Deere Expects Midwest Flooding to Have Minimal Impact on Projected Credit Operations' Net Income

    MOLINE, Ill., June 20 /CNW/ -- Deere & Company said that, at this time,
recent flooding in the central U.S. is expected to have only a minimal impact
on the company's worldwide credit operations' projected net income. This
statement is based on an initial assessment by outside consultants of Deere's
crop insurance program and is a result of both the effective use of various
risk mitigation strategies, including public and private reinsurance and
geographic diversification, as well as farmers' ability to plant and replant.
    Deere & Company (NYSE:   DE) is the world's leading provider of advanced
products and services for agriculture and forestry and a major provider of
advanced products and services for construction, lawn and turf care,
landscaping and irrigation. John Deere also provides financial services
worldwide and manufactures and markets engines used in heavy equipment.

For further information:

For further information: Ken Golden, Director, Strategic Public
Relations  of Deere & Company, +1-309-765-5678, cell, +1-309-230-7626 Web

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