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Date: 2026-03-03 Page is: DBtxt003.php txt00029424

US AGRICULTURE THE JOHN DEERE COMPANY ... Farm Report Governor Of Iowa LOSES IT After John Deere LEAVES Iowa! PLAY YOUTUBE VIDEO Original article: https://www.youtube.com/watch?v=4x7Hgvpb42I
Governor Of Iowa LOSES IT After John Deere LEAVES Iowa! Farm Report Jan 1, 2026 10.6K subscribers ... 8,059 views Governor Of Iowa LOSES IT After John Deere LEAVES Iowa! Iowa farm bankruptcies have skyrocketed in 2025, with more farms filing for bankruptcy protection in just six months than during all of 2024 Alternet. In this video, we explore the financial crisis gripping Iowa's agricultural community as family farmers face mounting pressures from multiple directions.Chapter 12 bankruptcy filings nationwide have surged by nearly 70% compared to the same period in 2024 AmericanFarmlandNews, with Iowa ranking second nationally at 16 filings Alternet. The crisis stems from a perfect storm of challenges: declining commodity prices for corn and soybeans, rising costs for seed, fertilizer, and equipment, and the impact of trade tariffs affecting agricultural markets. Want to verify the facts in this video? Here are all the credible sources we used for our research: Farm Equipment - 'John Deere Plans Temporary Shut Down at Ottumwa Works in Iowa' https://www.farm-equipment.com/articl... Farm Equipment - 'John Deere to Lay Off Workers in Waterloo, Iowa by January' https://www.farm-equipment.com/articl... CNN Business - 'John Deere to lay off roughly 600 employees from three US factories' https://www.cnn.com/2024/07/07/busine... AgWeb - 'John Deere Layoffs: What We Know So Far' https://www.agweb.com/news/machinery/... Farm Equipment - 'Deere to Lay Off 119 at Des Moines Works Facility' (February 24, 2025) https://www.farm-equipment.com/articl... KYOU-TV - 'How does Ottumwa's John Deere location short-term closure affect Ottumwa?' https://www.kyoutv.com/2024/11/18/how... How this was made Auto-dubbed Audio tracks for some languages were automatically generated. Peter Burgess COMMENTARY In the USA, States with substantial agricultural economies voted for Trump, but Trump policies have triggered massive corporate response that has been detrimental to farmers on an unprecedented scale. Farmers voted for Trump in the 2024 general election but are having second thoughts as Trump policies are implemented ... but the damage is done. I am not sure how the USA will navigate the social and economic disruption that is likely to dominate in the next year and beyond! Peter Burgess Transcript 0:00 26,000 workers, that's how many John Deere has laid off since March. The company that built its reputation on American farmers and American workers, is shutting down Iowa plants and opening new facilities in Mexico. The numbers are staggering. Waterlue alone lost over 1,000 workers. Deuke lost 133. The De Moines's plant lost 166. Otumwais shut down completely from December to January. Davenport lost 80. East Molen, Illinois lost 280. Those are just the ones we know about from War Act filings. Net income dropped from $10.16 billion to $7 billion, a $3 billion drop. The company's response, fire American workers, and move production to Mexico. John Deere announced 600 more layoffs effective August 30th. 310 workers at two Iowa plants in Debuke and Davenport, 280 workers from East Molen, Illinois. The reason given shifting production to 1:00 their newly planned facility in Ramos, Mexico. The Waterlue Works facility has been hit the hardest. 112 employees were told their last day would be January 3rd, right after the holidays. These workers received their pink slips 3 weeks before Christmas. In Davenport, 80 workers found out in October that they would be gone by January 3rd. Same story. Working through the holidays knowing the job ends after New Year's. The total layoffs in Waterlue alone now exceed 1,000 workers. 1,000 families in a city of 68,000 people. The Ottomwa works plant employed 400 people making hay and forage equipment. John Deere shut it down for 3 weeks in September. The company brought workers back briefly. Then it shut the plant down again from early December through early January. The company called it an inventory adjustment shutdown, reflecting reduced customer demand for agricultural equipment. But while laying off American workers, John Deere is expanding in Mexico. The Ramos facility 2:00 is being built right now. The company explicitly stated they are shifting production there. Combines that were built in East Molina and construction equipment from Deuke are moving to Ramos. All of those product lines are heading to Mexico. De Moines works in Ankenany got hit in waves. 150 workers were laid off in March. Then another 119 were announced in February. That plant makes sprayers and planters, equipment that every corn and soybean farmer needs. The financial numbers tell the real story. In their November earnings call, Deer reported 7 billion in net income. That is still $7 billion in profit, not revenue, profit, while laying off $26,000 workers. CEO compensation at John Deere tells another story. According to SEC filings, the CEO received over $26 million in total compensation. His base pay was $1.5 million. Bonuses and non-equity payouts totaled $5.9 million. That is $26 3:02 million for one person while $26,000 workers lose their jobs. Josh Beal, DeA's director of investor relations, explained the strategy in a May earnings call. He said they do expect incremental demand decline in the back half of 2024 and they are taking proactive steps to drive down field inventories. In plain terms, they are cutting production and workers to