Deere and Company

2016 John Deere Classic winner Ryan Moore and Deere CEO Sam Allen
WVIK News

It's a milestone year for the John Deere Classic. Deere signed its first sponsorship agreement with the PGA 20 years ago, and now has the third longest sponsor relationship on the the tour.

Thanks to a strong second quarter, Deere and Company has raised its outlook for the year. Friday the company reported earnings rose to $802 million or $2.49 per share, compared to $1.56 a year ago.

A deal between John Deere and Monsanto has been called off. Monsanto canceled the agreement to sell its subsidiary, Precision Planting.

TPC Deere Run

On Midwest Week, the John Deere Classic is now 20 years old - not the tournament but the sponsorship.

ISU Research Park

The research park at Iowa State University in Ames has a new tenant. Deere and Company has opened what it calls a "strategic technology office."

Deere & Company

Earnings fell but sales and revenue rose for Deere and Company during its first quarter. 

John Deere has settled a "whistleblower" lawsuit. Thursday the US Department of Labor announced the company has agreed to pay back wages and damages to a former employee in the Quad Cities who claimed he was fired after reporting unsafe working conditions.

Deere Adds New Director

Dec 20, 2016
Deere & Company

John Deere has added a new member to its board of directors. 

Provided by Deere and Company

Today, the Quad Cities community is remembering a prominent business leader, who died last week. Hans Becherer was the chairman and CEO of Deere and Company in the 1990s, and helped Moline redevelop its downtown.

Becherer was first hired by Deere in 1962, and was elected chairman and CEO in 1990. Before his retirement in 2000, Becherer helped Deere create its relationship with the Professional Golfer's Association. And during his leadership, Moline opened the John Deere Pavilion downtown.

Becherer was also "instrumental" in the growth of Rivermont Collegiate, the private school in Bettendorf. Rivermont Director of Development, Drew Boster, says Becherer served as chairman of the Board of Trustees during the 90s.

Boster says both of his children attended the school, and Becherer laid the foundation for what Rivermont is today. Rivermont named Becherer Hall in his honor in 2001. 

Provided by Deere and Company

A former chairman and CEO of Deere and Company has died. Tuesday, Deere announced the death of Hans Becherer, who led the Moline-based company during a "time of significant growth" in the 1990s.

A native of Detroit, Becherer was first hired by Deere in 1962, and elected chairman and CEO in 1990. He spent most of his time in Europe, and is credited with expanding Deere's international operations. Under his leadership, lawn-and-garden equipment sales topped $1 billion for the first time.

Before his retirement in 2000, Becherer helped Deere create a long-term relationship with the Professional Golfer's Association. In 1997, the company began sponsoring the John Deere Classic, and became the PGA tour's official golf course equipment supplier.

That same year, Moline opened the John Deere Pavilion downtown.

Pages