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:  May 15, 2013

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

The following consists of Deere & Company’s press release dated May 15, 2013 concerning Second Quarter of Fiscal 2013 financial results and supplemental financial information filed as Exhibit 99.1 to this report and incorporated by reference herein.

Item 9.01Financial Statements and Exhibits.

(d)Exhibits

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

Items 2.02

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

The attached schedules of Other Financial Information (Exhibit 99.2) and Second Quarter 2013 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:  May 15, 2013

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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)	Second Quarter 2013 Earnings Conference Call Information (Furnished herewith)

4

EX-99.1

Exhibit 99.1 (Filed herewith)

NEWS RELEASE

Contact:

Ken Golden

Director, Global Public Relations

309-765-5678

Deere Announces Record Second-Quarter Earnings of $1.084 Billion

§Sales and income reach new single-quarter records.

§Results benefit from higher sales of farm machinery, skillful execution of business plans.

§Investment in capacity, new products attracting customers worldwide.

MOLINE, Illinois (May 15, 2013) — Net income attributable to Deere & Company was $1.084 billion, or $2.76 per share, for the second quarter ended April 30, compared with $1.056 billion, or $2.61 per share, for the same period last year.

For the first six months of the year, net income attributable to Deere & Company was $1.734 billion, or $4.41 per share, compared with $1.589 billion, or $3.91 per share, last year.

Worldwide net sales and revenues increased 9 percent, to $10.914 billion, for the second quarter and rose 9 percent to $18.335 billion for six months. Net sales of the equipment operations were $10.265 billion for the quarter and $17.058 billion for six months, compared with $9.405 billion and $15.524 billion for the periods last year.

“After a record-setting second quarter, John Deere is well on its way to another year of strong performance,” said Samuel R. Allen, chairman and chief executive officer. Second-quarter sales and income were the highest for any quarterly period in company history, he pointed out. “Deere’s results are a reflection of positive conditions in the global farm economy, which continues to show impressive strength. The company’s performance also offers further proof of the adept execution of our operating and marketing plans, which are aimed at expanding our global market presence.”

Deere Announces Second-Quarter Earnings 5

Summary of Operations

Net sales of the worldwide equipment operations increased 9 percent for the quarter and 10 percent for six months compared with the same periods a year ago. Sales included price realization of 3 percent for the quarter and year to date and an unfavorable currency-translation effect of 2 percent for the quarter and 1 percent for six months. Equipment net sales in the United States and Canada increased 9 percent for the quarter and 13 percent year to date. Outside the U.S. and Canada, net sales increased 9 percent for the quarter and 6 percent for six months, with unfavorable currency-translation effects of 4 percent and 3 percent for the periods.

Deere’s equipment operations reported operating profit of $1.663 billion for the quarter and $2.500 billion for six months, compared with $1.522 billion and $2.220 billion last year. The improvement for both periods was due primarily to the impact of price realization and higher shipment volumes. These factors were partially offset by increased production costs and higher selling, administrative and general expenses as well as unfavorable effects of foreign-currency exchange. The higher production costs were related primarily to manufacturing overhead expenses in support of growth and new products, engine-emission requirements, and postretirement benefit expenses. These items were partially offset by lower raw-material costs. In addition, higher warranty costs and research and development expenses affected year-to-date results.

Net income of the company’s equipment operations was $953 million for the second quarter and $1.478 billion for the first six months, compared with $947 million and $1.362 billion in 2012. The operating factors mentioned above, along with a higher effective tax rate and increased interest expense, affected both quarterly and year-to-date results.

Financial services reported net income attributable to Deere & Company of $125.0 million for the quarter and $257.9 million for six months compared with $109.2 million and $228.3 million last year. Results were higher for both periods primarily due to growth in the credit portfolio, partially offset by increased selling, administrative and general expenses. In addition, last year’s six-month results benefited from revenue related to wind energy credits.