manipulate inventory levels and protect margins. The company also offered 103 early retirement buyouts in Iowa. It was an effort to reduce headcount without the bad publicity of mass layoffs. But even with those buyouts, forced layoffs continued month after month. plant after plant. Iowa alone lost over 1,700 John Deere jobs. That is according to War Act filings tracked by state officials. The worker adjustment and retraining notification act requires 60 days notice for mass layoffs. So workers know they are doomed, but they have to keep showing 4:01 up. The Intelligent Solutions Group in Urbandale got hit, too. 58 salaried employees were laid off. These were not factory workers. These were engineers and designers, the people who created John Deere's precision agriculture technology, and they are also heading out the door. CNHI Industrial, John Deere's competitor, is reportedly planning to lay off 25% of its workforce in Rine County, Wisconsin. Caseih was founded there in 1842. The entire agricultural equipment industry is collapsing employment while maintaining billions in profits. For Iowa communities, this is devastating. John Deere has been in Waterlue since 1918. Over a century, generations of families worked there. Grandfather, father, son. That continuity is broken. The institutional knowledge lost, the community pride destroyed. Mark Row, executive director of Greater Ottawa Partners in Progress, explained the 5:00 ripple effects. It is really unfortunate. You know, you have seen several of the implement dealers and manufacturers scale down their operations. It is not a shock that you hear that John Deere and some of those companies are reducing their workforce temporarily, but it is not temporary. The Mexico plant is permanent. The production moving there will not come back. Once equipment and expertise leave, they are gone. The supply chains shift. The vendor relationships change. The jobs disappear forever. The United States Department of Agriculture reports net farm income decreased 4.4%. That equals $6.5 billion less than the previous year. Farmers are struggling. Equipment sales are down. But John Deere's solution is not to help American farmers or workers. It is to abandon them. Every laid-off worker represents a family affected. Mortgages at risk, college plans canled, retirements destroyed, small businesses that depended on those workers spending also suffer. Restaurants empty, stores close, 6:02 towns die. The timing of these layoffs is particularly cruel. Many were announced right before holidays. Others took effect immediately after New Year's. Workers spent Thanksgiving and Christmas knowing they were about to lose everything. Children wonder why mom or dad is home all day now. John Deere justified the Mexico move as necessary for competitiveness. But competitiveness against whom? They dominate the North American agricultural equipment market. They are not competing. They are extracting. They are taking profits while abandoning the workers and communities that built them. Local 838 of the United Auto Workers represents many of these workers. They have watched contract after contract get worse. Benefits have been cut. Wages are stagnant while inflation soarses. Now jobs have been eliminated entirely. The union that once had leverage now just manages decline. The Debuke Works facility makes construction and forestry equipment, back hoes, dozers, loaders 7:00 that build America's infrastructure. That production is moving to Mexico. American infrastructure will be built with equipment made by Mexican workers earning a fraction of Iowa wages. An facility makes precision planting equipment. That technology allows farmers to maximize yields while minimizing inputs. It includes sprayers that protect crops from pests and disease. This critical agricultural technology is now made with fewer and fewer American workers. Some workers received offers to relocate to other John Deere facilities. But relocating means selling homes in a depressed market, leaving family starting over. And for what? To get laid off from the new location in a year or two when that production also moves to Mexico. The East Molen plant primarily produces harvesting equipment like combines. These are machines costing $500,000 or more sold to American farmers who are told to buy American while the company moves production offshore. Another 119 workers at De Moines Works received 8:01 layoff notices. The year is barely started and the cuts continue. How many more before the year ends? Another thousand, 5,000, 10,000? John Deere claims they remain committed to United States manufacturing. They say their economic impact on hometown communities is valued at 27 billion. But that impact shrinks with every layoff, every plant closure, every job moved to Mexico. The dealers are struggling, too. The John Deere dealership network employs 50,000 people. But as farmers hurt and equipment sales decline, dealers lay off mechanics and parts staff. The entire agricultural economy is contracting while John Deere protects profits by cutting American jobs. 26,000 workers. Each one a person with skills, experience, dedication. Each one told they are expendable. That their job can be done cheaper somewhere else. That their community does not matter. That their family's future is less important 9:00 than quarterly earnings. The American farmer built John Deere. American workers built the machines that fed the world. Now, John Deere abandons both. 26,000 jobs gone. Iowa plants shutting down. Production moving to Mexico. Nothing runs like a deer, especially when it is running away from American workers.

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