facebook_pixel

Deere Introduces New Name for Financial Services Division

Deere and Company is introducing a new name – John Deere Financial – for its business unit that offers credit and other financial services. The change is being made to better represent the full breadth of products and services offered by the business. It had previously been known as John Deere Credit.

“John Deere Financial remains committed to providing products and services that help customers, dealers and others succeed around the world,” said Jim Israel, president of Deere & Company’s Worldwide Financial Services Division. An example of this growth, he said, came earlier this year when Deere established John Deere Insurance Company to strengthen the company’s position in the crop insurance industry.

“When we made the decision to expand our presence in the crop insurance industry, we realized that our name needed to change to encompass our expanding range of financial products and services,” Israel said. “The new name more accurately reflects our strong commitment to meet the diverse business needs of our customers, dealers and other distributors around the world.”

John Deere Financial will continue to serve equipment customers worldwide by offering retail, wholesale and lease financing to facilitate the sale of John Deere equipment in agriculture, construction, forestry, and turf care. The company also will continue to provide revolving credit and crop insurance for customers while assessing other products that could help customers whose work is linked to the land.

Since entering the crop insurance market in 2005, John Deere has leveraged its expertise in agriculture to help customers obtain insurance protection against yield and price loss of their crops.

“Crop insurance is just one of the complementary financial services we offer to help our customers meet their business needs,” Israel said. “Our new name provides us with an opportunity to better represent the broad range of financial services that we provide.”

The transition to the new name will take place over the next few months at various locations with signage at the division’s headquarters in Johnston being the first to change.

John Deere Financial is one of the largest providers of financial services to agricultural and construction customers in the U.S. with more than 2.6 million accounts and a managed portfolio over $23 billion. In addition to providing retail, wholesale and lease financing to help facilitate the sale of John Deere agricultural, construction and forestry, and turf and utility equipment, John Deere Financial also offers revolving credit and crop insurance. Today, John Deere Financial has approximately 1,900 employees worldwide and has operations in 20 countries.
 

Leave a Reply

Equipment Stories
Equipment

Know the Where and When of Irrigation

June 8, 2017

Soil sensors can help growers know where and when to irrigate to optimize yields. Proper sensor placement is the key.

Crop Inputs

Increase Irrigation Efficiency – and Profit – with LEPA System

August 7, 2014

A recent AgriLife Research study showed that growers who were not utilizing LEPA sprinkler systems in their irrigation program could be losing up to $100 per acre in yield.

Cotton Production

John Deere Updates Round Module Building Cotton Picker for 2015

August 7, 2014

For 2015, John Deere has updated its on-board round module building CP690 (previously known as 7760) Cotton Picker with increased power, performance and uptime.

Crop Inputs

New Cotton Webcasts Focus on Irrigation and Foliar Disease Management

July 18, 2014

Two new webcasts focusing on crop protection and irrigation management have been added to the Focus on Cotton online webcast resource, developed by Cotton Incorporated and the Plant Management Network.

Cotton Production

Get the Buzz on UAVs at Delta AgTech Symposium July 7-8

May 15, 2014

If you want to know how UAVs could impact your farming operation or business, check out the Delta AgTech Symposium: Advancing UAVs in Agriculture July 7-8 in Memphis, TN.

Cotton Production

John Deere Introduces New Module-Building CS690 Cotton Stripper

April 7, 2014

Innovative design speeds harvest, reduces labor and downtime, protects yields and increases operator comfort.

Cotton Production

New Broadcast Spray-Hoods Help Reduce Drift, Improve Coverage

March 28, 2014

A new line of broadcast spray-hoods will offer growers greater drift control while also improving the spray coverage and efficacy of the chemicals being applied.

Around The Gin
Product News

INTL FCStone Offers Online Tool for OTC Hedging Strategies

October 17, 2017

INTL FCStone Markets, LLC has introduced a new online pricing tool that provides users open access to the firm’s structured products pricing portfolio.

Product News

Americot Team Continues to Grow

October 6, 2017

Americot continues to expand the company’s sales and technical support team, with the addition of six new specialists located throughout the Cotton Belt.

Product News

NemaStrike Technology Ready for Nematode Control in 2018

October 6, 2017

Monsanto adds NemaStrike Technology as a new seed treatment solution to control nematode species across the Cotton Belt.