Deere Announces Second-Quarter Earnings 6

Company Outlook & Summary

Company equipment sales are projected to increase by about 5 percent for fiscal 2013 and by about 3 percent for the third quarter compared with the same periods a year ago. Included is an unfavorable currency-translation impact of about 1 percent for the year. For the full year, net income attributable to Deere & Company is anticipated to be about $3.3 billion.

Although Deere expects to deliver record earnings for the year, global financial pressures as well as adverse weather patterns have added a note of caution to the outlook. “Deere’s near-term forecast is being tempered by lingering economic concerns in many parts of the world, which are restraining business confidence and growth,” Allen stated. “In addition, cool, wet weather in North America has delayed crop planting, slowed construction activity and hurt sales of turf-care equipment.”

Allen said he remained confident about the company’s longer-term prospects for growth. “We continue to believe our investment in new products and additional capacity will allow Deere to fully capitalize on the world’s increasing need for food, shelter and infrastructure in the years ahead,” he said. “These trends appear to have considerable resilience and we’re confident they should prove rewarding to our customers and investors.”

* * *

Equipment Division Performance

Agriculture & Turf. Sales increased 12 percent for the quarter and 14 percent for six months largely due to higher shipment volumes and price realization, partially offset by the unfavorable effects of currency translation.

Operating profit was $1.582 billion for the quarter and $2.347 billion year to date, compared with $1.403 billion and $1.977 billion, respectively, last year. The improvement in both periods was primarily driven by the impact of higher shipment volumes and price realization. These factors were partially offset by increased production costs as well as higher selling, administrative and general expenses and the unfavorable effects of foreign exchange. In addition, six-month results were impacted by higher warranty costs and research and development expenses.

Deere Announces Second-Quarter Earnings 7

Construction & Forestry. Construction and forestry sales decreased 6 percent for the quarter and six months mainly due to lower shipment volumes. Operating profit was $81 million for the quarter and $153 million for six months, compared with $119 million and $243 million last year. The decline in operating profit for both periods was due primarily to lower shipment volumes, increases in production costs and higher selling, administrative and general expenses, partially offset by price realization. In addition, an unfavorable product mix and higher research and development expenses affected year-to-date results.

Market Conditions & Outlook

Agriculture & Turf. Deere’s worldwide sales of agriculture and turf equipment are forecast to increase by about 7 percent for full-year 2013, including a negative currency-translation impact of about 1 percent. Relatively high commodity prices and strong farm incomes are continuing to support a favorable level of demand for farm machinery in much of the world. Deere’s sales are further benefiting from global expansion and a number of advanced new products.

Industry sales for agricultural machinery in the U.S. and Canada are forecast to be up about 5 percent in relation to last year’s healthy levels. The increase reflects continued strength in demand for large equipment such as high-horsepower tractors and combines.

Full-year industry sales in the EU27 are forecast to be down about 5 percent due to weakness in the overall economy and last year’s poor harvest in the U.K. In South America, industry sales are projected to be up 15 to 20 percent as a result of strong market conditions in Brazil. Industry sales in the Commonwealth of Independent States are expected to be down slightly from 2012, while Asian sales are projected to be little-changed.

In the U.S. and Canada, industry sales of turf and utility equipment are expected to be flat to down slightly for 2013, reflecting a cool, wet spring in North America and a continuation of cautious consumer sentiment.

Construction & Forestry. Deere’s worldwide sales of construction and forestry equipment are forecast to decrease by about 5 percent for 2013. The decline reflects a cautious outlook for U.S. economic growth, cool, wet weather conditions in

Deere Announces Second-Quarter Earnings 8

North America, and flat sales in world forestry markets. In forestry, further weakness in European markets is expected to offset higher U.S. demand.

Financial Services. Full-year 2013 net income attributable to Deere & Company for the financial services operations is expected to be approximately $550 million. The forecast improvement over last year is primarily due to expected growth in the credit portfolio and lower crop insurance claims, partially offset by higher selling, administrative and general expenses.

