John Deere precision ag equipment sales are expected to grow more than 30%

Analysts are forecasting a big payoff for John Deere‘s bet on precision agriculture.

Researchers are Moody’s expect the company to bring in a 36 percent increase year-over-year, despite ongoing supply chain issues that Deere executives say are expected to last through the year.

The company reported a 25 percent increase in net sales during the third quarter, revising its full-year earnings outlook to a range between $7-7.2 billion.

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