Deere Says Flooding Will Have Little Impact On Operations

Jun 23, 2008 (financialwire.net via COMTEX) -- DE | Quote | Chart | News | PowerRating -- June 23, 2008 (FinancialWire) Farm equipment maker Deere (NYSE: DE | Quote | Chart | News | PowerRating) (Current Market Cap: US$32.91 Bil.) said that recent flooding in the central US is expected to have only a minimal impact on the company's worldwide projected net income.

Deere's assessment was formed from the company's crop insurance program and is a result of the effective use of various risk mitigation strategies and farmers' ability to plant and replant. Deere & Company is a leading provider of products and services for agriculture, forestry, construction, lawn and turf care, landscaping and irrigation.

John Deere also provides financial services worldwide.

Deere & Company was enrolled in Investrend Research affiliate ValuEngine's professional analyst program. Complete information is available at the company's InvestorPower" page, which is accessible from http://www.investrend.com/company/list.asp?sPathParam=yes .

FinancialWire" is a fully independent, proprietary news wire service of Investrend Information, a division of Investrend Communications, Inc. It is not a press release service and receives no compensation from any company for its news or opinions. All FinancialWire" news is available at http://www.financialwire.net . The FinancialWire" NewsFeed is available in multiple formats at http://www.investrend.com/XmlFeeds?level=268 . Please address any inquiries to feedback@financialwire.net .

Free annual reports for companies mentioned in the news are available at http://investrend.ar.wilink.com/?level=279 .

http://www.financialwire.net

Morning Coffee with TradingMarkets -- Free Newsletter

More News:   Market Updates | Stock Alerts | All Trading News | Stock Index