John Deere Capital Corporation

The following is disclosed on behalf of the company’s financial services 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 $105.9 million for the second quarter and $210.9 million year to date, compared with $78.3 million and $171.7 million for the respective periods last year. Results improved for both periods due to growth in the credit portfolio, partially offset by higher selling, administrative and general expenses.

Net receivables and leases financed by JDCC were $28.721 billion at April 30, 2013, compared with $24.558 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, trends 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

Deere Announces Second-Quarter Earnings 9

planting and harvesting), soil conditions (including low subsoil moisture from recent drought 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 Argentina, Brazil, China, the European Union, India, Russia and the U.S.), international reaction to such programs, changes in and effects of crop insurance programs, global trade agreements, animal diseases and their effects on poultry, beef and pork 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 and their volatility, 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.  Uncertainty about and actual government spending and taxing could adversely affect the economy, employment, consumer and corporate spending, and company results.

Customer and company operations and results could be affected by changes in weather patterns (including the effects of drought conditions in parts of the U.S., flooding in other parts and dryer than normal conditions in certain other markets); the political and social stability of the global markets in which the company operates;

Deere Announces Second-Quarter Earnings 10

the effects of, or response to, terrorism and security threats; wars and other conflicts and the threat thereof; and the spread of major epidemics.

Significant changes in market liquidity conditions and any failure to comply with financial covenants in credit agreements could impact access to funding and funding costs, which could reduce the company’s earnings and cash flows.  Financial market conditions could also negatively impact customer access to capital for purchases of the company’s products and customer confidence and purchase decisions; borrowing and repayment practices; and the number and size of customer loan delinquencies and defaults.  A debt crisis, in Europe or elsewhere, could negatively impact currencies, global financial markets, social and political stability, funding sources and costs, asset and obligation values, customers, suppliers, 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, access to capital, expenses and results include changes in and the impact of governmental trade, banking, monetary and fiscal policies, including financial regulatory reform and its effects on the consumer finance industry, derivatives, funding costs and other areas, and governmental programs, policies and tariffs in particular jurisdictions or for the benefit of certain industries or sectors (including protectionist and expropriation 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, Final Tier 4 and Stage IIIb non-road diesel emission requirements), carbon and other greenhouse gas emissions, noise and the risk of climate change; changes in labor regulations; changes to accounting standards; changes in tax rates, estimates, and regulations and company actions related thereto; compliance with U.S. and foreign laws when expanding to new markets; and actions by other regulatory bodies including changes in laws and regulations affecting the sectors in which the company operates.  Customer and company operations and results also could be affected by changes to GPS radio frequency bands or their permitted uses.

Deere Announces Second-Quarter Earnings 11

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 or the loss of liquidity by suppliers; the failure of suppliers to comply with laws, regulations and company policy pertaining to employment, human rights, health, safety, the environment and other ethical business practices; start-up of new plants and new products; the success of new product initiatives and customer acceptance of new products; changes in customer product preferences and sales mix whether as a result of changes in equipment design to meet government regulations or for other reasons; gaps or limitations in rural broadband coverage, capacity and speed needed to support technology solutions; 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; difficulties related to the conversion and implementation of enterprise resource planning systems that disrupt business, negatively impact supply or distribution relationships or create higher than expected costs; security breaches and other disruptions to the company’s information technology infrastructure; changes in company declared dividends and common stock issuances and repurchases.

Company results are also affected by changes in the level and funding of employee retirement benefits, changes in market values of investment assets, the level of interest and discount rates, and compensation, retirement and mortality 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 uncertainty increases 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

Deere Announces Second-Quarter Earnings 12

could materially impact write-offs and provisions for credit losses.  The failure of reinsurers of the company’s insurance business also could materially affect results.

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 reports on Form 10-Q).

