Deere takes a hit as farm economy weakens
Story Date: 8/14/2014

 Source: WINSTON SALEM JOURNAL, 8/13/14

MOLINE, Ill. (AP) -- Deere's profit slumped 15 percent in the third quarter and the farming equipment maker, seeing weak sales ahead, trimmed its outlook and will cut production.

Chairman and CEO Samuel Allen said Wednesday that the cuts will bring production "in line with demand for our agricultural products."

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