Deere & Co. is a Humankind 100 company whose ranking is based on its Humankind Value, a proprietary metric that provides an estimate of the overall dollar amount a company creates for investors, consumers, employees, and society at large.
Deere & Co. manufactures equipment used in agriculture, forestry, construction, diesel vehicles, and lawn care. Its signature products are sold under the brand name John Deere. The company also has a family of brands related to machinery, robotics, and agriculture.
(All values are in US Dollars, where M=Million, B=Billion, T=Trillion.)
Deere & Co. generates positive Humankind Value on balance, primarily because of its contributions to Crop Production ($288.9 B), Economic Value ($15.2 B), and Medical Services ($3 B). Producing enough to feed billions of people is a systemic challenge addressed by modern crop types, synthetic fertilizers, tailored pesticides, and efficient irrigation, but accomplishing this feat with just a small percentage of the workforce can be attributed to industrial agricultural machinery. As one of the world’s largest producers of tractors and other farm equipment, Deere benefits from its pivotal role in enabling global food production. Deere & Co. is one of the top ten companies for Crop Production of all the companies we have analyzed, adding an estimated 5,993,923.5 equivalent years of life not lost to death or reduction in quality of life. It also produces economic value by offering to consumers goods and services that they value, paying employees for their labor in producing these goods and services, and providing value for shareholders. However, Deere & Co. has room for improvement with respect to Calorie Conversion (-$61.7 B) and Air Pollution (-$18.3 B). The company’s impact on Crop Production, Economic Value, Calorie Conversion, and Air Pollution are largely consequences of supply chain partners linked to the company. For this firm, supply chain partners increase its already positive Humankind Value.