John Deere economist: Any U.S. recession likely to be mild
While a U.S. economic recession is still possible, it’s likely to be much more mild and short-lived than the deep recession of 2009.
Stay updated with breaking news from Kanlaya Barr. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
While a U.S. economic recession is still possible, it’s likely to be much more mild and short-lived than the deep recession of 2009.
Operator: Good morning and welcome to Deere & Company Second Quarter Earnings Conference Call. Your lines have been placed on listen-only until the question-and-answer session of today's conference.
Deere and Co. doubled its earnings from production agriculture in the latest quarter and expects row-crop farmers to be “very profitable” this year and making money well into 2024 due to the historically strong commodity markets.
Agricultural manufacturers are still struggling to get enough parts to continue to put together their products.
Ag manufacturers continue to struggle for parts to assemble their products. Dr. Kanlaya Barr is director of corporate economics with John Deere.