8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report:  August 18, 2010

(Date of earliest event reported)

DEERE & COMPANY

(Exact name of registrant as specified in its charter)

DELAWARE	1-4121	36-2382580
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

One John Deere Place

Moline, Illinois 61265

(Address of principal executive offices and zip code)

(309) 765-8000

(Registrant’s telephone number, including area code)

___________________________________________________

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Items 2.02

and 8.01            Results of Operations and Financial Condition and Other Events.

The following consists of Deere & Company’s press release dated August 18, 2010 concerning Third Quarter of fiscal 2010 financial results and supplemental financial information filed as Exhibit 99.1 to this report and incorporated by reference herein.

Item 9.01           Financial Statements and Exhibits.

(d)     Exhibits

(99.1)       Press release and supplemental financial information (Filed herewith)

Items 2.02

and 7.01            Results of Operations and Financial Condition and Regulation FD Disclosure (Furnished herewith)

The attached schedules of Other Financial Information (Exhibit 99.2) and Third Quarter 2010 Earnings Conference Call Information (Exhibit 99.3) are furnished under Form 8-K Items 2.02 and 7.01. The information is not filed for purposes of the Securities Exchange Act of 1934 and is not deemed incorporated by reference by any general statements incorporating by reference this report or future filings into any filings under the Securities Act of 1933 or the Securities Exchange Act of 1934, except to the extent Deere & Company specifically incorporates the information by reference.

2

Signature

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	DEERE & COMPANY
	By:	/s/ Gregory R. Noe
		Gregory R. Noe
		Secretary
Dated:  August 18, 2010

3

Exhibit Index

Number and Description of Exhibit

(99.1)	Press Release and Supplemental Financial Information (Filed herewith)
(99.2)	Other Financial Information (Furnished herewith)
(99.3)	Third Quarter 2010 Earnings Conference Call Information (Furnished herewith)

4

EX-99.1

Exhibit 99.1 (Filed herewith)

FOR RELEASE – August 18, 2010

Contact:

Ken Golden

Director, Strategic Public Relations

309-765-5678

Deere Reports Third-Quarter Earnings of $617 Million

§Income climbs 47 percent on 16 percent gain in net sales and revenues.

§Disciplined execution contributes to record quarter despite weakness in certain markets.

§Results aided by strong demand for large farm machinery and improvement in construction and forestry.

MOLINE, Illinois (August 18, 2010) — Net income attributable to Deere & Company was $617.0 million, or $1.44 per share, for the third quarter ended July 31, compared with $420.0 million, or $0.99 per share, for the same period last year.

For the first nine months of the year, net income attributable to Deere & Company was $1.408 billion, or $3.28 per share, compared with $1.096 billion, or $2.59 per share, last year.

Worldwide net sales and revenues increased 16 percent, to $6.837 billion, for the third quarter and were up 6 percent, to $18.803 billion, for nine months. Net sales of the equipment operations were $6.224 billion for the quarter and $17.009 billion for nine months, compared with $5.283 billion and $16.030 billion for the corresponding periods last year.

“John Deere’s third-quarter performance reflected the disciplined execution of our business plans and occurred despite continued weakness in certain key sectors,” said Samuel R. Allen, chairman and chief executive officer. “While we have benefited from positive conditions in the U.S. farm sector, particularly in terms of demand for large equipment, European markets are down sharply. Demand for construction and forestry equipment is improved from last year but still remains far below normal levels. Nevertheless, the company has continued to extend its competitive position as a result of our focus on serving customers with advanced new products while keeping a tight rein on costs and assets.”

Deere Announces Third-Quarter Earnings 5

Summary of Operations

Net sales of the worldwide equipment operations increased 18 percent for the quarter and were up 6 percent for nine months compared with a year ago. Sales included a favorable currency-translation effect of 3 percent for nine months and price increases of 2 percent for both periods. Equipment net sales in the United States and Canada increased 19 percent for the quarter and 6 percent year to date. Outside the U.S. and Canada, net sales were up 16 percent for the quarter and 7 percent for nine months. Currency translation for sales outside the U.S. and Canada had an unfavorable effect of 2 percent in the quarter and a favorable impact of 6 percent year to date.

Deere’s equipment operations reported operating profit of $890 million for the quarter and $2.193 billion for nine months, compared with $452 million and $1.387 billion last year.

Benefiting the quarter’s results were higher production and shipment volumes and improved price realization, partially offset by increased postretirement benefit costs. Nine-month results reflected higher production and shipment volumes, improved price realization, lower raw-material costs and the favorable effects of foreign exchange, partially offset by increased postretirement benefit costs.

Net income of the company’s equipment operations, including non-controlling interests, was $512 million for the quarter and $1.135 billion for nine months, compared with $319 million and $878 million for the respective periods last year. The same operating factors noted above, along with a higher effective tax rate, affected both quarterly and nine-month results.

Financial services net income was $102.1 million for the quarter and $274.1 million for nine months compared with $102.1 million and $217.8 million last year. Results were unchanged for the quarter and higher for nine months primarily due to improved financing spreads and a lower provision for credit losses, partially offset by lower tax credits related to wind energy projects.

Company Outlook & Summary

Company equipment sales are projected to be up about 12 percent for fiscal 2010 and up about 32 percent for the fourth quarter compared with the same periods a year

Deere Announces Third-Quarter Earnings 6

ago. Included are a favorable currency-translation impact of about 2 percent for the year and an unfavorable impact of about 1 percent for the quarter. For the fourth quarter, net income attributable to Deere & Company is anticipated to be approximately $375 million.

According to Allen, Deere’s consistent investment in advanced new products and expanded global capacity is sustaining current performance and puts the company on a solid footing for the future. “John Deere remains well-positioned to help meet the world’s growing need for agricultural commodities, shelter and infrastructure,” Allen said. “In our view, these developments hold exciting potential and should strongly support our efforts to deliver value for customers and investors well into the future.”

* * *

Equipment Division Performance

Agriculture & Turf. Sales increased 12 percent for the quarter largely due to higher shipment volumes and improved price realization. Sales were up 3 percent for the nine months primarily due to the favorable effects of currency translation and improved price realization, partially offset by lower shipment volumes.

Operating profit was $824 million for the quarter and $2.128 billion year to date, compared with $480 million and $1.472 billion last year. For the quarter, operating profit moved up primarily due to the impact of higher shipment and production volumes and improved price realization, partially offset by increased postretirement benefit costs. Nine-month operating profit was higher largely due to improved price realization, lower raw-material costs, favorable foreign-exchange effects and the impact of higher production volumes, partially offset by increased postretirement benefit costs.

Construction & Forestry. Construction and forestry sales rose 59 percent for the quarter and were up 29 percent for nine months mainly due to higher shipment volumes. The division had operating profit of $66 million for the quarter and $65 million for nine months, compared with last year’s operating losses of $28 million in the quarter and $85 million for nine months. The improvement in both periods primarily was due to higher shipment and production volumes, partially offset by increased postretirement benefit costs.

Deere Announces Third-Quarter Earnings 7

Market Conditions & Outlook

Agriculture & Turf. Worldwide sales of the company’s agriculture and turf division are forecast to increase by about 8 percent for full-year 2010, with a favorable currency-translation impact of about 2 percent.

With support from healthy farm cash receipts, solid commodity prices and low interest rates, industry farm-machinery sales in the United States and Canada are forecast to be up 5 to 10 percent for the year with much of the strength concentrated in larger equipment. In other parts of the world, industry sales in Western Europe are now forecast to decline 15 to 20 percent due to general weakness in the livestock and dairy sectors. High levels of used equipment, especially harvesting machinery, also are weighing on Western European markets. Sales in Central Europe and the Commonwealth of Independent States are expected to remain under pressure due to challenging economic conditions. Drought has affected the region as well, particularly in Russia and Kazakhstan.

