Deere & Company, together with its subsidiaries (John Deere) operates in three business segments: agriculture and turf segment, construction and forestry segment, and credit segment. The agriculture and turf segment, created by combining the former agricultural equipment and commercial and consumer equipment segments, manufactures and distributes a range of farm and turf equipment, and related service parts. The construction and forestry segment manufactures, distributes to dealers and sells at retail machines and service parts used in construction, earthmoving, material handling and timber harvesting. The credit segment finances sales and leases by John Deere dealers of new and used agriculture and turf equipment and construction and forestry equipment. In addition, it provides wholesale financing to dealers of the foregoing equipment, provides operating loans, finances retail revolving charge accounts, offers crop risk mitigation products and invests in wind energy generation.
Subsidiaries and affiliates
The John Deere Pavilion in Moline, Illinois.
* AGRIS Corporation (John Deere Agri Services).
* Chamberlain Tractors (Australia).
* John Deere Capital Corporation.
* John Deere Credit (John Deere Credit and Finance) Johnston, Iowa.
* John Deere Landscapes (landscaping plants, materials, and irrigation equipment).
* Kemper (row tolerant headers for forage harvesters and combines) Stadtlohn, Germany.
* Waratah Forestry Attachments (forestry harvesting heads).
* Agreentech
* NavCom Technology, Inc. (precision positioning systems and intelligent mobile equipment technologies) Torrance, CA.
* Phoenix International Corporation (ruggedized Off-Road electronics) Fargo, ND.
* Ningbo Benye Tractor & Automobile Manufacture Co. Ltd. (low HP tractors) Ningbo, China.
* Xuzhou Xuwa Excavator Machinery Co., Ltd. {XCG} (excavators).
Business Overview
Deere & Company is one of the world's largest manufacturer of heavy machinery and is the leading producer of agricultural and forestry equipment. In addition to designing and manufacturing equipment, the company has a network of dealers and distributors that sell its equipment and utilize Deere's parts network. Also, Deere has an in-house credit department that allows customers to finance their purchases directly through Deere. The company is divided into four business segments:
Agricultural Equipment: This segment develops and manufactures farming equipment such as tractors, harvesters, balers, sprayers, utility vehicles and other machines. Deere is the world's leading producer of agricultural equipment.
Construction & Forestry Equipment: This segment is responsible for construction equipment such as excavators, bulldozers, and dump trucks as well as forestry equipment that includes feller bunchers, skidders, and knuckleboom loaders. Deere is the world's largest producer of forestry equipment.
Commercial & Consumer Equipment: This segment produces commercial and consumer landscaping equipment such as mowers, tractors, trimmers and other lawn care machinery. Deere also makes landscaping equipment designed for use on golf courses.
Financial Services: Deere's financial services department provides clients with the opportunity to finance their purchases. Deere's financial services segment operates at a very high margin, contributing to only 8% of total revenue, but over 20% of total operating income.