CAGE Codes:
01ECK |
1QME2 |
4TUW8 |
64115 |
0L383 |
31SN5 |
4UZP7 |
65513 |
1J955 |
327X8 |
4ZKH7 |
66834 |
1KXW6 |
3PSD7 |
5FJL9 |
66835 |
Operating Segments: Agricultural, construction, and forestry machinery, diesel engines, drivetrains used in heavy equipment, and lawn care equipment
HQ: Moline, Illinois, USA
Partner(s): Deere-Hitachi, Bell Equipment, Kramer
About Deere & Company
Deere & Company, otherwise known as John Deere, is the largest American manufacturer of agricultural machinery in the world. In addition to agricultural machinery, Deere & Company also manufactures construction and forestry machinery, as well as other consumer and commercial equipment. Deere & Company began in 1836 when its founder, John Deere, moved to Grand Detour, Illinois to escape bankruptcy in Vermont. As an already established blacksmith, Deere opened his own shop in 1937, allowing him to become the village’s general repairman. He manufactured tools like pitchforks and shovels, but it was his self-scouring steel plow that set him apart. This plow was developed in 1837 when he fashioned a Scottish steel saw blade into a plow. Prior to Deere’s invention, most farmers used iron or wooden plows that had to be cleaned frequently due to it sticking to the rich Midwestern soil. In 1842, Deere entered a business partnership with Leonard Andrus. Together, they purchased land for a new factory along the Rock River in Illinois. When their partnership ended in 1848, Deere relocated to Moline, Illinois to have access to the railroad and the Mississippi River. There, Deere established a partnership with Robert Tate and John Gould. Together, they purchased a factory, and by 1849, the Deere, Tate & Gould Company was producing over 200 plows a month. However in 1853, Deere bought out Tate and Gould’s interests in the company, and was later joined in business with his son Charles Deere. In 1858, a nationwide financial recession took a toll on the company. To prevent bankruptcy, the company was reorganized and Deere sold his interests in the business to his son-in-law, Christopher Webber, and his son, Charles Deere, who would take on most of his father’s managerial roles. The company was later reorganized again in 1868, when it was incorporated as Deere & Company. In the early 1900s, Deere & Company faced increasing competition from the new International Harvester Company. This prompted the company to expand its business offerings; however, it was their production of gasoline tractors that defined the company’s operations during the 20th century.
Products, Services, and Platforms
Products Include But Are Not Limited To
Subsidiaries/Partners
AGRIS Corporation, John Deere Ag Management Solutions, John Deere Capital Corporation, John Deere Financial, John Deere Landscapes, Kemper, Waratah Forestry Attachments, Agreentech, NavCom Technology, Inc., Phoenix International Inc, Ningbo Benye Tractor & Automobile Manufacture Co. Ltd. and Machinefinder. Some of their partners include Deere-Hitachi, Bell Equipment and Kramer.
Competitors
CNH Industrial, Caterpillar, MAN Energy Solutions and IVG.