In South America, industry sales are projected to increase by 25 to 30 percent mainly due to improvement in the key Brazilian and Argentinean markets. Conditions in Brazil are being helped by favorable soybean and sugarcane prices and by attractive government-supported financing. The farm economy in Argentina is benefiting from commodity prices and more-normal weather conditions.

Industry sales of turf and utility equipment in the United States and Canada are expected to be up 10 to 15 percent for the year.

Construction & Forestry. Deere’s worldwide sales of construction and forestry equipment are forecast to increase by about 35 percent for full-year 2010. The increase reflects market conditions that are somewhat improved in relation to last year’s severely depressed environment, as well as the division’s focus on aligning factory production with demand from retail customers. Sales to independent rental companies have rebounded sharply from last year’s extremely weak levels. In addition, global forestry markets are being aided by higher worldwide economic activity.

Credit. Full-year 2010 net income attributable to Deere & Company for the credit operations is forecast to be approximately $325 million. The forecast increase from 2009

Deere Announces Third-Quarter Earnings 8

is primarily due to more favorable financing spreads and a lower provision for credit losses.

John Deere Capital Corporation

The following is disclosed on behalf of the company’s credit subsidiary, John Deere Capital Corporation (JDCC), in connection with the disclosure requirements applicable to its periodic issuance of debt securities in the public market.

Net income attributable to John Deere Capital Corporation was $89.4 million for the third quarter and $222.7 million year to date, compared with $59.1 million and $128.1 million for the respective periods last year. Results were higher for both periods primarily due to improved financing spreads and a lower provision for credit losses.

Net receivables and leases financed by JDCC were $20.307 billion at July 31, 2010, compared with $19.336 billion last year.

Safe Harbor Statement

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:  Statements under “Company Outlook & Summary,” “Market Conditions & Outlook,” and other forward-looking statements herein that relate to future events, expectations and operating periods involve certain factors that are subject to change, and important risks and uncertainties that could cause actual results to differ materially.  Some of these risks and uncertainties could affect particular lines of business, while others could affect all of the company’s businesses.

The company’s agricultural equipment business is subject to a number of uncertainties including the many interrelated factors that affect farmers’ confidence.  These factors include worldwide economic conditions, demand for agricultural products, world grain stocks, weather conditions (including its effects on timely planting and harvesting, and the effects of the drought and fires in Russia), soil conditions, harvest yields, prices for commodities and livestock, crop and livestock production expenses, availability of transport for crops, the growth of non-food uses for some crops (including ethanol and biodiesel production), real estate values, available acreage for farming, the land ownership policies of various governments, changes in government farm programs and policies (including those in the U.S., Russia, and Brazil), international reaction to

Deere Announces Third-Quarter Earnings 9

such programs, global trade agreements, animal diseases and their effects on poultry and beef consumption and prices, crop pests and diseases, and the level of farm product exports (including concerns about genetically modified organisms).

Factors affecting the outlook for the company’s turf and utility equipment include general economic conditions, consumer confidence, weather conditions, customer profitability, consumer borrowing patterns, consumer purchasing preferences, housing starts, infrastructure investment, spending by municipalities and golf courses, and consumable input costs.

General economic conditions, consumer spending patterns, real estate and housing prices, the number of housing starts and interest rates are especially important to sales of the company’s construction and forestry equipment.  The levels of public and non-residential construction also impact the results of the company’s construction and forestry segment.  Prices for pulp, paper, lumber and structural panels are important to sales of forestry equipment.

All of the company’s businesses and its reported results are affected by general economic conditions in the global markets in which the company operates, especially material changes in economic activity in these markets; customer confidence in general economic conditions; foreign currency exchange rates, especially fluctuations in the value of the U.S. dollar; interest rates; and inflation and deflation rates.  General economic conditions can affect demand for the company’s equipment as well.  The current negative economic conditions and outlook in certain sectors have dampened demand for certain equipment.

Customer and company operations and results could be affected by changes in weather patterns; the political and social stability of the global markets in which the company operates; the effects of, or response to, terrorism and security threats (including those in Mexico); wars and other conflicts and the threat thereof; and the spread of major epidemics (including H1N1 and other influenzas).

Significant changes in market liquidity conditions could impact access to funding and associated funding costs, which could reduce the company’s earnings and cash flows.  Market conditions could also negatively impact customer access to capital for purchases of the company’s products; borrowing and repayment practices; and the number and size of customer loan delinquencies and defaults.  A sovereign debt crisis, in Europe or elsewhere, could continue to negatively impact currencies, global financial

Deere Announces Third-Quarter Earnings 10

markets, social and political stability, funding sources and costs, customers, and company operations and results.  State debt crises also could negatively impact customers, suppliers, demand for equipment, and company operations and results.  The company’s investment management activities could be impaired by changes in the equity and bond markets, which would negatively affect earnings.

Additional factors that could materially affect the company’s operations and results include changes in and the impact of governmental trade, banking, monetary and fiscal policies, including financial regulatory reform, and governmental programs in particular jurisdictions or for the benefit of certain industries or sectors (including protectionist policies and trade and licensing restrictions that could disrupt international commerce); actions by the U.S. Federal Reserve Board and other central banks; actions by the U.S. Securities and Exchange Commission (SEC), the U.S. Commodity Futures Trading Commission and other financial regulators; actions by environmental, health and safety regulatory agencies, including those related to engine emissions (in particular Interim Tier 4 and Final Tier 4 emission requirements), noise and the risk of climate change; changes in labor regulations; changes to accounting standards; changes in tax rates and regulations; and actions by other regulatory bodies including changes in laws and regulations affecting the sectors in which the company operates.

Other factors that could materially affect results include production, design and technological innovations and difficulties, including capacity and supply constraints and prices; the availability and prices of strategically sourced materials, components and whole goods; delays or disruptions in the company’s supply chain due to weather, natural disasters or financial hardship or the loss of liquidity by suppliers; start-up of new plants and new products; the success of new product initiatives and customer acceptance of new products; changes in customer purchasing behavior in response to changes in equipment design to meet government regulations and other standards; oil and energy prices and supplies; the availability and cost of freight; actions of competitors in the various industries in which the company competes, particularly price discounting; dealer practices especially as to levels of new and used field inventories; labor relations; acquisitions and divestitures of businesses, the integration of new businesses; the implementation of organizational changes; changes in company declared dividends and common stock issuances and repurchases.

Company results are also affected by changes in the level of employee

Deere Announces Third-Quarter Earnings 11

retirement benefits, changes in market values of investment assets and the level of interest rates, which impact retirement benefit costs, and significant changes in health care costs including those which may result from governmental action.

The liquidity and ongoing profitability of John Deere Capital Corporation and other credit subsidiaries depend largely on timely access to capital to meet future cash flow requirements and fund operations and the costs associated with engaging in diversified funding activities and to fund purchases of the company’s products.  If market volatility and general economic conditions worsen, funding could be unavailable or insufficient.  Additionally, customer confidence levels may result in declines in credit applications and increases in delinquencies and default rates, which could materially impact write-offs and provisions for credit losses.

The company’s outlook is based upon assumptions relating to the factors described above, which are sometimes based upon estimates and data prepared by government agencies.  Such estimates and data are often revised.  The company, except as required by law, undertakes no obligation to update or revise its outlook, whether as a result of new developments or otherwise.  Further information concerning the company and its businesses, including factors that potentially could materially affect the company’s financial results, is included in the company’s other filings with the SEC (including, but not limited to, the factors discussed in Item 1A. Risk Factors of the company’s most recent annual report on Form 10-K and quarterly report on Form 10-Q).

