John Deere's R&D spending 2012-2022
largest farm machinery manufaturers worldwide.
Deere and Company, spent about 1.9 billion U.S. dollars on research and development in 2022. This represents a decrease compared to the nearly 1.6 billion U.S. dollars spent the previous year. Investments into new, advanced products were partially responsible for the higher R&D expenses. Deere & Co. is among the