John Deere Is In HUGE Financial Trouble After THIS Happened!

[@wizpopr]

Corporate greed at it's best. Any US company that chooses to move their operations out of the country, needs to pay a tariff.

[@davidaaaa4611]

I believe DT will make them pay a tariff.

[@murraygingrich9926]

It's time to have community meetings on John Deere. They are not working for us but against us.

[@patriot8087]

The CEO screwed up and shot the company in the foot.

[@kenc3288]

Buy Fendt. Reduce machine complexity. Teach Deere a lesson.

[@agmjfcom]

Plenty of other manufacturers.

[@Michael-ob2jr]

It’s all about “Greed”!

[@delbutler885]

It is all about Greed. When the UAW went on strike during the last contract negotiations they told the world that they were going to force Deere to meet their demands. Their high handed game is biting them in the butt.

[@halwilliams1682]

International Harvester used to be the John Deere of American agriculture. Then through a series of poor decisions and the recession of the eighties they now exist only as CaseIH. As hard as it is to believe, the same thing could happen to Deere.

[@fishfoolishness4222]

Until farmers stop buying JD nothing will change.

[@k-trader1668]

It shows the CEO doesn't give a crap about the farmers or its employees pure GREED will shut him down!!!!

[@kevinstent8448]

It’s all about greed , JD should stop all of this nonsense , they are fools to even suggest it 😡

[@jaybyington4410]

All manufacturing is driven to appease the investors . We used to produce a product for money, (private ownership )that leads to long term thinking, now we invest money to make money which leads to short term thinking (on the stock market ) Profit for the investor not in the best interest of the company or the worker that produces a product. It all boils down to greed !!!!!!!

[@confusedcynic9073]

Exactly, another reason the 401k. Now even the little guy is in the stock market and expecting their 401k to rise. Stock holders demanding a ROI, management sits around thinking of ways to cut, usually labor is the first thing, then quality then service.

[@donaldklimek8232]

Maybe the investors need to get a new CEO

[@rectorkirk1158]

The investers are the problem too. When the economy drops. The investor still want a huge profit.

[@shanebradford6645]

Bill Gates Blackrock state Street Vanguard are the biggest shareholder so that company is screwed most farmers are not buying because there too expensive .a tractor we paid 250 for is now 600

[@temijinkahn511]

Tariffs only increase costs to those who "choose" to purchase the item. Consumers just choose a less expensive alternative that is made in the USA.

[@dandenham6916]

An oil change on my JD 1024R would cost me about $800. Ridiculous! Their repair labor rates are $200 and they are not sure how long it will take to service my tractor, but it could be 4 hours.

[@ArthurGephart]

Tariffs? I remember when we put tariffs on small cars , the big three now knowing the competition was shut out then jacked up their prices.

[@raylink2987]

The easiest solution is to fire upper management, starting out with the CEO that is getting more. Then he is worth paying him the amount he is going to pay the Mexican workers and see how well he likes that and keep all productions in the Great USA 🇺🇸

[@ColumbusDixon]

Great USA? You mean tRumplandia? The Canadians and Mexicans are building walls to keep the crazy tRumpettes away from them. United States? - united means joined together doesn’t it? America? That’s a continent not tRumpland.

[@delbutler885]

John Deere has been manufacturing in Mexico since 1959.

[@mikem201]

I'm seeing a lot more RED in the fields in my area.

[@jamesoliver6625]

Mark Cuban call someone insane is dripping with irony.

[@lylelarson1943]

If Farmers knew that John Deere no longer stands behind its product they certainly wouldn't buy that product

[@delbutler885]

Farmers must be totally stupid because they gaining market share in their markets.

[@thenderson5509]

CEO's and UNIONS are only part of the equation. Farmers who refuse to switch brands are just as culpable. I know a huge farming family west of Salina Kansas. John Deere and Ford. That's it. Categorically refuse to operate anything else. Green repair bills don't matter. Ford's are always getting worked on too. John deere and Ford love these kind of people.

[@royhcampbell2381]

Old Mr Deere is rolling over in his grave since he he built that first plow

[@daviddavies3810]

If John Deere haven't got customers they haven't got a company and shareholders get nothing

[@timothyjohnson6258]

"Driven by economic necessities, not politics" Is a 26 million dollar salary an economic necessity while workers go home with an unemployment check? There is an opportunity here that is big enough to drive a 4WD tractor through for some logical-minded company to flip JD on its back.