Deere Announces Third-Quarter Earnings 12

Third Quarter 2010 Press Release

(in millions of dollars)

	Three Months Ended July 31							Nine Months Ended July 31
	2010			2009			% Change	2010			2009			% Change
Net sales and revenues:
Agriculture and turf	$	5,217		$	4,651		+12	$	14,462		$	14,057		+3
Construction and forestry	1,007			632			+59	2,547			1,973			+29
Total net sales	6,224			5,283			+18	17,009			16,030			+6
Credit revenues	503			501				1,461			1,432			+2
Other revenues	110			101			+9	333			316			+5
Total net sales and revenues	$	6,837		$	5,885		+16	$	18,803		$	17,778		+6
Operating profit (loss): *
Agriculture and turf	$	824		$	480		+72	$	2,128		$	1,472		+45
Construction and forestry	66			(28		)		65			(85		)
Credit	138			95			+45	337			206			+64
Other	10			5			+100	23			9			+156
Total operating profit	1,038			552			+88	2,553			1,602			+59
Other reconciling items **	(421		)	(132		)	+219	(1,145		)	(506		)	+126
Net income attributable to Deere & Company	$	617		$	420		+47	$	1,408		$	1,096		+28
Equipment operations outside the U.S. and Canada:
Net sales	$	2,255		$	1,940		+16	$	6,307		$	5,912		+7
Operating profit	208			79			+163	533			245			+118

*	Operating profit (loss) is income from continuing operations before corporate expenses, certain external interest expense, certain foreign exchange gains and losses, and income taxes. Operating profit of the credit segment includes the effect of interest expense and foreign exchange gains or losses.
**	Other reconciling items are primarily corporate expenses, certain external interest expense, certain foreign exchange gains and losses, income taxes and net income attributable to noncontrolling interests.

13

DEERE & COMPANY
STATEMENT OF CONSOLIDATED INCOME
For the Three Months Ended July 31, 2010 and 2009
(In millions of dollars and shares except per share amounts) Unaudited

	2010		2009
Net Sales and Revenues
Net sales	$	6,224.0	$	5,282.7
Finance and interest income	448.4		459.7
Other income	164.5		142.2
Total	6,836.9		5,884.6
Costs and Expenses
Cost of sales	4,519.6		4,057.6
Research and development expenses	256.3		243.3
Selling, administrative and general expenses	751.2		659.5
Interest expense	193.1		249.3
Other operating expenses	195.0		166.2
Total	5,915.2		5,375.9
Income of Consolidated Group before Income Taxes	921.7		508.7
Provision for income taxes	308.1		87.9
Income of Consolidated Group	613.6		420.8
Equity in income (loss) of unconsolidated affiliates	5.9		(1.3		)
Net Income	619.5		419.5
Less: Net income (loss) attributable to noncontrolling interests	2.5		(.5		)
Net Income Attributable to Deere & Company	$	617.0	$	420.0
Per Share Data
Basic	$	1.45	$	.99
Diluted	$	1.44	$	.99
Average Shares Outstanding
Basic	424.5		422.9
Diluted	429.0		424.8

See Condensed Notes to Interim Financial Statements.

14

DEERE & COMPANY
STATEMENT OF CONSOLIDATED INCOME
For the Nine Months Ended July 31, 2010 and 2009
(In millions of dollars and shares except per share amounts) Unaudited

	2010		2009
Net Sales and Revenues
Net sales	$	17,009.5	$	16,029.8
Finance and interest income	1,350.7		1,368.4
Other income	442.4		380.1
Total	18,802.6		17,778.3
Costs and Expenses
Cost of sales	12,490.3		12,356.5
Research and development expenses	758.1		718.4
Selling, administrative and general expenses	2,126.5		1,986.4
Interest expense	618.9		793.2
Other operating expenses	533.9		529.4
Total	16,527.7		16,383.9
Income of Consolidated Group before Income Taxes	2,274.9		1,394.4
Provision for income taxes	866.4		298.6
Income of Consolidated Group	1,408.5		1,095.8
Equity in income of unconsolidated affiliates	6.4
Net Income	1,414.9		1,095.8
Less: Net income (loss) attributable to noncontrolling interests	7.2		(.5		)
Net Income Attributable to Deere & Company	$	1,407.7	$	1,096.3
Per Share Data
Basic	$	3.32	$	2.59
Diluted	$	3.28	$	2.59
Average Shares Outstanding
Basic	424.1		422.7
Diluted	428.4		424.1

See Condensed Notes to Interim Financial Statements.

15

DEERE & COMPANY
CONDENSED CONSOLIDATED BALANCE SHEET
(In millions of dollars) Unaudited

	July 31		October 31		July 31
	2010		2009		2009
Assets
Cash and cash equivalents	$	3,753.7	$	4,651.7	$	4,314.8
Marketable securities	232.3		192.0		181.0
Receivables from unconsolidated affiliates	31.9		38.4		37.6
Trade accounts and notes receivable - net	3,527.2		2,616.9		3,230.0
Financing receivables - net	16,236.1		15,254.7		14,122.2
Restricted financing receivables - net	2,631.8		3,108.4		3,803.0
Other receivables	693.1		864.5		695.8
Equipment on operating leases - net	1,777.9		1,733.3		1,663.5
Inventories	3,175.4		2,397.3		3,020.0
Property and equipment - net	4,398.6		4,532.2		4,411.0
Investments in unconsolidated affiliates	232.7		212.8		214.3
Goodwill	992.9		1,036.5		1,293.9
Other intangible assets - net	126.1		136.3		141.8
Retirement benefits	197.8		94.4		1,185.1
Deferred income taxes	2,592.5		2,804.8		1,555.5
Other assets	1,210.3		1,458.4		1,517.2
Total Assets	$	41,810.3	$	41,132.6	$	41,386.7
Liabilities and Stockholders’ Equity
Short-term borrowings	$	7,485.7	$	7,158.9	$	8,048.4
Payables to unconsolidated affiliates	161.3		55.0		76.0
Accounts payable and accrued expenses	5,855.5		5,371.4		5,589.9
Deferred income taxes	133.2		167.3		161.0
Long-term borrowings	16,374.2		17,391.7		16,720.9
Retirement benefits and other liabilities	5,674.6		6,165.5		3,362.8
Total liabilities	35,684.5		36,309.8		33,959.0
Total Deere & Company stockholders’ equity	6,115.2		4,818.7		7,423.6
Noncontrolling interests	10.6		4.1		4.1
Total stockholders’ equity	6,125.8		4,822.8		7,427.7
Total Liabilities and Stockholders’ Equity	$	41,810.3	$	41,132.6	$	41,386.7

See Condensed Notes to Interim Financial Statements.

16

DEERE & COMPANY
STATEMENT OF CONSOLIDATED CASH FLOWS
For the Nine Months Ended July 31, 2010 and 2009
(In millions of dollars) Unaudited

	2010			2009
Cash Flows from Operating Activities
Net income	$	1,414.9		$	1,095.8
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for doubtful receivables	84.8			138.7
Provision for depreciation and amortization	692.9			653.2
Share-based compensation expense	61.5			63.9
Undistributed earnings of unconsolidated affiliates	(1.0		)	.8
Provision (credit) for deferred income taxes	106.6			(77.9		)
Changes in assets and liabilities:
Trade, notes and financing receivables related to sales	(1,169.2		)	(261.9		)
Inventories	(1,067.9		)	(88.1		)
Accounts payable and accrued expenses	619.9			(902.4		)
Accrued income taxes payable/receivable	128.9			(86.2		)
Retirement benefits	(67.3		)	65.4
Other	284.0			(118.3		)
Net cash provided by operating activities	1,088.1			483.0
Cash Flows from Investing Activities
Collections of receivables	8,390.9			8,808.6
Proceeds from sales of financing receivables	5.1			10.3
Proceeds from maturities and sales of marketable securities	23.5			819.3
Proceeds from sales of equipment on operating leases	463.5			340.2
Government grants related to property and equipment	92.3
Proceeds from sales of businesses, net of cash sold	25.0
Cost of receivables acquired	(9,032.5		)	(8,460.8		)
Purchases of marketable securities	(55.0		)	(15.9		)
Purchases of property and equipment	(457.5		)	(647.4		)
Cost of equipment on operating leases acquired	(381.8		)	(284.8		)
Acquisitions of businesses, net of cash acquired	(43.1		)	(47.4		)
Other	(46.4		)	(38.5		)
Net cash provided by (used for) investing activities	(1,016.0		)	483.6
Cash Flows from Financing Activities
Increase (decrease) in short-term borrowings	239.9			(392.7		)
Proceeds from long-term borrowings	1,836.9			4,732.8
Payments of long-term borrowings	(2,599.6		)	(2,770.8		)
Proceeds from issuance of common stock	68.0			9.5
Repurchases of common stock	(102.8		)	(3.2		)
Dividends paid	(356.2		)	(354.9		)
Excess tax benefits from share-based compensation	19.3			1.6
Other	(28.1		)	(122.1		)
Net cash provided by (used for) financing activities	(922.6		)	1,100.2
Effect of Exchange Rate Changes on Cash and Cash Equivalents	(47.5		)	36.6
Net Increase (Decrease) in Cash and Cash Equivalents	(898.0		)	2,103.4
Cash and Cash Equivalents at Beginning of Period	4,651.7			2,211.4
Cash and Cash Equivalents at End of Period	$	3,753.7		$	4,314.8

See Condensed Notes to Interim Financial Statements.

