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Deere & Co.’s weak forecast for the year ahead reinforces the difficulty in predicting a recovery in the US farm economy as uncertainty continues to swirl over the impact of tariffs and trade deals.
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Shortages of labour is resulting in many farmers focus on reducing the amount of it they require. Technology is playing a big part according to milking equipment suppliers who attended Dairy Day.
Deere logged higher sales in its fiscal fourth quarter as agricultural trends began to improve, but the company issued a downbeat forecast for the current year.