[@petes5041]

Profit before People! Typical American mentality!

[@craigsmith8217]

Corporate sees that their business is becoming a world business, not just the U.S.

[@MaryMary-yd3mn]

Someone came in who does not understand the farmers' culture and personality. That men are happy when they solve the problem by fixing the tractor or whatever.

[@montanausa329]

Was there a time in history that weather was predictable?

[@AndrewJackson-mf5qp]

What happened to corporate responsibility to their employees which was a big thing back in the sixties and seventies. Corporate greed has taken over. I watched it happen when I was working for a company where the people on the factory floor got wage rises of 1% to 2% each year and yet the CEO and his henchmen would get between 10% to 15% each year. Absolutely disgusting.

[@carlosmoniz9570]

They gotta be in trouble charging over $500 for plastic hood for my riding lawn mower

[@cajunnathan4586]

Time to go Red

[@Ham68229]

For farmers, means absolutely nothing if farmers are smart and just switch to different brands that are equal if not better than JD. Besides, JD quality really has gone down compared to other brands while parts costs increase along with service costs as well since, JD requires only their technicians can work on the equipment. So, let them go, just make certain they can't sell any of their product back in the USA. JD = over priced junk and corporate greed, nothing more. "Reasonable" priced equipment? Seriously? 1 million for a combine??? I wouldn't exactly call that "reasonably priced". Farmers do not and can't work or fix their own equipment due to JD push for exclusive rights to their own equipment. Let the other brands hire former JD workers that have been laid off already. Hate to say it but, in a way, farmers have done this to ourselves... trying to rely on new technology and continue to push said technology. Don't get me wrong, technology is great IF and only IF it's utilized correctly. No loss of jobs or sole reliability of said company to have exclusive rights to repair.

[@metalmaster8320]

So the CEO can make more money.

[@Ham68229]

@@metalmaster8320 if people in general stopped buying John Deere products, CEO will lose his job. Just takes the people to stand up. As I've said many times before. There are other and better brands on the market. It's up to the people to end the company greed

[@gdotone1]

26 million dollars. Come on. There is nothing he could do to earn that.

[@EDBZ28]

Great piece. Appears to sound very accurate. Labor unions have screwed themselves outta jobs across almost every industry and then they wanna whine and cry over losing their jobs to Mexico & overseas. $56/hr is insane and as a farmer it's a slap in the face bc it contributes so I can't afford to buy new and not only that, but the farmers grow all the food and as a result Deere and every other supplier is making money off our backs in an obscene way when you're talking these kinds of profits by Deere. By NO MEANS am I "carrying water" for Deere; I think they've become an evil greedy corporate empire....and proof of that is their record earnings for the corp. and the CEO.

[@benhur520]

All it takes is a little research to see the BS in this video. The average production line worker makes $19/hr.

[@EDBZ28]

@@benhur520not sure who and what to believe anymore. About the only thing I can say is I’m fifth gen farmer and the 3rd gen to solely run jd tractors, combines and equipment, and they have progressively gotten worse to deal with as far as cost of everything, their care for customer service and the small family farmer anymore. I’m glad channels like these are spreading negative press about them. They deserve it, just from the simple FACT that a farmer can’t work on their own tractor without spending thousands on their software. Anyone who “carries water” by defending Deere and greedy corporate giant they’ve become with record earnings, either works for them or a complete sap or just a stupid internet troll.

[@LynnMorgan-fh2re]

Small grain harvest and hail season coincide here in the grain belt, an hour can mean the difference between crop in the bin and no crop. All machines are not green, Small farms may be better off with machines less dependent on sophisticated electronics. You can't do a git by patch on a silicon chip.

[@Paradox7539]

A large farmer recently told me that Deere is going to reduce existing inventory on dealer lots, when the agricultural economy recovers Deere will have much greater pricing power by keeping inventory at modest levels and larger more expensive equipment will have to be ordered by the farmer before it is shipped to a dealer lot.

[@rlroosa]

You talk like Deere is the only Ag Equipment manufacturer. Quit buying their product and go to other brands. Deere has been heavy handed for decades with regard to dealers and customers.

[@99Racker]

Yes, the expectations of the JD leaders have gotten out of hand. The pay ratio between CEO and line worker needs work and examination. Both the line and high level workers influence the bottom line. When the overall decision matrix gets so far out of whack, issues arise, lije moving to Mexico is just one example as an historical icon in US agriculture no longer felt a link to the US farmers).