17

	Condensed Notes to Interim Financial Statements (Unaudited)
(1)	In the first quarter of 2010, the Company adopted Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 810, Consolidation (FASB Statement No. 160, Noncontrolling Interests in Consolidated Financial Statements). ASC 810 requires that noncontrolling interests are reported as a separate line in stockholders’ equity. The net income for both Deere & Company and the noncontrolling interests are included in “Net Income.” The “Net income (loss) attributable to noncontrolling interests” is deducted from “Net Income” to determine the “Net Income Attributable to Deere & Company,” which will continue to be used to determine earnings per share. As required, the presentation and disclosure requirements were adopted through retrospective application, and the consolidated financial statement prior period information has been adjusted accordingly. The adoption did not have a material effect on the Company’s consolidated financial statements.
(2)	Dividends declared and paid on a per share basis were as follows:

	Three Months Ended July 31		Nine Months Ended July 31
	2010	2009	2010	2009
Dividends declared	$     .30	$     .28	$     .86	$     .84
Dividends paid	$     .28	$       *	$     .84	$     .84	*

 * Due to the dividend payment dates, a quarterly dividend was not included in the third quarter of 2009.  Two quarterly dividends of $.28 per share were included in the second quarter of 2009 and one quarterly dividend of $.28 per share was included in the first quarter of 2009.

(3)	The calculation of basic net income per share is based on the average number of shares outstanding. The calculation of diluted net income per share recognizes the dilutive effect of the assumed exercise of stock options.
(4)	Comprehensive income, which includes all changes in the Company’s equity during the period except transactions with stockholders, was as follows in millions of dollars:

	Three Months Ended July 31					Nine Months Ended July 31
	2010			2009		2010			2009
Net income	$	619.5		$	419.5	$	1,414.9		$	1,095.8
Other comprehensive income, net of tax:
Retirement benefits adjustment	85.1			14.7		312.1			(90.6		)
Cumulative translation adjustment	(46.0		)	211.0		(121.5		)	173.9
Unrealized gain (loss) on derivatives	(7.9		)	9.9		14.0			(14.3		)
Unrealized gain on investments	3.0			.5		3.6			6.4
Comprehensive income	$	653.7		$	655.6	$	1,623.1		$	1,171.2

(5) The consolidated financial statements represent the consolidation of all Deere & Company’s subsidiaries.  In the supplemental consolidating data in Note 6 to the financial statements, “Equipment Operations” include the Company’s agriculture and turf operations and construction and forestry operations, with Financial Services reflected on the equity basis.  The supplemental “Financial Services” data in Note 6 include primarily Deere & Company’s credit operations.

18

(6) SUPPLEMENTAL CONSOLIDATING DATA
STATEMENT OF INCOME
For the Three Months Ended July 31, 2010 and 2009

(In millions of dollars) Unaudited      EQUIPMENT OPERATIONS* FINANCIAL SERVICES

	2010		2009			2010		2009
Net Sales and Revenues
Net sales	$	6,224.0	$	5,282.7
Finance and interest income	14.6		14.6			$	493.4	$	519.2
Other income	91.5		84.8			96.6		74.1
Total	6,330.1		5,382.1			590.0		593.3
Costs and Expenses
Cost of sales	4,520.0		4,058.0
Research and development expenses	256.3		243.3
Selling, administrative and general expenses	630.7		540.9			122.9		121.2
Interest expense	45.1		32.7			159.4		226.9
Interest compensation to Financial Services	50.8		63.7
Other operating expenses	53.9		34.2			159.2		145.8
Total	5,556.8		4,972.8			441.5		493.9
Income of Consolidated Group before Income Taxes	773.3		409.3			148.5		99.4
Provision (credit) for income taxes	261.7		90.5			46.5		(2.6		)
Income of Consolidated Group	511.6		318.8			102.0		102.0
Equity in Income of Unconsolidated Subsidiaries and Affiliates
Credit	94.9		99.2			.1
Other	13.0		1.6
Total	107.9		100.8			.1
Net Income	619.5		419.6			102.1		102.0
Less: Net income (loss) attributable to      noncontrolling interests	2.5		(.4		)			(.1		)
Net Income Attributable to Deere & Company	$	617.0	$	420.0		$	102.1	$	102.1

*	Deere & Company with Financial Services on the equity basis.
The supplemental consolidating data is presented for informational purposes.  Transactions between the “Equipment Operations” and “Financial Services” have been eliminated to arrive at the consolidated financial statements.

19

SUPPLEMENTAL CONSOLIDATING DATA (Continued)
STATEMENT OF INCOME
For the Nine Months Ended July 31, 2010 and 2009

(In millions of dollars) Unaudited      EQUIPMENT OPERATIONS* FINANCIAL SERVICES

	2010		2009			2010			2009
Net Sales and Revenues
Net sales	$	17,009.5	$	16,029.8
Finance and interest income	47.9		54.3			$	1,462.6		$	1,530.9
Other income	281.3		259.2			242.9			183.9
Total	17,338.7		16,343.3			1,705.5			1,714.8
Costs and Expenses
Cost of sales	12,491.4		12,357.6
Research and development expenses	758.1		718.4
Selling, administrative and general expenses	1,770.0		1,628.8			364.6			365.3
Interest expense	133.8		120.0			516.1			708.3
Interest compensation to Financial Services	142.6		181.6
Other operating expenses	127.4		156.8			465.4			427.0
Total	15,423.3		15,163.2			1,346.1			1,500.6
Income of Consolidated Group before Income Taxes	1,915.4		1,180.1			359.4			214.2
Provision (credit) for income taxes	780.3		301.8			86.0			(3.2		)
Income of Consolidated Group	1,135.1		878.3			273.4			217.4
Equity in Income of Unconsolidated Subsidiaries and Affiliates
Credit	259.0		212.1			.6			.3
Other	20.9		5.5
Total	279.9		217.6			.6			.3
Net Income	1,415.0		1,095.9			274.0			217.7
Less: Net income (loss) attributable to      noncontrolling interests	7.3		(.4		)	(.1		)	(.1		)
Net Income Attributable to Deere & Company	$	1,407.7	$	1,096.3		$	274.1		$	217.8

*	Deere & Company with Financial Services on the equity basis.
The supplemental consolidating data is presented for informational purposes.  Transactions between the “Equipment Operations” and “Financial Services” have been eliminated to arrive at the consolidated financial statements.

