 6920 Words
    • 28 Pages
    Powerful Essays
  • Good Essays

    John Deere Harvard

    • 602 Words
    • 3 Pages

    What was JDCW’s role as part of the vertically integrated John Deere & Company? What problem(s) did it encounter?…

    • 602 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Deere & Company net income for 2011 is $2,799,900, 2012 is $3,064,700, and 2013 $3,537,300. Caterpillar’s net profit is 4,928,000 in 2011, 5,681,000 in 2012, and 3,789,000 in 2013. When comparing the two, one can note that Caterpillar was doing better in 2011 and 2012. However, since they made changes and created strategy to improve the company they are much closer to Caterpillar in 2013. Comparing them to the industry in average they are doing well. The tractor and agricultural equipment industry comprised more than 1,000 companies, with Deere & Company, CNH Industrial N.V., AGCO Corporation, and Caterpillar generating half of all revenues. When evaluating Deere & Company’s income statement they have grown. Their total revenue, gross profit,…

    • 145 Words
    • 1 Page
    Satisfactory Essays
  • Powerful Essays

    Caterpillar Inc. was formed in 1925 when Holt Manufacturing Company and the C. L. Best Tractor Co. merged to form Caterpillar Tractor Co. These two companies were formed by Benjamin Holt and Daniel Best, thus the two founders of Caterpillar. Throughout their history, Caterpillar has continued to update and diversify their product lines to meet the demands of consumers. In 1931, the first Diesel Sixty Tractor rolled off the assembly line in East Peoria, Illinois, offering a new efficient source of power for track-type tractors. In 1940, the Caterpillar product line grew beyond just track-type tractors to include motor graders, blade graders, elevating graders, terracers and electrical generating sets. In 1950, Caterpillar established its first of many overseas operations in Great Britain. In 1953, the engine sales group of Caterpillar was restructured to include a separate sales and marketing division to better serve the needs of a broad range of engine customers. This division now accounts for approximately one-third of the company’s sales and revenues. In 1983, Caterpillar Leasing Company is expanded to offer equipment financing options to its customers worldwide and is renamed Caterpillar Financial Services Corporation. In 1986, Caterpillar Tractor Co. changed its name to Caterpillar Inc., which serves as proof of the growth and diversity the company had accomplished over the years. In 1998, Caterpillar introduced the world’s largest off-highway truck, the 797. And finally, in 2003 Caterpillar became the first engine manufacturer to offer a complete line of diesel engines fully compliant and certified by the U.S. Environmental Protection Agency (EPA).(8)…

    • 1766 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    Wright, J. (1998). Heart of the lion: The 50 year history of General Motors-Holden. St Leonards, N.S.W: Allen & Unwin.…

    • 4778 Words
    • 20 Pages
    Powerful Essays
  • Powerful Essays

    Connelly, Mary, "Ford 's Biggest Job: Lift Lincoln," Automotive News, July 31, 2000, p. 23.…

    • 3551 Words
    • 15 Pages
    Powerful Essays
  • Powerful Essays

    In the 1920’s and 1930’s, the firm grew as a major manufacturer of machine tools and pumps, and their firm’s first farm tractor in Japan was produced in 1931.…

    • 1592 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    St Komatsu vs Caterpillar

    • 2412 Words
    • 7 Pages

    For more than 75 years, Caterpillar Inc. has been building the world’s infrastructure, and in partnership with Caterpillar dealers, has allowed for positive and sustainable change on every continent. A Fortune 100 company, Caterpillar is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. The company is a technology leader in construction, transportation, mining, forestry, energy, logistics, electronics, financing and electric power generation.…

    • 2412 Words
    • 7 Pages
    Good Essays
  • Powerful Essays

    This report is based on Sunbeam Corporation and Albert Dunlap, the CEO from 1996 till 1998. In July of 1996, Michael Price and Michael Steinhardt hired Dunlap as the CEO and chairman of the board for Sunbeam Corporation. As two of the original investors who bought Sunbeam from bankrupt Allegheny International, Price and Steinhardt together own 42 percent of its stock. Prior to hiring Dunlap they had tried, unsuccessfully, to sell Sunbeam. They believed that he was the one person who could turn the company around and increase stock prices and profits. The increase in stock prices did occur, almost instantly. The turnaround took just fifteen months. On July 19, 1996, the day Dunlap was named chairman and CEO of Sunbeam, the stock jumped 49 percent. The jump increased the share price from 12 ½ to 18 5/8, adding $500 million to Sunbeam’s market value. The stock continued to increase and reached a record high of $52 per share in March 1998.…

    • 3049 Words
    • 13 Pages
    Powerful Essays
  • Better Essays

    Ford Motor Co

    • 808 Words
    • 4 Pages

    * This Case Analysis will highlight the Ford Motor Company (FMC), one of the most documented corporations. Today, I will identify the firm 's existing objectives and strategies,…

    • 808 Words
    • 4 Pages
    Better Essays
  • Powerful Essays

    The Dynamics of Competition

    • 6922 Words
    • 21 Pages

    Wright, J.P. (1979), On a Clear Day you can See General Motors: John Z. De Lorean’s Look Inside the Automotive Giant , Wright Enterprises, Grosse Pointe, MI. pp. 40-7…

    • 6922 Words
    • 21 Pages
    Powerful Essays
  • Good Essays

    The light bulb is no ordinary lamp, lamp output Phillips has won the L Prize and received a $ 10 million gift from the U.S. government. What advantages.…

    • 675 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Upton Machine Corporation is founded in St. Joseph, Michigan, to produce electric motor-driven wringer washers. Subsequently merges with the Nineteen Hundred Washer Co. in 1911.…

    • 1709 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    Bear Stearns & Co

    • 608 Words
    • 3 Pages

    On May 9, 1989, Bear Stearns & Co. issued a report on Blockbuster Entertainment Corp., which is reproduced in part below.…

    • 608 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Deere And Company

    • 806 Words
    • 3 Pages

    a. Some risk associated with holding inventory are that the cost of the inventory until it is sold (money tied up in inventory could be used in other areas), cost to store inventory, and the inventory could lose its value if stored to long (degradation, no longer in demand). Some benefits associated with holding high inventory are quantity discounts and reduction in lead time to quickly meet customer demand.…

    • 806 Words
    • 3 Pages
    Good Essays