[@GordonMcElvany]

Greed, greed, greed rules the world.

[@ronniehahn1885]

John Deeres backside is overloading their smile, why are these film clips supporting JD? Why not a 400% tariff? How about a different color of equipment like a red Case?

[@paulphotios3920]

Simple solution look at what you need and examine what is available in the market.

[@russellkeeling4387]

Watching this video gives me the impression John Deere can't support the warranties it produces to protect the consumers that buy their equipment.

[@kellyfennell4559]

I farm we cannot afford what they are producing anymore don’t understand where they get there economic figures from And if u have trouble he may b a week or longer before u get going again therefore u have to have extra equipment that u can’t afford

[@ralphhorst3682]

This CEO is a corrupt monster who has no clue what it takes to be a Farmer! All he is doing is screwing them get rid of him before he screws over the whole company. I always was proud to say I owned a John Deere, but now I can’t say that!

[@lou1119]

NOBODY CAN TELL ANY COMPANY WHAT TO DO

[@russellkeeling4387]

Go with the higher tariffs. Make outsourced equipment and parts to high cost to send to the US and the US will find a way to create them without John Deere or the billionaires that say it's a mistake. It's only a problem for their bottom line.

[@lizhaydon2250]

Farmers buy US made. Buying green is not good for farmers if they want reliable equipment that they can fix when needed.

[@kentpaulhamus2158]

Any manufacturing company should serve their customers. If customers want be able to fix their own equipment, then the manufacturer should strive to make their product so this is possible.

[@russellkeeling4387]

John Deere is not only a producer of ag equipment they are also one of the top companies in the construction equipment field. It's to bad greed gets in everything but that's capitalism, love it or hate it.

[@JimRobbins-m4x]

A prime example of miss management !!

[@vintagetintrader1062]

The issue is creating a software package that can only be accessed by John Deere technicians is the reason for farmers buying other machines. Farmers like to be self reliant and ultimately unless JD start providing a farmer a interface with its machines so they can repair their own machines they are doomed

[@rectorkirk1158]

Bye bye john deere. You screwed yourselves. Paying hr and managment way to much for producing nothing.

[@DaveJohnson-f8j]

How come they can’t tell the truth 25 years ago I bought an excavator from John Deere that was made in Mexico

[@geraldbutler4990]

If our workers are out of jobs how are you going to sell your products you ruin a company by firing all your employees when the CEO & the company is making a big profit. Tariffs built this country and they shouldn't stop, greed is running rampant in our country and they forget that if nobody has jobs we can't buy anything.

[@ronniehahn1885]

How about a 300% tariff?

[@freecitizen7372]

Going woke then moving manufacturing to Mexico John Deere gets what it deserves.

[@josiewalberg2263]

I won't buy another John Deere anything from now on , my purchases will go overseas , that is where J D had planned anyway !

[@rogersw9]

Not only share holder profits but management is getting 10 times what they are worth.

[@davideckberg-p7l]

The knowledge of the announcer is nothing more than deciduous! As for Deere,the clock is ticking.

[@lesb4500]

I think you meant devious rather than deciduous which means shedding leaves Or horns like real deer do😊

[@dannygoguen1027]

Maybe it’s time to buy a case

[@donaldklimek8232]

JD production manger makes 45 dollars an hour not 4.50 as stated in Mexico, news trying to hype their move.

[@curtisbryce5096]

40% tariff.

[@alanpage8911]

China is doing a quid pro quo for US tariffs, and switched from buying US corn, soy and wheat to buying from Brazil. The effect is to see these (US) commodity prices drop 20-37%, I saw yesterday (30'12'24). Tariffs are a tax that the consumer pays, not the country of goods' origin. What about NAFTA (North American free trade agreement) - threatening to tariff John Deere machinery for moving to Mexico would seem a contradiction. Deere locking software access is an alienating move, likely to make other brands increasingly attractive. Corporate greed over practicality.

[@ChrisA-o6r]

It's a nasty situation and sometimes you have to be as nasty as the company. That's why tariffs are on the table. It may be prudent for farmers to start looking at simpler farm equipment and be prepared to spend more time in the field. With that said it's very hard to reconcile $56 to $4.50. This is the MAJOR reason the US has a service economy.

[@ralphaverill2001]

Corpoations exist for the benefit of shareholders. Period. They don't exist for the benefit of employees, all of whom, workers and managers, are 100% expendable. To expect otherwise is naĩve. Question: Workers get paid wages, managers get a salary, executives get "compensation"? Compensation for what? How were they damaged or injured and thus needing "compensation"? Note; CEO John C. May's perfect haircut probably cost more than most of JD's US workers take home in a week.

