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Deere & Company Investor Relations - John Deere

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U.S. Farm Balance Sheet Strong<br />

$ Billions<br />

$2,500<br />

$2,000<br />

$1,500<br />

$1,000<br />

$500<br />

$0<br />

1970<br />

1971<br />

1972<br />

1973<br />

1974<br />

1975<br />

1976<br />

1977<br />

1978<br />

1979<br />

1980<br />

1981<br />

1982<br />

1983<br />

1984<br />

1985<br />

1986<br />

1987<br />

1988<br />

1989<br />

1990<br />

1991<br />

1992<br />

1993<br />

1994<br />

1995<br />

1996<br />

1997<br />

1998<br />

1999<br />

2000<br />

2001<br />

2002<br />

2003<br />

2004<br />

2005<br />

2006<br />

2007<br />

2008<br />

2009<br />

2010<br />

2011F<br />

2012F<br />

Farm Debt Farm Equity Debt to Equity Ratio (%) Debt to Asset Ratio (%)<br />

Source: 1970 – 2010: USDA 13 February 2012<br />

2011F – 2012F: <strong>Deere</strong> & <strong>Company</strong> Forecast as of 16 May 2012<br />

80<br />

| <strong>Deere</strong> & <strong>Company</strong> | May / June 2012<br />

30%<br />

28%<br />

26%<br />

24%<br />

22%<br />

20%<br />

18%<br />

16%<br />

14%<br />

12%<br />

10%

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