12.12.2014 - The company Deere reduced its sales
American corporation Deere has published a report according to which the sales of industrial harvesting equipment in the US fell by 50%. Sales of tractors decreased by 45% and cultivating tractors by 29%. Number of utility tractors sold increased by 8%. According to analysts, in 2015 fiscal year, sales have dropped by 15%, compared to the previously estimated 9%. The reason for such a situation on the market was the fall in agricultural prices, which reduced the profits of farmers. At the moment, we recommend selling the shares of the company with the potential reduction by 20-25% per year.