20

SUPPLEMENTAL CONSOLIDATING DATA (Continued)

CONDENSED BALANCE SHEET

(In millions of dollars) Unaudited	EQUIPMENT OPERATIONS*						FINANCIAL SERVICES
	July 31 2010		October 31 2009		July 31 2009		July 31 2010		October 31 2009		July 31 2009
Assets
Cash and cash equivalents	$	3,333.5	$	3,689.8	$	2,212.1	$	420.2	$	961.9	$	2,102.8
Marketable securities							232.3		192.0		181.0
Receivables from unconsolidated subsidiaries and affiliates	1,373.4		461.4		437.7		2.0				.6
Trade accounts and notes receivable - net	804.0		775.4		842.9		3,340.4		2,345.5		3,014.5
Financing receivables - net	10.4		5.4		6.9		16,225.7		15,249.3		14,115.3
Restricted financing receivables - net							2,631.8		3,108.4		3,803.0
Other receivables	642.7		734.4		620.1		68.1		130.8		57.7
Equipment on operating leases - net							1,777.9		1,733.3		1,663.5
Inventories	3,175.4		2,397.3		3,020.0
Property and equipment - net	3,381.4		3,457.2		3,267.0		1,017.2		1,075.1		1,144.0
Investments in unconsolidated subsidiaries and affiliates	3,350.1		3,164.6		3,075.5		6.3		6.5		6.0
Goodwill	992.9		1,036.5		1,293.9
Other intangible assets - net	122.1		136.3		141.8		4.0
Retirement benefits	196.8		93.2		1,182.4		5.1		10.2		4.0
Deferred income taxes	2,763.6		2,932.9		1,687.2		97.7		91.7		85.4
Other assets	331.2		399.6		461.3		879.0		1,059.3		1,056.4
Total Assets	$	20,477.5	$	19,284.0	$	18,248.8	$	26,707.7	$	25,964.0	$	27,234.2
Liabilities and Stockholders’ Equity
Short-term borrowings	$	92.1	$	489.7	$	745.3	$	7,393.5	$	6,669.2	$	7,303.0
Payables to unconsolidated subsidiaries and affiliates	163.3		54.9		76.4		1,341.5		422.9		400.0
Accounts payable and accrued expenses	5,198.5		4,614.0		4,937.3		1,292.0		1,262.8		1,262.7
Deferred income taxes	82.4		93.7		84.5		319.6		293.4		293.6
Long-term borrowings	3,181.9		3,072.5		1,652.9		13,192.3		14,319.2		15,068.1
Retirement benefits and other liabilities	5,635.1		6,138.3		3,326.7		43.6		36.3		37.4
Total liabilities	14,353.3		14,463.1		10,823.1		23,582.5		23,003.8		24,364.8
Total Deere & Company stockholders’ equity	6,115.2		4,818.7		7,423.6		3,123.6		2,958.3		2,867.4
Noncontrolling interests	9.0		2.2		2.1		1.6		1.9		2.0
Total stockholders’ equity	6,124.2		4,820.9		7,425.7		3,125.2		2,960.2		2,869.4
Total Liabilities and Stockholders’ Equity	$	20,477.5	$	19,284.0	$	18,248.8	$	26,707.7	$	25,964.0	$	27,234.2

* Deere & Company with Financial Services on the equity basis.

The supplemental consolidating data is presented for informational purposes.  Transactions between the “Equipment Operations” and “Financial Services” have been eliminated to arrive at the consolidated financial statements.

21

SUPPLEMENTAL CONSOLIDATING DATA (Continued)

STATEMENT OF CASH FLOWS

For the Nine Months Ended July 31, 2010 and 2009

(In millions of dollars) Unaudited	EQUIPMENT OPERATIONS*						FINANCIAL SERVICES
	2010			2009			2010			2009
Cash Flows from Operating Activities
Net income	$	1,415.0		$	1,095.9		$	274.0		$	217.7
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for doubtful receivables	1.8			17.6			83.0			121.1
Provision for depreciation and amortization	416.3			389.3			319.9			304.4
Undistributed earnings of unconsolidated subsidiaries and affiliates	(132.5		)	(216.8		)	(.6		)	(.3		)
Provision (credit) for deferred income taxes	95.7			(178.9		)	11.0			101.0
Changes in assets and liabilities:
Receivables	(168.1		)	206.4			(8.4		)	3.4
Inventories	(818.8		)	112.5
Accounts payable and accrued expenses	729.9			(746.3		)	2.8			26.6
Accrued income taxes payable/receivable	108.4			(78.6		)	20.5			(7.5		)
Retirement benefits	(79.5		)	60.2			12.2			5.3
Other	191.0			23.1			198.2			(48.4		)
Net cash provided by operating activities	1,759.2			684.4			912.6			723.3
Cash Flows from Investing Activities
Collections of receivables							25,782.1			25,295.7
Proceeds from sales of financing receivables							17.2			33.0
Proceeds from maturities and sales of marketable securities				803.4			23.5			15.9
Proceeds from sales of equipment on operating leases							463.5			340.2
Government grants related to property and equipment							92.3
Proceeds from sales of businesses, net of cash sold	25.0
Cost of receivables acquired							(27,551.6		)	(25,624.0		)
Purchases of marketable securities				(7.6		)	(55.0		)	(8.4		)
Purchases of property and equipment	(432.0		)	(561.4		)	(25.4		)	(86.1		)
Cost of equipment on operating leases acquired							(718.4		)	(556.0		)
Acquisitions of businesses, net of cash acquired	(34.7		)	(47.4		)	(8.3		)
Other	(60.6		)	(16.4		)	(18.9		)	(21.9		)
Net cash provided by (used for) investing activities	(502.3		)	170.6			(1,999.0		)	(611.6		)
Cash Flows from Financing Activities
Increase (decrease) in short-term borrowings	(86.0		)	175.9			325.9			(568.6		)
Change in intercompany receivables/payables	(924.8		)	570.9			924.8			(570.9		)
Proceeds from long-term borrowings	139.4						1,697.4			4,732.8
Payments of long-term borrowings	(311.5		)	(77.9		)	(2,288.1		)	(2,692.9		)
Proceeds from issuance of common stock	68.0			9.5
Repurchases of common stock	(102.8		)	(3.2		)
Dividends paid	(356.2		)	(354.9		)	(142.0		)
Excess tax benefits from share-based compensation	19.3			1.6
Other	(14.2		)	(8.4		)	29.8			(113.7		)
Net cash provided by (used for) financing activities	(1,568.8		)	313.5			547.8			786.7
Effect of Exchange Rate Changes on Cash and Cash Equivalents	(44.4		)	9.0			(3.1		)	27.6
Net Increase (Decrease) in Cash and Cash Equivalents	(356.3		)	1,177.5			(541.7		)	926.0
Cash and Cash Equivalents at Beginning of Period	3,689.8			1,034.6			961.9			1,176.8
Cash and Cash Equivalents at End of Period	$	3,333.5		$	2,212.1		$	420.2		$	2,102.8

* Deere & Company with Financial Services on the equity basis.

The supplemental consolidating data is presented for informational purposes.  Transactions between the “Equipment Operations” and “Financial Services” have been eliminated to arrive at the consolidated financial statements.

