Deere's Allen: 'Today's Crop Surplus is Not Excessive'

Addressing the question, “When do you see a rebound in store for the agricultural sector?” Samuel Allen, Deere & Co. chairman and CEO, said in the company’s 2015 Annual Report, “Nobody knows the answer, but we do know the current downturn is about too much supply, not too little demand.

“We’ve had bumper crops on a global scale for several years now, which has caused prices for grains and oilseeds to move lower. Demand, however…

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