Notes Receivable from John Deere

9 Months Ended

Jul. 28, 2019

Notes Receivable from John Deere

Notes Receivable from John Deere

(6)  Notes Receivable from John Deere

The Company makes loans to affiliated companies. The Company receives interest from John Deere at competitive market interest rates. The lending agreements mature over the next seven years. Interest earned from John Deere was $4.5 million in the third quarter and $12.1 million in the first nine months of 2019, compared with $2.8 million and $8.0 million for the same periods last year.

The Company had notes receivable from John Deere with the following affiliated companies as follows (in millions of dollars):

	July 28		October 28		July 29
	2019		2018		2018
Limited Liability Company John Deere Financial	$	148.9	$	123.5	$	115.9
Banco John Deere S.A.		128.4		71.9		75.9
Total Notes Receivable from John Deere	$	277.3	$	195.4	$	191.8