John Deere's R&D spending 2012-2023
largest farm machinery manufaturers worldwide.
Deere and Company, spent about 2.2 billion U.S. dollars on research and development in 2023. This represents an increase compared to the nearly 1.9 billion U.S. dollars spent the previous year. Investments into new, advanced products were partially responsible for the higher R&D expenses. Deere & Co. is among the