The world’s largest maker of farm equipment, Deere & Co, has seen better days, having to announce recently they would be laying off more than 600 employees in total from their Iowa, Kansas, and Illinois plants.
The layoffs come after a 5 percent drop in third-quarter sales and a midst falling grain prices.
With a record U.S. corn and soybean crop forecast this year from the United States Department of Agriculture, prices are plummeting as a result and equipment market saturation doesn’t help John Deere’s cause.
