(Radio Iowa) – John Deere’s sales slump continues. John Deere’s fourth quarter profits fell seven percent and the company’s C-E-O is warning 2026 may be another tough year for the world’s leading farm equipment manufacturer. John Deere closed the books on its fiscal year November 2nd and the company reports worldwide net sales and revenue dropped 12 percent during that 12-month period. There was an even bigger 17 percent drop in sales of John Deere combines, tractors and other large farm equipment from the company’s Production and Precision Agriculture division.

John May, the president and C-E-O of John Deere, says the company has taken steps to manage inventory and production to weather uncertainty in the ag sector, but the pressure from tariffs will remain in 2026.