22

EX-99.2

Deere & Company	Exhibit 99.2
Other Financial Information	(Furnished herewith)

For the Nine Months Ended July 31,	Equipment Operations						Agriculture and Turf						Construction and Forestry
Dollars in millions	2010				2009		2010				2009		2010				2009
Net Sales	$	17,009		$	16,030		$	14,462		$	14,057		$	2,547		$	1,973
Average Identifiable Assets
With Inventories at LIFO	$	9,035		$	9,853		$	6,918		$	7,574		$	2,117		$	2,279
With Inventories at Standard Cost	$	10,335		$	11,142		$	8,022		$	8,662		$	2,313		$	2,480
Operating Profit (Loss)	$	2,193		$	1,387		$	2,128		$	1,472		$	65		$	(85	)
Percent of Net Sales		12.9	%		8.7	%		14.7	%		10.5	%		2.6	%		-4.3	%
Operating Return on Assets
With Inventories at LIFO		24.3	%		14.1	%		30.8	%		19.4	%		3.1	%		-3.7	%
With Inventories at Standard Cost		21.2	%		12.4	%		26.5	%		17.0	%		2.8	%		-3.4	%
SVA Cost of Assets	$	(930	)	$	(993	)	$	(722	)	$	(769	)	$	(208	)	$	(224	)
SVA	$	1,263		$	394		$	1,406		$	703		$	(143	)	$	(309	)
For the Nine Months Ended July 31,		Financial Services
Dollars in millions		2010			2009
Net Income Attributable to Deere & Company	$	274		$	218
Average Equity	$	3,035		$	2,673
Return on Equity		9.0	%		8.2	%
Operating Profit	$	360		$	215
Change in Allowance for Doubtful Receivables	$	(7	)	$	34
SVA Income	$	353		$	249
Average Equity	$	3,035		$	2,673
Average Allowance for Doubtful Receivables	$	232		$	185
SVA Average Equity	$	3,267		$	2,858
Cost of Equity	$	(306	)	$	(266	)
SVA	$	47		$	(17	)
The Company evaluates its business results on the basis of accounting principles generally accepted in the United States.  In addition, it uses a metric referred to as Shareholder Value Added (SVA), which management believes is an appropriate measure for the performance of its businesses.  SVA is, in effect, the pretax profit left over after subtracting the cost of enterprise capital.  The Company is aiming for a sustained creation of SVA and is using this metric for various performance goals.  Certain compensation is also determined on the basis of performance using this measure.  For purposes of determining SVA, each of the equipment segments is assessed a pretax cost of assets, which on an annual basis is generally 12 percent of the segment’s average identifiable operating assets during the applicable period with inventory at standard cost.  Management believes that valuing inventories at standard cost more closely approximates the current cost of inventory and the Company’s investment in the asset.  Financial Services is assessed an annual pretax cost of average equity of 15 percent in 2010, compared to 18 percent in 2009, due to lower leverage in 2010.  The average equity excludes the effect of the allowance for doubtful receivables.  The cost of assets or equity, as applicable, is deducted from the operating profit or added to the operating loss of the equipment segments or Financial Services to determine the amount of SVA.  For this purpose, the operating profit of Financial Services is net income before income taxes and changes to the allowance for doubtful receivables.  The average equity and operating profit of Financial Services is adjusted for the allowance for doubtful receivables in order to more closely reflect credit losses on a write-off basis.

23

EX-99.3

Third Quarter 2010 Earnings Conference Call 18 August 2010 Exhibit 99.3 (Furnished herewith) 24

| 3rd Quarter 2010 Earnings Conference Call 2 Safe Harbor Statement & Disclosures The earnings call and accompanying material include forward-looking comments and information concerning the company’s projections, plans and objectives for the future, including estimates and assumptions with respect to economic, political, technological, weather, market acceptance and other factors that impact our businesses and customers. They also may include financial measures that are not in conformance with accounting principles generally accepted in the United States of America (GAAP). Words such as “forecast,” “projection,” “outlook,” “prospects,” “expected,” “estimated,” “will,” “plan,” “anticipate,” “intend,” “believe,” or other similar words or phrases often identify forward-looking statements. Actual results may differ materially from those projected in these forward-looking statements based on a number of factors and uncertainties. Additional information concerning factors that could cause actual results to differ materially is contained in the company’s most recent Form 8-K and periodic report filed with the Securities and Exchange Commission, and is incorporated by reference herein. Investors should refer to and consider the incorporated information on risks and uncertainties in addition to the information presented here. Investors should consider non-GAAP financial measures in addition to, and not as a substitute for, financial measures prepared in accordance with GAAP. The company, except as required by law, undertakes no obligation to update or revise its forward-looking statements whether as a result of new developments or otherwise. The call and accompanying materials are not an offer to sell or a solicitation of offers to buy any of the company’s securities. 25

| 3rd Quarter 2010 Earnings Conference Call 3 Third Quarter Overview (in millions of dollars except per share amounts) Q3 2010 Q3 2009 Change Net Sales and Revenues $6,837 $5,885 +16% Net Sales $6,224 $5,283 +18% Net Income Attributable to Deere & Company $617 $420 +47% Diluted EPS $1.44 $.99 +45% 26

| 3rd Quarter 2010 Earnings Conference Call 4 Third Quarter Overview Net Sales Equipment operations net sales: Up 18% in Q3 2010 vs. Q3 2009 Currency translation: flat Price realization: +2 points 27

| 3rd Quarter 2010 Earnings Conference Call 5 Production Tonnage* % Change Q3 2010 Actual Q3 2010 Previous Forecast Q4 2010 Forecast FY 2010 Forecast FY 2010 Previous Forecast Total Worldwide +31 +31 +53 +14 +11 Worldwide A&T +24 +25 +47 +10 +8 Worldwide C&F +96 +92 +94 +55 +45 U.S. and Canada +23 +22 +47 +9 +6 Outside U.S. and Canada +49 +55 +65 +24 +23 U.S. and Canada A&T +15 +14 +40 +3 +1 *Percentage change from same period in previous year, excluding purchased product Deere & Company Forecast as of 18 August 2010 (Previous Forecast as of 19 May 2010) 28

Deere & Company Forecast as of 18 August 2010 (Previous Forecast as of 19 May 2010) | 3rd Quarter 2010 Earnings Conference Call 6 2010 Company Outlook Fourth Quarter 2010 Forecast Net sales up ~ 32% vs. Q4 2009 Currency translation: ~ (1) point Net income attributable to Deere & Company ~ $375 million Fiscal Year 2010 Forecast Net sales up ~ 12% vs. FY 2009 Currency translation: ~ +2 points Price realization: ~ +2 points Previous forecast up 11-13% vs. FY 2009 Currency translation: ~ +3 points Price realization: ~ +1.5 points 29

| 3rd Quarter 2010 Earnings Conference Call 7 Worldwide Agriculture & Turf Third Quarter Overview (in millions of dollars) Q3 2010 Q3 2009 Change Net Sales $5,217 $4,651 +12% Operating Profit* $824 $480 +72% Production Tonnage +24% Incremental Margin ~ 61% *Operating profit impacted by: Higher shipment and production volumes Improved price realization Increased postretirement benefit costs 30

| 3rd Quarter 2010 Earnings Conference Call 8 U.S. Commodity Price Estimates 2008/09 2009/10 Forecast Previous 2009/10 2010/11 Forecast Previous 2010/11 Corn (dollars per bushel) $4.06 $3.55 $3.50 $3.90 $3.60 Wheat (dollars per bushel) $6.78 $4.87 $4.90 $5.25 $4.75 Soybeans (dollars per bushel) $9.97 $9.60 $9.50 $9.25 $8.75 Cotton (dollars per pound) $0.48 $0.63 $0.62 $0.66 $0.65 Deere & Company Forecast as of 18 August 2010 (Previous Forecast as of 19 May 2010) 31

| 3rd Quarter 2010 Earnings Conference Call 9 U.S. Farm Cash Receipts (in billions of dollars) 2009 Previous 2009 2010 Forecast Previous 2010 2011 Forecast Previous 2011 Crops 166.3 166.3 171.4 167.5 179.0 171.3 Livestock 118.8 118.8 133.3 133.0 133.0 134.6 Government Payments 12.9 12.9 12.4 12.4 11.9 11.9 Total Cash Receipts 298.0 298.0 317.1 312.9 323.9 317.8 Deere & Company Forecast as of 18 August 2010 (Previous Forecast as of 19 May 2010) 32

| 3rd Quarter 2010 Earnings Conference Call 10 European (EU-27) Economic Update Deere & Company Forecast as of 18 August 2010 General Economy Debt crises in Portugal, Italy, Ireland, Greece, and Spain have been addressed Euro has recovered from recent lows Farm Economy Crop prices have risen, allowing farmers to lock-in at attractive levels Milk prices returned to acceptable levels, but feed costs rising Input prices projected to remain above the long term average, but below peak levels of 2008 Farmers working to rebuild equity positions and diversify investments Grain storage and bio-gas competing with equipment purchases Used equipment levels remain high 33