[@Ptntmstr]

What’s cool is other tractors are good. Americans first. So Deere should leave

[@rhscubadiver4379]

What else would you expect?

[@chipbaker2025]

Money grubbers , even the workers. $56 an hour.

[@martinphillips4567]

The reason John deere is doing this because democratic aloud it . I'm a Democratic and think 🤔 democratic could care less about the average American struggling. When Americans get hiring pay companies head towards the border where it's cheaper and profitable.

[@brucedoran-veevers6260]

I remember they close Canadian plant 1200 jobs , 1988

[@keithhankey2314]

Mark Cuban would move every factory overseas if he had the chance.

[@JamesBoris-d3f]

The CEO screwed up

[@emilgunnary2548]

The John Deere Fertilizer spreader is Junk Deere

[@stevepieper9784]

Loving those unions

[@bradunruh9188]

CEO's bonus should be tied to workers raise. The CEO would be worthless without them. Wake Up.

[@VulcanGunner]

All for me, none for thee.

[@donalddepew9605]

This is what happens when the manufacturer forgets about who really keeps them in business. Either a business thrives or fails. Time for Case and the other companies to step up. John Deere has crossed the line. The real losers in this are the thousands of people who build these machines.

[@lesb4500]

😮The real "losers" are the farmers who, in good faith, bought deere products over the years knowing they could fix, themselves, what they purchased. deere is the actual villain by charging far more for repairs than necessary. Repairs should never be the bottom line, only a necessity!

[@GeorgeWallace-l1s]

the beginning of the end for Deere

[@Ptntmstr]

Also hurt other countries.

[@dindongditch1776]

I can fix my own case…. Would not buy a deer

[@loydchambers6129]

John deer has been ruining their own company for years . Now it's time for them to be replaced.

[@willsvb5233]

The trade unions have forced many companies to go to Mexico!… Corporate greed has forced them to move to Mexico… the money has to come from somewhere… crazy labour rates… even crazier CEO pay scales!!! The Insanity has to bust somewhere! Guess who gets caught in the crosshairs? The poor guy on the farm who needs equipment to produce the goods that feed his family while some corporate ying Yang gets 27 million to feed his need for luxury in every aspect of his life!!! Labour Unions protected the workers from exploitation by the employers and they had their place in the day… now governments regulate that. So labour rates were the focus of the unions…. and voila we have corporations moving to other countries for lower labour costs! Nothing but a vicious circle folks!!!!

[@leroyducharme2477]

Soon to be tariffed on the way back in.

[@ArnoldM-r3m]

The rich will get richer and the poor will get poorer.

[@edwardcuevas6974]

Get rid of May.

[@supercuda1950]

All the farmers voted for Trump and they keep buying those green machines so good luck with your whining. By the way, Trump won't buy you out of your troubles this time.

[@robertjerome1889]

They only care about themselves..

[@vondinkinsvon8919]

Red tractor s are looking better

[@carlosmoniz9570]

Shut them down

[@alonzolobaton4631]

GREED😢

[@cliffowens3629]

The suits took over after John Deere's death.

[@gdotone1]

They voted for Trump so they can keep their jobs at 4.60 an hour. What’s the problem?

[@NN-sj9fg]

American labor has priced itself out of the world labor market. If the CEO had taken nothing, how much difference would hate have made on the cost of equipment sold?

[@jamesstuder5045]

Nothing new here.

[@mennozaal7538]

Only money

[@davidparker8531]

Go red

[@Ptntmstr]

Dump Deere.

[@terryjensen7118]

Isn’t any difference when our cars and trucks break down we have to take the car or truck to a dealer. What’s the difference farmers can fix the equipment themselves and we have to get robbed by the dealerships. We should have the same issue when we have problems with our vehicles. Farmer feel privileged and we can’t!!

[@gdotone1]

A tractor is never worth over 50,000 dollars no matter what it does.

[@10-4-q6i]

You right? A trackor is never worth $50,000 But my $ 50,000 TRACTOR does everything it needs to do Never heard of trackor

[@Howdydoody1878]

FAFO WITH TRUMP……

[@Ken-f6i3y]

The company has to be replaced the company has for gotten the moto of the man's moto John Deere I will not put my name on it a thing thing that is not the best that isn't the best that is me