Deere and Company expects it's sales of agricultural equipment in the U-S and Canada to be down about 25 per cent this year.
The company's second-quarter earnings report blames it on lower commodity prices and falling farm incomes.
Deere officials say the biggest impact is being felt in the sales of larger models.
Sales in the EU28 are forecast to be down about 10 per cent this year, with South American sales down from 15 to 20 per cent from last year.
Deere says it's worldwide net sales and revenues were down 18 per cent in the second quarter.
For the first six months of the current fiscal, Deere and Company's net income was just over 1 billion dollars.
That's down from the over 1 point 6 billion dollar net income for the same period last year.
