John Deere is putting some major dollars into investing in electric-powered equipment.
The company announced it is going to spend nearly $70 million to build a battery and charger manufacturing facility in Kernersville, North Carolina. The 115,000-square-foot facility will build Kreisel battery packs for off-road vehicles.
North Carolina’s governor says it will bring 50 jobs to the area.
Related Stories
Crude availability may remain adequate, but tight distillate inventories leave less cushion if agricultural and freight demand strengthen through harvest.
U.S. tractor and combine sales fell from a year ago in July.
Farm Progress’ Women in the Field program aims to create a space where women in agriculture can build relationships with one another and find support.
New federal changes give farmers and independent mechanics greater access to John Deere repair tools.
Kubota Tractor Corporation President Alex Woods credits customer trust and a strong dealer network for the milestone.
Weak tractor and combine sales show producers remain cautious about committing capital to major equipment purchases.