About Reynolds Farm Equipment

Reynolds Farm Equipment has been an authorized John Deere dealer serving central Indiana since 1955. We are an authorized John Deere dealer that markets John Deere Tractors, John Deere Farm Equipment, John Deere Agricultural Equipment, John Deere Commercial Worksite Equipment, John Deere Golf and Turf Equipment, John Deere Lawn and Garden Equipment, John Deere New Parts, John Deere Used Parts, John Deere Tractor Parts, and John Deere Toys. Our blog, John Deere Stuff, will provide you with useful information related to our business in the farming equipment industry.

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Sunday, June 27, 2010

Iowa Plant gets $100 Million Deere Investment

Bloomberg / Business Week


Deere & Co. has announced it will invest about $100 million to modernize the John Deere Foundry in Waterloo, Iowa.

According to Deere, the modernization work will take place over the next 4 to 5 years. The project will allow the heavy equipment maker to improve manufacturing capacity and flexibility.

According to Deere executive David Everitt, the integrated approach in the design and manufacturing of large row crop and four-wheeled-drive tractors gives the company a competitive advantage.

Wednesday's announcement by Moline, Ill.-based Deere was made in conjunction with the Iowa Department of Economic Development. The department agreed to provide tax incentives to Deere to retain the Waterloo Foundry jobs in Iowa.

Deere is the world's largest maker of agricultural equipment. It also makes construction, forestry and landscaping equipment, such as backhoes, excavators, riding mowers and leaf blowers.