Why Deere Is Weeding Out Dealers Even as Farms Boom†

Some Veteran Retailers Feel Betrayed By Shift; 'We Are Not a Family'

Wall Street Journal, August 14, 2007 — For more than a century, Deere & Co. has relied on dealers to sell its iconic John Deere tractors and other farm equipment. Deere dealers like to brag that they "bleed green," the company's trademark color.

But even as the farm boom helps Deere harvest record profits, dozens of North American dealerships are getting sent out to pasture, including some that have passed through families for generations. Chief Executive Robert Lane says times have changed. In an age when tractors use satellites to track the location of every seed, he says, dealers must match the sophistication and size of agribusiness customers.