| 3rd Quarter 2010 Earnings Conference Call 11 Russia and Eastern Europe Severe drought coupled with hot weather and fires Fires and Smoke in Russia, acquired August 4, 2010 Source: NASA Earth Observatory, http://earthobservatory.nasa.gov Heatwave in Russia, acquired July 20 - 27, 2010 Source: NASA Earth Observatory, http://earthobservatory.nasa.gov Smoke visible from John Deere Domodedovo facility Source: John Deere 34

| 3rd Quarter 2010 Earnings Conference Call 12 Farm Net Income (Loss) Brazil and Argentina Brazil (in billions of U.S. dollars) 2009 2010 Forecast Previous 2010 2011 Forecast Soybeans 2.7 1.9 1.8 2.3 Sugarcane 2.3 6.4 6.6 7.9 Other* (2.6) (3.0) (2.8) (1.1) Total 2.4 5.3 5.6 9.1 Argentina (in billions of U.S. dollars) 2009 2010 Forecast Previous 2010 2011 Forecast Total (2.5) 5.3 3.4 3.8 * Includes corn, paddy rice, and cotton Deere & Company Forecast as of 18 August 2010 (Previous Forecast as of 19 May 2010) 35

John Deere India – New Product Introduction 35 and 41 HP tractors introduced June 2010 | 3rd Quarter 2010 Earnings Conference Call 13 India Industry Tractor Sales R12 June’10 (~ 422,000 units) 5036C and 5041C tractor models Designed and developed in India specifically for the India market Cost effective Fuel efficient Standard safety features and productivity enhancements Targets the largest segment of the India tractor market Export opportunities to select markets Source: Tractor Manufacturers Association of India (TMA) 36

| 3rd Quarter 2010 Earnings Conference Call 14 Agriculture & Turf Retail Sales Industry Outlook – Fiscal 2010 U.S. and Canada Ag: Up 5-10% No change from previous forecast Western Europe Ag: Down 15-20% Previous forecast: Down 10-15% Central Europe and the CIS* countries Ag: Expected to remain under pressure No change from previous forecast South America Ag: Up 25-30% Previous forecast: Up ~ 25% U.S. and Canada turf and utility equipment: Up 10-15% Previous forecast: Up 5-10% *Commonwealth of Independent States Deere & Company Forecast as of 18 August 2010 (Previous Forecast as of 19 May 2010) 37

| 3rd Quarter 2010 Earnings Conference Call 15 Worldwide Agriculture & Turf Deere & Company Outlook Fiscal Year 2010 Forecast Net sales projected to be up ~ 8% Currency translation: ~ +2 points Previous forecast up 9-11% Currency translation: ~ +3 points Deere & Company Forecast as of 18 August 2010 (Previous Forecast as of 19 May 2010) 38

| 3rd Quarter 2010 Earnings Conference Call 16 Worldwide Construction & Forestry Third Quarter Overview (in millions of dollars) Q3 2010 Q3 2009 Change Net Sales $1,007 $632 +59% Operating Profit*/(Loss) $66 ($28) N/A Production Tonnage +96% Incremental Margin ~ 25% *Operating profit impacted by: Higher shipment and production volumes Increased postretirement benefit costs 39

U.S. Economic Indicators 2010 Forecast 2011 Forecast GDP Growth (annual percentage rate) +3.1% +2.7% Housing Starts (thousands) 638 962 Non-Residential Spending Growth (annual percentage rate) -11.7% -7.7% Government Spending Growth (annual percentage rate) -2.4% +3.9% | 3rd Quarter 2010 Earnings Conference Call 17 Worldwide Construction & Forestry Deere & Company Outlook Source: Global Insight, Calendar Year Estimates – July 2010 Fiscal Year 2010 Forecast Net sales projected to be up ~ 35% Previous forecast up ~ 30% Deere & Company Forecast as of 18 August 2010 (Previous Forecast as of 19 May 2010) 40

| 3rd Quarter 2010 Earnings Conference Call 18 Worldwide Credit Operations Credit Loss History Provision for Credit Losses / Average Owned Portfolio * Year-to-date July results annualized .49% 41 0.00% 0.50% 1.00% 1.50% 2.00% 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 *

| 3rd Quarter 2010 Earnings Conference Call 19 Past-Dues Annualized Write-offs July 2010 July 2009 Q3 2010 Q3 2009 A&T – Retail Notes 0.13% 0.18% 0.20% 0.05% C&F – Retail Notes 0.37% 0.66% 0.03% 2.27% Revolving Charge Accounts 0.97% 1.25% 2.80% 3.04% Financing Leases 0.71% 0.71% 0.18% 1.31% Total Owned 0.24% 0.37% 0.43% 0.58% Worldwide Credit Operations Owned Portfolio Past-Dues and Write-offs 42

| 3rd Quarter 2010 Earnings Conference Call 20 Worldwide Credit Operations Third Quarter 2010 Net income attributable to Deere & Company $95 million in Q3 2010 vs. $99 million in Q3 2009 Fiscal Year 2010 Forecast Net income attributable to Deere & Company of ~ $325 million Previous forecast ~ $300 million Deere & Company Forecast as of 18 August 2010 (Previous Forecast as of 19 May 2010) 43

| 3rd Quarter 2010 Earnings Conference Call 21 Consolidated Trade Receivables & Inventory (in millions of dollars) Q3 2010* Actual 2010** Forecast 2010** Previous Forecast A&T 234 675 500 C&F 219 275 200 Total, as reported 453 950 700 Total, constant exchange 444 1,150 775 * Change at 31 July 2010 vs. 31 July 2009 ** Change at 31 October 2010 vs. 31 October 2009 Deere & Company Forecast as of 18 August 2010 (Previous Forecast as of 19 May 2010) 44

| 3rd Quarter 2010 Earnings Conference Call 22 Retail Sales U.S. and Canada Ag Industry* Deere** Utility Tractors 3% double digits Row-Crop Tractors 10% in-line with industry 4WD Tractors 2% double digits Combines 7% slightly less than industry July 2010 Retail Sales and Dealer Inventories * As reported by the Association of Equipment Manufacturers ** As reported to the Association of Equipment Manufacturers *** At 31 July – in units as a % of trailing 12 months retail sales, as reported to the Association of Equipment Manufacturers Deere Dealer Inventories*** U.S. and Canada Ag 2010 2009 Row-Crop Tractors 18% 22% Combines 19% 17% 45

| 3rd Quarter 2010 Earnings Conference Call 23 July 2010 Retail Sales Western Europe Deere* Tractors double digits Combines double digits U.S. and Canada Deere Selected Turf & Utility Equipment a single digit * Based on EU Government Reporting of Registrations U.S. and Canada – Construction & Forestry Deere First-in-the-Dirt double digits Settlements double digits 46

| 3rd Quarter 2010 Earnings Conference Call 24 Material Costs and Freight Equipment Operations Third Quarter 2010 Up ~ $10 million vs. Q3 2009 Fiscal Year 2010 Forecast Down ~ $150 million vs. FY 2009 By division Agriculture & Turf ~ $175 million Construction & Forestry ~ $25 million Previous forecast down ~ $100 million vs. FY 2009 By division Agriculture & Turf ~ $125 million Construction & Forestry ~ $25 million Deere & Company Forecast as of 18 August 2010 (Previous Forecast as of 19 May 2010) 47

| 3rd Quarter 2010 Earnings Conference Call 25 Research & Development Expense Equipment Operations Third Quarter 2010 Up ~ 5% vs. Q3 2009 Currency translation: ~ (2) points Fiscal Year 2010 Forecast Up ~ 10% vs. FY 2009 Previous forecast up ~ 13% vs. FY 2009 Deere & Company Forecast as of 18 August 2010 (Previous Forecast as of 19 May 2010) 48

