John Deere's R&D spending 2015-2019

Deere and Company, spent between 1.7 and 1.8 billion U.S. dollars on research and development in 2019. This is an increase of almost eight percent year-on-year. Investments into new, advanced products were partially responsible for the higher R&D expenses. Deere & Co. is among the largest farm machinery manufaturers worldwide.

Disruptions to John Deere’s operations

Research and development spending is important for any company involved in the production of agricultural technology. Changing laws and regulations on fuel-use is one reason John Deere must invest in developing new diesel engines. Research and development spending at manufacturing companies often come at times that markets are expected to be disrupted. Emerging trends such as smart agriculture allow businesses to create new products that have an edge over competitor products and encourage consumers to buy at times of limited spending. International trade disputes on agricultural products and changes in global food demand are likely to disrupt agricultural industries, including equipment manufacturing. The increased R&D costs can often be accompanied by cuts elsewhere. In 2019, John Deere cited trade and economic uncertainties as reason for laying off 160 of its employees in U.S. production facilities.

John Deere's (Deere & Company's) R&D spending from FY 2015 to FY 2019

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Source

Release date

2020

Region

Worldwide

Survey time period

FY 2015 to FY 2019

Supplementary notes

Some figures were restated for adoption of ASU No. 2017-07, according to the source.

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