Deere Announces Second-Quarter Earnings 13

Second Quarter 2013 Press Release

(in millions of dollars)

Unaudited

	Three Months Ended April 30					Six Months Ended April 30
	2013		2012		% Change	2013		2012		% Change
Net sales and revenues:
Agriculture and turf	$	8,691	$	7,735	+12	$	14,182	$	12,459	+14
Construction and forestry	1,574		1,670		-6	2,876		3,065		-6
Total net sales	10,265		9,405		+9	17,058		15,524		+10
Financial services	536		488		+10	1,063		1,036		+3
Other revenues	113		116		-3	214		215
Total net sales and revenues	$	10,914	$	10,009	+9	$	18,335	$	16,775	+9
Operating profit: *
Agriculture and turf	$	1,582	$	1,403	+13	$	2,347	$	1,977	+19
Construction and forestry	81		119		-32	153		243		-37
Financial services	198		175		+13	395		350		+13
Total operating profit	1,861		1,697		+10	2,895		2,570		+13
Reconciling items **	(111)		(100)		+11	(206)		(174)		+18
Income taxes	(666)		(541)		+23	(955)		(807)		+18
Net income attributable to Deere & Company	$	1,084	$	1,056	+3	$	1,734	$	1,589	+9

*Operating profit 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 financial services segment includes the effect of interest expense and foreign exchange gains or losses.

**Reconciling items are primarily corporate expenses, certain external interest expense, certain foreign exchange gains and losses and net income attributable to noncontrolling interests.

14

DEERE & COMPANY
STATEMENT OF CONSOLIDATED INCOME
For the Three Months Ended April 30, 2013 and 2012
(In millions of dollars and shares except per share amounts) Unaudited

	2013		2012
Net Sales and Revenues
Net sales	$	10,265.0	$	9,404.6
Finance and interest income	512.2		483.9
Other income	136.3		120.1
Total	10,913.5		10,008.6
Costs and Expenses
Cost of sales	7,482.2		6,834.5
Research and development expenses	376.8		352.0
Selling, administrative and general expenses	956.3		881.4
Interest expense	191.0		195.7
Other operating expenses	163.4		148.0
Total	9,169.7		8,411.6
Income of Consolidated Group before Income Taxes	1,743.8		1,597.0
Provision for income taxes	666.4		541.3
Income of Consolidated Group	1,077.4		1,055.7
Equity in income of unconsolidated affiliates	6.9		2.4
Net Income	1,084.3		1,058.1
Less: Net income attributable to noncontrolling interests	.1		1.9
Net Income Attributable to Deere & Company	$	1,084.2	$	1,056.2
Per Share Data
Basic	$	2.79	$	2.64
Diluted	$	2.76	$	2.61
Average Shares Outstanding
Basic	389.2		400.2
Diluted	393.1		404.7

See Condensed Notes to Interim Consolidated Financial Statements.

15

DEERE & COMPANY
STATEMENT OF CONSOLIDATED INCOME
For the Six Months Ended April 30, 2013 and 2012
(In millions of dollars and shares except per share amounts) Unaudited

	2013		2012
Net Sales and Revenues
Net sales	$	17,057.9	$	15,523.6
Finance and interest income	1,013.2		959.0
Other income	263.9		292.5
Total	18,335.0		16,775.1
Costs and Expenses
Cost of sales	12,497.0		11,410.4
Research and development expenses	733.3		664.5
Selling, administrative and general expenses	1,737.9		1,590.5
Interest expense	371.1		387.8
Other operating expenses	305.8		324.6
Total	15,645.1		14,377.8
Income of Consolidated Group before Income Taxes	2,689.9		2,397.3
Provision for income taxes	955.3		807.4
Income of Consolidated Group	1,734.6		1,589.9
Equity in income (loss) of unconsolidated affiliates	(.6)		2.6
Net Income	1,734.0		1,592.5
Less: Net income attributable to noncontrolling interests	.1		3.4
Net Income Attributable to Deere & Company	$	1,733.9	$	1,589.1
Per Share Data
Basic	$	4.46	$	3.95
Diluted	$	4.41	$	3.91
Average Shares Outstanding
Basic	388.7		402.1
Diluted	393.0		406.6

See Condensed Notes to Interim Consolidated Financial Statements.

