Wednesday, November 23, 2011

John Deere's Profits Jump 46 Percent -- Wow -- The Bakken, North Dakota, USA

Updates

May 16, 2012: John Deere/CEO visits Bismarck (regional links break early and break often); huge distributor is in Bismarck, ND. 
A booming economy is attracting a lot of attention to North Dakota and a lot of officials.

A busy oil patch and a nation leading Ag industry brings the CEO of John Deere to western North Dakota.

Ag Reporter Sarah Gustin visits with this top official about John Deere's presence in North Dakota's 2 largest industries.

(Ron Offutt / RDO Founder) "It doesn't get any higher in Moline, Illinois than who's here today. So Sam, chairman of John Deere, would you come say a few words to this great team, because we are proud of it.

The CEO of John Deere, Sam Allen is stepping out of the office and into the shop to get a 1st hand look at the equipment he oversees.

RDO Ag and Construction is the largest independent dealer for John Deere.

RDO has 60 locations in 9 states.

Bismarck is the largest store.
Original Post

Link here.

It sure would be fun to see John Deere sales broken out by region, state, and county. One just wonders how much western Dakota farmers and non-farming contractors have spent on heavy (and light) equipment this past year, either as a result, directly or indirectly, of the oil boom in the Bakken.

My hunch: North Dakota contributed a lot to John Deere's bottom line.

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