MOLINE, Ill. (KWQC) — Deere & Company has released its fourth quarter earnings report. Sales in the final quarter totaled $285 million. That’s down from more than $351 million in the fourth quarter of last year.
For the full year, sales totaled more than $1.5 billion, which is down from nearly $2 billion last year. Deere says the lower numbers are due to a global farm recession and weak construction equipment markets.