Deere and company is predicting its sales of agricultural equipment in the U-S and Canada will be down 15 to 20 per cent this year.
The company calls that a reflection of low commodity prices and stagnant farm incomes.
It's forecasting flat to 5 per cent lower farm equipment sales in Europe, a 15 to 20 per cent drop in South America and flat to slightly lower sales in Asia.
Deere says it's overall worldwide net sales and revenues decreased 4 per cent in the second quarter and 8 per cent in the first six months of it's current fiscal year.
The company's Agriculture and Turf division posted an operating profit of 614 million dollars for the quarter - 759 million year to date.
That compares to 639 million and 907 million for the same period last year.
