Deere Eyes Brazil Machinery Sales Beating Europe in Coming Years
Deere & Co expects sales of machinery such as tractors and combines to Brazil will overtake those to Europe in the next five to 10 years, eventually making it the company's second-biggest market.
Sales of machines used to sow, spray chemicals and harvest everything from soybeans to corn and sugarcane are expected to climb as the South American country increases its agricultural production, Deere's Chief Financial Officer Joshua Jepsen and Cristiano Correia, production systems vice-president for Latin America, said in an interview.
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