Deere & Company Depositary Receipt (DCO0)

Overview

Deere & Company, headquartered in Moline, Illinois, has established itself as a frontline manufacturer and distributor of equipment on a global scale. Since its inception in 1837, the company has diversified its offerings across four main segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. Each segment caters to the specific needs of its clientele, ranging from grain growers and turf and utility customers to construction and forestry equipment markets. Besides manufacturing, Deere & Company extends its expertise to financial services, providing financing solutions for sales and leases of its equipment, alongside offering wholesale financing to dealers and facilitating retail revolving charge accounts.

Products and Services

• Production and Precision Agriculture: Focuses on high-end agricultural equipment like large and medium tractors, combines, and various harvesters, including cotton and sugarcane. Additionally, it offers sprayers, nutrient management, soil preparation, tillage, and seeding machinery tailored for grain growers.
• Small Agriculture and Turf: Provides utility tractors, related loaders and attachments, and a comprehensive range of turf and utility equipment. This includes riding lawn equipment, commercial mowing equipment, golf course equipment, and utility vehicles. Implements for mowing, tilling, snow and debris handling, aerating, and turf care are also available, catering to dairy and livestock producers, crop producers, and turf and utility maintenance needs.
• Construction and Forestry: Encompasses a broad spectrum of construction and forestry machinery including backhoe loaders, crawler dozers, excavators, motor graders, articulated dump trucks, skid-steer loaders, and roadbuilding equipment. Additionally, it offers milling machines, pavers, compactors, rollers, and a range of logging equipment, underlining Deere & Company’s presence in the construction and forestry sectors.
• Financial Services: Specializes in financing solutions for the acquisition of agriculture, turf, construction, and forestry equipment. The segment also supports dealers through wholesale financing and manages extended equipment warranties and retail revolving charge accounts, emphasizing the company’s commitment to supporting its customers beyond the equipment purchase.