Another indication of just how much the strong ag economy is contributing to the general economy.
The Waterloo, Iowa, Courier reports John Deere has added a net total of nearly 15-hundred union-wage workers to its Waterloo operations in the past three-and-a-half years, including 390 additional union jobs over the past year. Those figures were supplied by the local auto workers union in Waterloo.
According to company officials, Deere currently employs roughly six-thousand people at its Waterloo operations, which the Courier says is the highest number in the past 20 years.
Deere builds many of its large farm tractors in Waterloo.
Deere as a company is riding a three-year run of record earnings, and the company logged its first $3 billion earnings year ever for the fiscal year which ended Oct. 31. Two weeks ago, Deere posted its 11th consecutive quarter of record earnings.
Source: brownfieldagnews.com