Deere has a very strong balance sheet with industrial net/debt EBITDA of approximately 0.2 times and strong credit ratings. The company is highly cash generative and remains a “dividend aristocrat,” ...
Further supporting values and contributing to the lower carryover forecasts, the USDA revised its 2024 corn production estimate to 14,867 million bus, down 1.8% from 15,143 million bus in December.