• Business & Economy
  • Politics & Government
    • Campaign Countdown
      • 2012 Reports
  • Sports
  • High School Sports
    • Football Friday Night
    • Radio Iowa Poll
  • All Topics

Radio Iowa

Iowa's Radio News Network

  • Home
  • Audio Archives
  • Contact Us
  • Reporters
  • Affiliates
  • Affiliate Support
  • PostsComments
You are here: Home / Agriculture / Deere and Company officials optimistic about future

Deere and Company officials optimistic about future

February 27, 2008 By admin

Officials from the Quad Cities-based the John Deere company expressed optimism for record earnings this year at their annual shareholders meeting today in Moline. Chairman and C.E.O. Bob Lane said Deere plans to "seize the economic tailwinds" created by a rise in the global middle class.

Ken Golden, the company’s spokesman, says the tailwinds are about more people needing to eat in the world, biofuels and construction, positive things that are happening that will require Deere equipment. Golden says the company is well positioned to take advantage of the tailwinds. In his prepared statement, Lane said the company also turned a profit in weak markets by cutting production in the construction and forestry division, which has been hurt by the current housing slump.

Golden says that’s a new way of doing business for Deere and Company. Golden says the company has historically not been in a position to make money when the markets were low, but now he says with consolidated factories and better ways of doing business, they can respond to tough markets and become more profitable.

During a short video, shareholders also saw some high-tech innovations the company is developing–such as the un-manned "R-Gator"–a four-wheel drive golf cart for the Army which can detect road-side bombs. Deere is also designing G-P-S-guided tractors and combines which can plow fields on their own–without a driver.

 

Share this:

  • Facebook
  • Twitter

Filed Under: Agriculture, Business Tagged With: Employment and Labor

Featured Stories

Democrat from Cedar Falls resigned from Iowa Senate today

DOT could end up with a record use of salt and sand on roadways

$100 fine proposed for highway drivers loitering on the left

Bill getting rid of weapon carry permits passes first legislative test

Iowa officials propose payout change for first week of unemployment

TwitterFacebook
Tweets by RadioIowa

Drake holds off Southern Illinois

Bohannon’s three pointer caps furious Iowa rally

Iowa State holds off Oklahoma

Iowa’s Wieskamp snares Big Ten honor

Iowa-Michigan women rescheduled for Friday

More Sports

eNews and Updates

Enter your email address:

Delivered by FeedBurner

Archives

Copyright © 2019 ยท Learfield News & Ag, LLC