John Deere Abandoning America

that's a bummer. A distinctly American brand.

 

I don't buy John Deere, so my actions will have no effect on them, but those who do should punish them for this.

 

This will be blamed on Democrats and labor, not the company that is making billions in profits every year.

 

Just to be clear, John Deere is moving a small portion of their manufacturing out of the 1946, cr@ppy old factory in Dubuque, where several other products will continue to be manufactured, to a low cost manufacturing site in Mexico. They are not closing the 2800 person Dubuque Works plant, but are shedding jobs now due to a 7% decrease in product demand.

https://www.equipmentworld.com/busi...diumframe-compact-loader-production-to-mexico

 

Further, these are some fairly generous terms for their transition. I do not know of many companies that will pay you like this anymore when they let you go.

https://www.equipmentworld.com/cons...deere-announces-more-layoffs-in-illinois-iowa

 

Without digging into their financials seems like a terrible decision to move anything offshore.

John Deere is a brand / lifestyle / etc. Reminds me of Kid Rock and Bud Light. More risk than reward for John Deere.

 

So would you say they are writing a 'Deere John letter' to America?

 

Punish them by buying a different overseas brand? Kinda slim pickens. People say they care about where something is made but their pocketbook says otherwise.

 

Poor fools. What will farmers do when Trump puts in 100% tariffs?

 

Why? lol

 

Worldwide, farm equipment is a more important market than autos, albeit with less visibility. The US dominates the high end market.

Keep your eyes open on this one.

 

Meh. Americans abandoning America. Time to get used to it.

 

The board and senior executives have no obligations to rural dumps in Iowa. Their responsibility is to the shareholders of the company, that is it. Farming and forestry are shrinking in the United States. By 2022, farming had shrunk by 7% from 20 years earlier (interesting that Deere's business is off 7% from pre-2024 projections). If the US government ever gets serious about stopping the absurd faming subsidies that number will skyrocket. So, for Deere, maintaining an expensive factory merely to build replacement equipment for a shrinking US market makes no sense to me, especially when 38% of Deere's revenue is derived from outside the US and Canada where they compete against even lower cost competitors from Korea and Japan.

A shame those people in Iowa spend so much time belittling public education rather than taking advantage of it. Maybe they would not be so dependent on factory jobs for a living. Just a thought.

By the way, Boeing's problems had much more to do with distributed manufacturing than straight outsourcing.

 

South american equipment sales may be part of the shift to Mexico. Does mexico have a chinese steel tarriff?

 

Very likely. I know they just implemented an aluminum tariff that covers all countries (unless they have a separate agreement like USMCA), not just China.

 

Kubota makes a very, very good tractor on par with John Deere.

 

I wonder if John Deere will change their name to Juan Deere?

 

Better. Especially for sub-compact.