Product News

Americot Adds Three to Regional Sales Force

September 20, 2017

Americot, Inc. has added three new regional representatives to the company’s sales force.

Product News

Enlist One Herbicide Added to Enlist System

September 13, 2017

Dow AgroSciences adds a straight-goods 2,4-D choline herbicide for additional tank-mix flexibility in Enlist crops.

Product News

Elevore Herbicide Registered for Burndown Use

August 30, 2017

Dow AgroSciences’ Elevore herbicide has received federal registration for use in fall and spring burndown programs for cotton, soybeans and corn.

Product News

Stoneville Legacy Club Honors Charter Members

August 24, 2017

The new Stoneville Legacy Club honored 129 growers who recorded average yields of 1,794 lbs/A or higher on at least 20 acres with Stoneville cotton varieties.

Product News

Improved Bollworm Management Expected in 2018

August 23, 2017

Southeast Texas cotton farmers should have new tools available in 2018 to better manage bollworms and other potentially damaging pests.

Latest News
Equipment

Know the Where and When of Irrigation

June 8, 2017

Soil sensors can help growers know where and when to irrigate to optimize yields. Proper sensor placement is the key.

Equipment

No Yield Impact from Decreased Early Season Irrigation

May 23, 2017

A University of Georgia study shows that decreasing irrigation for cotton during the early season may not affect yields, while substantially reducing water usage.

Crop Inputs

Increase Irrigation Efficiency – and Profit – with LEPA System

August 7, 2014

A recent AgriLife Research study showed that growers who were not utilizing LEPA sprinkler systems in their irrigation program could be losing up to $100 per acre in yield.

Crop Inputs

New Cotton Webcasts Focus on Irrigation and Foliar Disease Management

July 18, 2014

Two new webcasts focusing on crop protection and irrigation management have been added to the Focus on Cotton online webcast resource, developed by Cotton Incorporated and the Plant Management Network.

Cotton Production

UAVs Could Be Game Changers for Growers and Consultants

June 2, 2014

There’s an increasing buzz in the air as the number of potential commercial uses for Unmanned Aerial Vehicles continues to grow.

Cotton Production

Get the Buzz on UAVs at Delta AgTech Symposium July 7-8

May 15, 2014

If you want to know how UAVs could impact your farming operation or business, check out the Delta AgTech Symposium: Advancing UAVs in Agriculture July 7-8 in Memphis, TN.

Cotton Production

John Deere Introduces New Module-Building CS690 Cotton Stripper

April 7, 2014

Innovative design speeds harvest, reduces labor and downtime, protects yields and increases operator comfort.

Cotton Production

New Broadcast Spray-Hoods Help Reduce Drift, Improve Coverage

March 28, 2014

A new line of broadcast spray-hoods will offer growers greater drift control while also improving the spray coverage and efficacy of the chemicals being applied.

Cotton Production

Protect Your Profits: Revolutionary Harvesters Could Save You Money

January 8, 2014

As 2014 begins, it’s clear that cotton growers will be looking for cost-cutting efficiencies to help them remain productive and

Cotton Production

Protect Your Profits: Save Money and Time with Remote Management Irrigation

January 3, 2014

As 2014 begins, it’s clear that cotton growers will be looking for cost-cutting efficiencies to help them remain productive and

Crop Inputs

AGCO Launches New Customer Support Service

January 2, 2014

AGCO has established the Fuse Contact Center, a new customer support resource to assist customers with setup, calibration and operation

Cotton Production

Valley Irrigation Offers New Cable Theft Deterrent Product

December 30, 2013

Valley Irrigation is adding the innovative Proof Positive Span Cable to its line of cable theft deterrent products. Copper theft

Cotton Production

Handle Round Modules With Care

September 6, 2013

On-board module builders have been a boon to cotton producers in terms of time, cost savings and efficiency. And as

Cotton Production

Growers Struggle with Resale of Traditional Cotton Pickers

July 15, 2013

As far as roadside scenery goes, old farm equipment isn’t the most pleasant sight. . But in recent years, traditional four- and

Equipment

The Evolution of the U.S. Ginning Industry

July 1, 2013

If Eli Whitney could walk into a modern cotton gin, he might have a hard time recognizing his contribution to