Major company announces $20 billion investment in US economy
John Deere recently announced that it will be investing $20 billion in the company's operations in the United States over the next decade.
According to Farms.com, John Deere CEO John May explained during the company's recent second quarter 2025 earnings call that the company will be investing an additional $20 billion into its operations as part of the U.S. economy. The outlet noted that the investment demonstrates the company's commitment to invest in domestic manufacturing and create job opportunities in the United States over the next 10 years.
'Despite the near-term market challenges, we remain confident in the future,' May said. 'Our commitment to delivering value for our customers includes ongoing investment in advanced products, solutions, and manufacturing capabilities. Over the next decade, we will continue to make significant investments in our core U.S. market, underscoring our dedication to innovation and growth while focusing on remaining cost-competitive in a global market.'
According to AGDaily, John Deere's $20 billion investment includes the construction of a new excavator manufacturing plant in Kernersville, North Carolina, a 120,000-square-foot expansion of the company's remanufacturing facility in Missouri, new assembly lines for John Deere's 9RX tractors in Waterloo, Iowa, and upgrades to the company's turf equipment plant in Greeneville, Tennessee.
READ MORE: Video: Iconic tech company announces $500 billion investment in US economy
Farms.com reported that John Deere has invested roughly $2.5 billion in the company's U.S. factories since 2019. The outlet noted that John Deere has invested $100 million in U.S. factories just this year and that the economic impact of the company's operations across the United States is estimated at roughly $25 billion.
According to AG Daily, John Deere currently has 60 facilities in 16 states and employs 30,000 employees in the United States. AG Daily reported that another 50,000 people are employed at independent John Deere dealerships.
John Deere Chief Financial Officer Josh Jepsen told Brownfield AGNews, 'Our roots are in manufacturing here in the U.S. We're 188 years old. And the vast majority of that in the Midwest, really in Iowa and Illinois. So reaffirming that commitment (through this investment).'
'It's a real impact, and it's beyond just the products we're building,' Jepsen added. 'It's the employment that we drive, it's the local suppliers that we're impacting. And then it's the communities that we're in.'
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