16

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

	April 30 2013		October 31 2012		April 30 2012
Assets
Cash and cash equivalents	$	3,651.4	$	4,652.2	$	3,019.8
Marketable securities	1,399.0		1,470.4		1,338.9
Receivables from unconsolidated affiliates	52.4		59.7		66.9
Trade accounts and notes receivable - net	5,398.9		3,799.1		5,039.2
Financing receivables - net	22,744.9		22,159.1		19,452.7
Financing receivables securitized - net	3,788.3		3,617.6		3,116.0
Other receivables	1,149.9		1,790.9		1,089.2
Equipment on operating leases - net	2,575.5		2,527.8		2,168.0
Inventories	6,173.0		5,170.0		6,112.4
Property and equipment - net	5,114.0		5,011.9		4,387.6
Investments in unconsolidated affiliates	230.0		215.0		233.7
Goodwill	922.9		921.2		965.3
Other intangible assets - net	93.8		105.0		114.2
Retirement benefits	35.8		20.2		30.3
Deferred income taxes	3,373.2		3,280.4		2,944.6
Other assets	1,452.1		1,465.3		1,326.5
Total Assets	$	58,155.1	$	56,265.8	$	51,405.3
Liabilities and Stockholders’ Equity
Short-term borrowings	$	8,414.0	$	6,392.5	$	7,910.0
Short-term securitization borrowings	3,788.4		3,574.8		3,033.3
Payables to unconsolidated affiliates	143.3		135.2		189.6
Accounts payable and accrued expenses	8,132.8		8,988.9		7,631.4
Deferred income taxes	158.6		164.4		164.8
Long-term borrowings	21,752.9		22,453.1		18,719.4
Retirement benefits and other liabilities	7,498.3		7,694.9		6,360.8
Total liabilities	49,888.3		49,403.8		44,009.3
Total Deere & Company stockholders’ equity	8,264.9		6,842.1		7,378.9
Noncontrolling interests	1.9		19.9		17.1
Total stockholders’ equity	8,266.8		6,862.0		7,396.0
Total Liabilities and Stockholders’ Equity	$	58,155.1	$	56,265.8	$	51,405.3

See Condensed Notes to Interim Consolidated Financial Statements.

17

DEERE & COMPANY
STATEMENT OF CONSOLIDATED CASH FLOWS
For the Six Months Ended April 30, 2013 and 2012
(In millions of dollars) Unaudited

	2013		2012
Cash Flows from Operating Activities
Net income	$	1,734.0	$	1,592.5
Adjustments to reconcile net income to net cash used for operating activities:
Provision for credit losses	8.5		11.6
Provision for depreciation and amortization	554.4		498.7
Share-based compensation expense	45.0		37.7
Undistributed earnings of unconsolidated affiliates	9.1		(4.8)
Credit for deferred income taxes	(103.8)		(124.1)
Changes in assets and liabilities:
Trade, notes and financing receivables related to sales	(2,030.0)		(1,554.1)
Insurance receivables	462.0		81.4
Inventories	(1,235.1)		(2,019.9)
Accounts payable and accrued expenses	(665.0)		(109.0)
Accrued income taxes payable/receivable	97.4		250.7
Retirement benefits	16.8		(35.3)
Other	(49.7)		(152.7)
Net cash used for operating activities	(1,156.4)		(1,527.3)
Cash Flows from Investing Activities
Collections of receivables (excluding receivables related to sales)	7,780.6		7,094.4
Proceeds from maturities and sales of marketable securities	528.0		15.8
Proceeds from sales of equipment on operating leases	506.4		418.8
Proceeds from sales of businesses, net of cash sold			20.2
Cost of receivables acquired (excluding receivables related to sales)	(8,224.1)		(7,373.3)
Purchases of marketable securities	(460.4)		(570.3)
Purchases of property and equipment	(503.6)		(513.1)
Cost of equipment on operating leases acquired	(518.7)		(319.0)
Other	(87.0)		(102.1)
Net cash used for investing activities	(978.8)		(1,328.6)
Cash Flows from Financing Activities
Increase in total short-term borrowings	1,341.6		1,297.6
Proceeds from long-term borrowings	2,470.5		4,056.8
Payments of long-term borrowings	(2,175.1)		(2,035.6)
Proceeds from issuance of common stock	149.7		28.9
Repurchases of common stock	(288.0)		(746.3)
Dividends paid	(357.6)		(333.0)
Excess tax benefits from share-based compensation	43.1		14.4
Other	(33.0)		(28.3)
Net cash provided by financing activities	1,151.2		2,254.5
Effect of Exchange Rate Changes on Cash and Cash Equivalents	(16.8)		(26.0)
Net Decrease in Cash and Cash Equivalents	(1,000.8)		(627.4)
Cash and Cash Equivalents at Beginning of Period	4,652.2		3,647.2
Cash and Cash Equivalents at End of Period	$	3,651.4	$	3,019.8

