Deere & Co. reported net income of $722 million for the fourth quarter ended Nov. 3, 2019, compared with net income of $785 million for the quarter ended Oct. 28, 2018. For fiscal 2019, net income attributable to Deere & Co. was $3.253 billion compared with $2.368 billion in 2018. Worldwide net sales and revenues increased 5% in both the fourth quarter and full year of 2019 to $9.896 billion and $39.258 billion, for the respective periods.

RDO Equipment, one of John Deere’s largest U.S. dealer groups, has acquired Queensland, Australia farm equipment dealership Vanderfield, according to Farm Weekly. RDO operates 37 U.S. dealership locations in 9 states.

DataConnect is the first direct, manufacturer-independent solution that enables the seamless, automatic and real-time exchange of machine data between the various machine brand platforms, including John Deere, Claas, CNH Industrial and 356FarmNet as part of the initiative.

According to an Oct. 14 report in the Wall Street Journal, it appears Deere & Co., as well as other major manufacturers of farm machinery are once again emphasizing equipment leasing to keep sales moving.

Greenway Equipment has acquired three dealership locations in Arkansas from Maus Implement. This brings Greenway’s store count to 31. The John Deere dealership group added locations in Morrilton, Russellville and Damascus, according to a published report in Arkansas Business.

U.S. agricultural machinery manufacturer John Deere plans to invest up to €6 million ($6.6 million) in the construction of a logistics complex in Serbia, according to published reports.