John Deere to Invest $20 Billion in US Manufacturing Over the Next Decade

The farm equipment maker dispels rumors that it would freeze domestic manufacturing.

A John Deere tractor cultivates a field in Loami, Ill., in a file photo. Seth Perlman/AP Photo

John Deere plans to invest $20 billion in U.S. manufacturing over the next 10 years, the company recently announced.

In a June 6 news release, John Deere said that its investment price tag reaffirmed its long-term commitment to “building and growing right here at home.” The farm equipment maker rebutted rumors that it would be scaling back domestic manufacturing.