Deere & Company Investor Relations - John Deere
Deere & Company Investor Relations - John Deere
Deere & Company Investor Relations - John Deere
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CIS<br />
Government Support of Agriculture<br />
Export barriers lifted<br />
Russian grain export ban ended in July 2011<br />
Ukraine’s wheat and corn export duty ended in October 2011<br />
Barley export duty ended in January 2012<br />
Russian Ag funding is expected to increase in 2012 by ~ 7% in nominal terms<br />
Annual Ag support in the Russian National Ag Program for 2013 - 2020 expected to<br />
more than double by 2020 in nominal terms, but can be shortened and/or<br />
restructured due to WTO requirements<br />
Ag modernization support, including machinery investments, expected to be $4.2 billion<br />
over 8 year period<br />
Loan interest rate subsidies may decline in favor of direct payments<br />
56<br />
| <strong>Deere</strong> & <strong>Company</strong> | May / June 2012
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