Deere Raises Outlook on Surging Demand and Crop Prices

Deere reported a strong quarter with a significant increase in sales and income, raising its full-year income outlook. The company benefits from rising AG equipment prices and strong demand. Despite supply chain pressures, Deere manages these challenges better than many peers, aided by its pricing power and technological investments. Labor market dynamics, including wage increases, are also discussed.

What role does technology play in Deere's pricing strategy?

In what ways has Deere managed to maintain its performance despite industry-wide challenges?