See Condensed Notes to Interim Consolidated Financial Statements.

18

Condensed Notes to Interim Consolidated Financial Statements (Unaudited)

(1)In March 2013, the Company changed the corporate structure of most of its German operations from a branch to a subsidiary of Deere & Company.  The change provides the Company increased flexibility and efficiency in funding growth in international operations.  As a result, the tax status of these operations has changed.  Formerly, as a branch these earnings were taxable in the U.S. as earned.  As a subsidiary, these earnings will now be taxable in the U.S. if they are distributed to Deere & Company as dividends, which is the same as the Company’s other foreign subsidiaries.  The earnings of the new German subsidiary remain taxable in Germany.  Due to the change in tax status and the expectation that the German subsidiary’s earnings are indefinitely reinvested, the deferred tax assets and liabilities related to U.S. taxable temporary differences for the previous German branch were written off.  The effect of this write-off was a decrease in net deferred tax assets and a charge to the income tax provision of $56 million during the second fiscal quarter of 2013.

(2)Dividends declared and paid on a per share basis were as follows:

	Three Months Ended April 30				Six Months Ended April 30
	2013		2012		2013		2012
Dividends declared	$	.51	$	.46	$	.97	$	.87
Dividends paid	$	.46	$	.41	$	.92	$	.82

(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 any dilutive effect of share-based compensation.

(4)The consolidated financial statements represent the consolidation of all Deere & Company’s subsidiaries.  In the supplemental consolidating data in Note 5 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.

19

(5) SUPPLEMENTAL CONSOLIDATING DATA
STATEMENT OF INCOME
For the Three Months Ended April 30, 2013 and 2012

(In millions of dollars) Unaudited	EQUIPMENT OPERATIONS*				FINANCIAL SERVICES
	2013		2012		2013		2012
Net Sales and Revenues
Net sales	$	10,265.0	$	9,404.6
Finance and interest income	20.6		17.1		$	555.6	$	533.6
Other income	130.1		132.2		38.9		21.3
Total	10,415.7		9,553.9		594.5		554.9
Costs and Expenses
Cost of sales	7,482.5		6,834.8
Research and development expenses	376.8		352.0
Selling, administrative and general expenses	836.9		767.7		122.3		116.3
Interest expense	73.4		50.5		127.4		157.0
Interest compensation to Financial Services	54.3		55.0
Other operating expenses	45.7		71.7		147.1		106.7
Total	8,869.6		8,131.7		396.8		380.0
Income of Consolidated Group before Income Taxes	1,546.1		1,422.2		197.7		174.9
Provision for income taxes	593.2		475.4		73.2		66.0
Income of Consolidated Group	952.9		946.8		124.5		108.9
Equity in Income of Unconsolidated Subsidiaries and Affiliates
Financial Services	125.0		109.2		.5		.3
Other	6.4		2.1
Total	131.4		111.3		.5		.3
Net Income	1,084.3		1,058.1		125.0		109.2
Less: Net income attributable to noncontrolling interests	.1		1.9
Net Income Attributable to Deere & Company	$	1,084.2	$	1,056.2	$	125.0	$	109.2

*   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.