| 3rd Quarter 2010 Earnings Conference Call 26 Pension and OPEB Expense Third Quarter 2010 Up ~ $100 million vs. Q3 2009 Fiscal Year 2010 Forecast Up ~ $350 million vs. FY 2009 Change by category COS ~ $275 million (previous forecast ~ $300 million) SA&G ~ $75 million (previous forecast ~ $50 million) Change by division A&T ~ $275 million C&F ~ $75 million No change from previous forecast Fourth Quarter 2010 Forecast Up ~ $70 million vs. Q4 2009 Deere & Company Forecast as of 18 August 2010 (Previous Forecast as of 19 May 2010) 49

| 3rd Quarter 2010 Earnings Conference Call 27 Selling, Administrative & General Expense Equipment Operations Third Quarter 2010 Up ~ 17% vs. Q3 2009 Variable incentive compensation: ~ +8 points Pension and OPEB expense: ~ +3 points Fiscal Year 2010 Forecast Up ~ 9% vs. FY 2009 Variable incentive compensation: ~ +5 points Pension and OPEB expense: ~ +2 points Currency translation: ~ +1 point Previous forecast up ~ 9% vs. FY 2009 Variable incentive compensation: ~ +4 points Pension and OPEB expense: ~ +2 points Currency translation: ~ +2 points Deere & Company Forecast as of 18 August 2010 (Previous Forecast as of 19 May 2010) 50

| 3rd Quarter 2010 Earnings Conference Call 28 Income Taxes Equipment Operations Third Quarter 2010 Effective tax rate of ~34% Fiscal Year 2010 Forecast Projected effective tax rate, as reported ~ 40% Tax expense related to U.S. health-care legislation ~ 6% ~ $130 million, recognized in second quarter 2010 Projected effective tax rate, as adjusted ~ 34% NOTE: Due to the magnitude of the amount for the item listed above, management believes the above additional supplemental data provides valuable insight into the operating performance for fiscal year 2010. Management believes this presentation will enhance the reader’s understanding of the impact of this item on Deere & Company’s performance during the year. Management does not intend this presentation to be considered in isolation of or as a substitute for the related measures under GAAP. Deere & Company Forecast as of 18 August 2010 (Previous Forecast as of 19 May 2010) 51

| 3rd Quarter 2010 Earnings Conference Call 29 Continued Strong Operating Performance Equipment Operations Cash Flows from Operations Fiscal Year 2008: $2.4 billion Fiscal Year 2009: $1.4 billion Fiscal Year 2010 Forecast: ~ $2.4 billion Previous forecast: ~ $2.5 billion Deere & Company Forecast as of 18 August 2010 (Previous Forecast as of 19 May 2010) 52

| 3rd Quarter 2010 Earnings Conference Call 30 Share Repurchase As Part of Publicly Announced Plans Actual Shares Repurchased* (in millions) Total $ Amount (in billions) 2004 5.9 $0.2 2005 27.7 $0.9 2006 34.0 $1.3 2007 25.7 $1.5 2008 21.2 $1.7 2009 0.0 $0.0 2010 YTD 1.7 $0.1 Total 116.2 $5.7 Cumulative cost of repurchases since 2004: $5.7 billion Balance remaining on May 2007 40-million share authorization: 12.0 million May 2008 share authorization: $5.0 billion 31 July 2010 period ended shares: 423.9 million * All shares adjusted for two-for-one stock split effective 26 November 2007 53

| 3rd Quarter 2010 Earnings Conference Call 31 Other Information Fiscal Year 2010 Forecast Equipment Operations Capital Expenditures ~ $850 million Previous forecast ~ $900 million Depreciation and Amortization ~ $550 million No change from previous forecast Pension/OPEB Contributions ~ $700 million Previous forecast ~ $600 million Deere & Company Forecast as of 18 August 2010 (Previous Forecast as of 19 May 2010) 54

| 3rd Quarter 2010 Earnings Conference Call 32 Appendix 55

| 3rd Quarter 2010 Earnings Conference Call 33 Supplemental Data – Fiscal 2009 NOTE: Due to the magnitude of the amounts for the items listed above, management believes the above additional supplemental data provides valuable insight into the operating performance for fiscal year 2009. Management believes this presentation will enhance the reader’s understanding of the impact of these items on Deere & Company’s performance during the year. Management does not intend this presentation to be considered in isolation of or as a substitute for the related measures under GAAP. 56 Net income attributable to Deere & Company, as adjusted Net income attributable to Deere & Company, as adjusted Net income attributable to Deere & Company, as reported FY 2009 (millions) Diluted EPS $ 873.5 $ 2.06 Expenses related to: Goodwill impairment Voluntary employee-separation program Closure of facility in Welland, ON, Canada 274.2 0.65 57.6 0.13 $ 1,205.3 $ 2.84 30.0 0.07 $ 1,235.3 $ 2.91

| 3rd Quarter 2010 Earnings Conference Call 34 U.S. Farm Prices Source: Actual Data: USDA Forecast Data: Deere & Company Forecast as of 18 August 2010 57 $0.00 $2.00 $4.00 $6.00 $8.00 $10.00 $12.00 $14.00 Wheat Corn Soybeans

| 3rd Quarter 2010 Earnings Conference Call 35 World Farm Fundamentals Global Stocks-To-Use Ratios Corn Wheat Soybeans Source: USDA - 12 August 2010 Cotton 58

| 3rd Quarter 2010 Earnings Conference Call 36 U.S. Net Farm Cash Income (in billions of dollars) 2009 Previous 2009 2010 Forecast Previous 2010 2011 Forecast Previous 2011 Total Cash Receipts 298.0 298.0 317.1 312.9 323.9 317.8 Other Cash Income 20.7 20.7 21.6 21.6 22.5 22.5 Gross Cash Income 318.7 318.7 338.7 334.5 346.4 340.3 Cash Expenses (247.8) (247.8) (253.0) (253.0) (261.0) (260.0) Net Cash Income 70.9 70.9 85.7 81.5 85.4 80.3 Deere & Company Forecast as of 18 August 2010 (Previous Forecast as of 19 May 2010) 59

| 3rd Quarter 2010 Earnings Conference Call 37 July 2010 July 2009 A&T – Retail Notes* 1.62% 1.59% C&F – Retail Notes 2.39% 1.17% Revolving Charge Accounts 0.05% 0.04% Financing Leases 2.57% 2.55% Total Owned Non-Performing Receivables** 1.24% 1.23% * As of 31 July 2010 and 2009, Brazil non-performing receivables represent 1.11% and 1.25% of the total worldwide A&T retail note portfolio respectively. ** As of 31 July 2010 and 2009, Brazil non-performing receivables represent 0.59% and 0.65% of the total worldwide Credit operations portfolio respectively. Worldwide Credit Operations Owned Portfolio Non-Performing Receivables 60

| 3rd Quarter 2010 Earnings Conference Call 38 Past-Dues Annualized Write-offs July 2010 July 2009 Q3 2010 Q3 2009 A&T – Retail Notes 0.14% 0.20% -0.02% 0.04% C&F – Retail Notes 0.36% 0.69% -0.07% 2.59% Revolving Charge Accounts 0.95% 1.26% 2.87% 3.12% Financing Leases 1.52% 1.48% -0.41% 0.41% Total Owned 0.25% 0.40% 0.33% 0.59% John Deere Capital Corporation Owned Portfolio Past-Dues and Write-offs 61

| 3rd Quarter 2010 Earnings Conference Call 39 July 2010 July 2009 A&T – Retail Notes 0.56% 0.35% C&F – Retail Notes 2.70% 1.29% Revolving Charge Accounts 0.04% 0.04% Financing Leases 4.15% 3.77% Total Owned Non-Performing Receivables 0.68% 0.59% John Deere Capital Corporation Owned Portfolio Non-Performing Receivables 62

Deere’s fourth quarter 2010 conference call is scheduled for 9:00 a.m. central time on Wednesday, November 24, 2010 63