Trump Says John Deere Will Invest $70 Million to Build Excavator Factory in North Carolina

John Deere will build two new factories in the United States, one in North Carolina and another in Indiana.

A John Deere excavator piles road salt in preparation for Winter Storm Kenan at the Boston Public Works Department yard in Boston, Mass., on Jan. 28, 2022. Scott Eisen/Getty Images

President Donald Trump announced on Jan. 27 that farm equipment maker John Deere will invest $70 million to build an excavator factory in North Carolina.

“It’s brand new, the best in the world. And I think it’s going to pay off very, very big,” the president said during an event in Iowa. “We don’t make them here. This is going to be the only excavator entirely made in the United States of America.”