20

SUPPLEMENTAL CONSOLIDATING DATA (Continued)
STATEMENT OF INCOME
For the Six Months Ended April 30, 2013 and 2012

(In millions of dollars) Unaudited	EQUIPMENT OPERATIONS*				FINANCIAL SERVICES
	2013		2012		2013		2012
Net Sales and Revenues
Net sales	$	17,057.9	$	15,523.6
Finance and interest income	38.1		32.8		$	1,089.5	$	1,045.2
Other income	260.2		250.6		76.9		109.9
Total	17,356.2		15,807.0		1,166.4		1,155.1
Costs and Expenses
Cost of sales	12,497.7		11,411.1
Research and development expenses	733.3		664.5
Selling, administrative and general expenses	1,509.8		1,377.5		233.9		217.8
Interest expense	143.0		99.8		246.7		311.1
Interest compensation to Financial Services	95.8		95.9
Other operating expenses	80.7		110.0		291.8		277.1
Total	15,060.3		13,758.8		772.4		806.0
Income of Consolidated Group before Income Taxes	2,295.9		2,048.2		394.0		349.1
Provision for income taxes	818.4		685.8		136.9		121.6
Income of Consolidated Group	1,477.5		1,362.4		257.1		227.5
Equity in Income (Loss) of Unconsolidated Subsidiaries and Affiliates
Financial Services	257.9		228.3		.8		.8
Other	(1.4)		1.8
Total	256.5		230.1		.8		.8
Net Income	1,734.0		1,592.5		257.9		228.3
Less: Net income attributable to noncontrolling interests	.1		3.4
Net Income Attributable to Deere & Company	$	1,733.9	$	1,589.1	$	257.9	$	228.3

*  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)

CONDENSED BALANCE SHEET (In millions of dollars) Unaudited	EQUIPMENT OPERATIONS*						FINANCIAL SERVICES
	April 30 2013		October 31 2012		April 30 2012		April 30 2013		October 31 2012		April 30 2012
Assets
Cash and cash equivalents	$	3,145.8	$	3,907.9	$	1,700.4	$	505.7	$	744.3	$	1,319.3
Marketable securities	1,003.6		1,101.5		1,002.8		395.4		368.9		336.1
Receivables from unconsolidated subsidiaries and affiliates	2,738.8		1,579.0		2,192.4
Trade accounts and notes receivable - net	1,430.4		1,279.7		1,258.0		5,056.6		3,333.3		4,619.6
Financing receivables - net	12.0		11.5		14.0		22,732.8		22,147.5		19,438.7
Financing receivables securitized - net							3,788.3		3,617.6		3,116.0
Other receivables	911.9		1,092.4		790.8		267.8		703.6		306.0
Equipment on operating leases - net							2,575.5		2,527.8		2,168.0
Inventories	6,173.0		5,170.0		6,112.4
Property and equipment - net	5,054.6		4,950.5		4,324.3		59.4		61.4		63.3
Investments in unconsolidated subsidiaries and affiliates	4,271.6		4,102.4		3,695.3		9.6		8.7		8.3
Goodwill	922.9		921.2		965.3
Other intangible assets - net	89.8		101.0		110.2		4.0		4.0		4.0
Retirement benefits	30.6		14.9		29.7		41.0		44.6		26.2
Deferred income taxes	3,590.0		3,497.3		3,137.9		48.3		50.3		52.1
Other assets	611.2		582.9		553.9		842.1		883.5		773.3
Total Assets	$	29,986.2	$	28,312.2	$	25,887.4	$	36,326.5	$	34,495.5	$	32,230.9
Liabilities and Stockholders’ Equity
Short-term borrowings	$	1,368.6	$	424.8	$	1,592.0	$	7,045.4	$	5,967.7	$	6,318.0
Short-term securitization borrowings							3,788.4		3,574.8		3,033.3
Payables to unconsolidated subsidiaries and affiliates	143.3		135.2		189.6		2,686.4		1,519.3		2,125.5
Accounts payable and accrued expenses	7,728.0		7,679.0		7,109.9		1,523.9		2,129.9		1,368.1
Deferred income taxes	88.8		93.3		96.5		334.9		338.3		313.8
Long-term borrowings	4,925.2		5,444.9		3,174.9		16,827.7		17,008.2		15,544.5
Retirement benefits and other liabilities	7,465.5		7,673.0		6,328.5		68.6		61.2		57.8
Total liabilities	21,719.4		21,450.2		18,491.4		32,275.3		30,599.4		28,761.0
Total Deere & Company stockholders’ equity	8,264.9		6,842.1		7,378.9		4,051.2		3,896.1		3,469.9
Noncontrolling interests	1.9		19.9		17.1
Total stockholders’ equity	8,266.8		6,862.0		7,396.0		4,051.2		3,896.1		3,469.9
Total Liabilities and Stockholders’ Equity	$	29,986.2	$	28,312.2	$	25,887.4	$	36,326.5	$	34,495.5	$	32,230.9

