EXCLUSIVE: John Deere Addresses Layoffs and Ag Economy Challenges in First Public Statement

Cory Reed, president of Worldwide Agriculture & Turf Division, spoke about the layoffs in an exclusive interview with Tyne Morgan of U.S. Farm Report. He attributed the cuts to decreased demand due to lower net farm income, higher interest rates and market volatility.

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[man_at_the_end_of_time]

In an ideal world John Deere would be sanctioned and executives jailed. Right to repair should be a requirement for any product.

[kevink]

Young farmers like myself wont forget.

[jeffreyfightingillini]

If your proud of your brand you dont move outvof the countryvthat made that brand. Greed is a huge problem

[notsimplyorganic]

This guy is full of it. Ive moved my business to agco and cnh

[kevincasey]

Demand is not down, in these hard economic times the local producer needs to get maximum value for his/her dollar, and JD is not where that’s at.

[chrislampo]

Very informative interview. You can tell this guy is really focused on the long term health of the company. Unfortunately, the ag market is just really difficult right now due to so many unforeseen circumstances, and it's going to take some short-term sacrifices to keep everything healthy over the long-term. I commend him for treating everyone with dignity and respect. You can tell it personally pains him to have to make such difficult choices.

[MajorLeagueModdingHQ]

Here’s what you do… Get rid of the CPO making $15, 000, 000 a year. And get rid of the rest of the DEI bullshit jobs.

[pauloziliani]

Sir. the best way to JD bring values to farmer is reducing prices for buying and maintaining these machines.

[JohnS-do]

I met Cory Reed when he joined the company, he's honest and open. Getting skilled labor in areas with low populations is difficult, society doesn't give enough credit to those who work with their minds and hands.

[wyatt]

NEVER UNDER ESTIMATE THE POWER OF UAW TO MESS THINGS UP!

[richardanderson]

Like a deer in the headlights, he can't see the damage he has done. I was going to get a Deere this year, not any more! Goodbye John D.

[kasjun]

Don't call these layoffs, they are being fired. And this guy might want seed to come out of the ground in 24 hrs.but that doesn't happen. (11:40)

[JohnJones-kd]

Typical US CEO clueless on how to fix the problem, can only resort to moving to a lower labour cost country, if that’s the case get rid of the largest cost US C Suite and employ CSuite in Europe who are much better and earn less.

US C Suite highest paid on the payment for dreadful performance, only thing they are interested in is share price and maximising there won’t be earnings and nothing else.

[vladislav]

It is odd that this guy is grinning the entire time.

[Marshal_]

I'm sick of seeing your ads everywhere.

[jive]

Sweet little lies. Tell me, tell me lies!🤬

[jackoxendine]

Another way not to lower equipment prices.

[poppyslater]

This guy is a light wght
Tractors are to Deere!

[charliet]

How much money have they used to buy back their stocks. This guy is a lier.

[mikep]

Can’t work on JD and you can’t work on your cars easily. It is the industry and business model.