(MOLINE, IL) — Deere and Company’s weak forecast for the year ahead reinforces the difficulty in predicting a level of recovery in the U.S. farm economy. Bloomberg said that’s because uncertainty continues around the impact of tariffs and trade deals.
“Shares of the world’s biggest farm machinery maker fell as much as 5.7 percent in New York as the company’s first profit outlook for 2026 fell short of expectations,” Bloomberg said. “The forecast emphasizes how the U.S. agriculture sector remains uncertain even after a U.S. trade agreement with China saw the Asian nation begin buying U.S. commodities again.”
Deere also said its net income in fiscal year 2026 would be between $4 billion and $4.75 billion, missing the average Bloomberg estimate of $5.31 billion. It’s also a drop from the $5.027 billion in income reported for the year that just ended. Deere CEO John May believes 2026 will mark the bottom of the ag cycle.
SOURCE: NAFB News Service
