Deere Warns Tariffs Could Disrupt Farm Recovery
Higher Steel Costs and Retaliation May Hit Equipment Sales
Overall, American farm income is estimated to rise for the first time in three years in 2025, according to the U.S. Department of Agriculture. (David Paul Morris/Bloomberg News)
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World farm machinery leader Deere & Co. said the agriculture economy is finally showing signs of turning around, although looming tariffs could upend the nascent recovery.
The Illinois-based company said it’s starting to see fundamentals improve, with inventories of used machines easing after production cuts of new equipment, while rallying corn prices are bolstering expectatio…
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