FTC Secures Antitrust Settlement with Deere & Company
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 18 hours ago
0mins
The Federal Trade Commission, along with five states, secured a settlement in an antitrust lawsuit against farm equipment manufacturer Deere & Company that will ensure farmers can enjoy the right to repair their own John Deere tractors and farm equipment. The FTC's settlement requires Deere-for the next 10 years and under the supervision of the FTC and plaintiff states-to provide farmers and independent repair providers with the same equipment repair resources, including applicable software capabilities, that it currently provides to authorized Deere dealers. The settlement resolves the FTC and states' joint lawsuit against Deere, which alleged that Deere used unlawful practices to limit the ability of farmers and independent repair providers to perform repairs on Deere farm equipment. The settlement represents the Commission's latest commitment to reducing the cost of living for Americans, including both farmers and downstream consumers of the products those farmers produce. "Today's settlement enables farmers to do what they've done for generations-fix their own tractors and other farm equipment-without having to pay an authorized John Deere dealer to do it for them," said FTC Bureau of Competition Director Daniel Guarnera.
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Analyst Views on DE
Wall Street analysts forecast DE stock price to fall
15 Analyst Rating
8 Buy
7 Hold
0 Sell
Moderate Buy
Current: 603.610
Low
458.00
Averages
514.25
High
560.00
Current: 603.610
Low
458.00
Averages
514.25
High
560.00
About DE
Deere & Company is engaged in the delivery of agricultural, construction and forestry equipment. Its segments include production and precision agriculture (PPA), small agriculture and turf (SAT), construction and forestry (CF), and financial services (FS). PPA segment defines, develops and delivers global equipment and technology solutions for production-scale growers of large grains, small grains, cotton and sugarcane. SAT segment defines, develops and delivers global equipment and technology solutions for dairy and livestock producers, high-value and small acreage crop producers, and turf and utility customers. CF segment defines, develops and delivers a range of machines and technology solutions organized along the earthmoving, forestry and roadbuilding production systems. FS segment finances sales and leases by John Deere dealers of new and used production and precision agriculture equipment and others. Its products include John Deere Autonomous 8R Tractor and E-Power Backhoe.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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See More
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