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SHOCKING PROFITS PLUNGE: JOHN DEERE IN FREE FALL!
TURBULENT TIMES FOR AMERICA’S FAVORITE TRACTOR MAKER!
In a jaw-dropping twist of fate, John Deere—the beloved homegrown hero of agricultural machinery—is spiraling towards disaster! Once basking in record profits just two years ago, this iconic company now faces a dark cloud looming overhead. What’s to blame? Tariffs and a trade war with China!
THE BOTTOM LINE IS CRASHING!
Say goodbye to success—John Deere has just revealed a shocking layoff of 238 production workers in Illinois and Iowa! The reason? A DRASTIC drop in demand and dwindling orders.
In a stunning revelation during the latest earnings call, the grim reality hit: Q3 profits have plummeted by a staggering 25% compared to last year! The company’s net sales? A staggering dive of 9%, plummeting to $3.9 billion—down from a staggering $5.8 billion! And guess what? They’ve slashed their profit forecasts for the year!
IS THE FARMING WORLD IN CHAOS?
The agriculture industry is TURNING UPSIDE DOWN! With crop prices at rock bottom, farmers are feeling the pinch and fear pulling the trigger on new purchases. Imagine, corn is selling for a horrific 50% less than last year! Soybeans aren’t any better—down a shocking 40%!
But wait! It gets worse! Farmers, stuck in a whirlwind of uncertain tariffs and trade wars, are drowning in economic troubles tied to China’s retaliatory tariffs on U.S. soybeans. Last year, China imported a jaw-dropping $13 billion worth of soybeans—it was like a gold rush! But now? Soybean imports to China have CRASHED by 51% this year! NO advance purchases for the upcoming harvest!
DEVASTATING IMPACT ON DOMESTIC SALES!
With fewer farmers making those crucial equipment purchases, the ripples will hit John Deere’s domestic manufacturing HARD! A massive 80% of their U.S. sales depend on domestic manufacturing, while a quarter of their international sales hangs by a thread!
Glimmer of HOPE?
Could the One Big Beautiful Bill hold the key to salvation for John Deere? Farmers might just score a tax break on equipment purchases?! And with its strong domestic roots, John Deere could withstand the storm better than rivals like Kubota and Mahindra, which are hanging by a thread overseas!
Stay tuned! The drama continues as we watch John Deere’s gripping battle against tariffs and turbulent times in the agricultural market! Will they rise from the ashes or sputter out?
photo credit: fortune.com
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