* 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

SUPPLEMENTAL CONSOLIDATING DATA (Continued)

STATEMENT OF CASH FLOWS

For the Six Months Ended April 30, 2013 and 2012

(In millions of dollars) Unaudited	EQUIPMENT OPERATIONS*				FINANCIAL SERVICES
	2013		2012		2013		2012
Cash Flows from Operating Activities
Net income	$	1,734.0	$	1,592.5	$	257.9	$	228.3
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	5.9		5.1		2.6		6.5
Provision for depreciation and amortization	366.5		325.8		236.0		212.5
Undistributed earnings of unconsolidated subsidiaries and affiliates	(102.0)		(188.8)		(.8)		(.8)
Credit for deferred income taxes	(100.5)		(120.8)		(3.4)		(3.3)
Changes in assets and liabilities:
Trade receivables	(156.9)		(200.0)
Insurance receivables					462.0		81.4
Inventories	(1,016.4)		(1,806.1)
Accounts payable and accrued expenses	120.3		316.7		(511.2)		(193.9)
Accrued income taxes payable/receivable	104.5		234.3		(7.2)		16.4
Retirement benefits	5.9		(42.3)		10.9		7.0
Other	3.6		(34.7)		21.0		(44.9)
Net cash provided by operating activities	964.9		81.7		467.8		309.2
Cash Flows from Investing Activities
Collections of receivables (excluding trade and wholesale)					8,420.6		7,685.9
Proceeds from maturities and sales of marketable securities	500.6				27.4		15.8
Proceeds from sales of equipment on operating leases					506.4		418.8
Proceeds from sales of businesses, net of cash sold			20.2
Cost of receivables acquired (excluding trade and wholesale)					(8,962.2)		(7,975.5)
Purchases of marketable securities	(404.0)		(501.7)		(56.5)		(68.7)
Purchases of property and equipment	(501.9)		(511.6)		(1.8)		(1.5)
Cost of equipment on operating leases acquired					(814.3)		(607.9)
Increase in trade and wholesale receivables					(2,049.2)		(1,575.2)
Other	(98.9)		(121.8)		(35.5)		(23.3)
Net cash used for investing activities	(504.2)		(1,114.9)		(2,965.1)		(2,131.6)
Cash Flows from Financing Activities
Increase in total short-term borrowings	235.3		1,097.9		1,106.4		199.7
Change in intercompany receivables/payables	(1,188.7)		(511.8)		1,188.7		511.8
Proceeds from long-term borrowings	238.4		44.9		2,232.2		4,012.0
Payments of long-term borrowings	(35.6)				(2,139.5)		(2,035.6)
Proceeds from issuance of common stock	149.7		28.9
Repurchases of common stock	(288.0)		(746.3)
Dividends paid	(357.6)		(333.0)		(146.0)		(43.5)
Excess tax benefits from share-based compensation	43.1		14.4
Other	(21.1)		(8.9)		35.4		23.6
Net cash provided by (used for) financing activities	(1,224.5)		(413.9)		2,277.2		2,668.0
Effect of Exchange Rate Changes on Cash and Cash Equivalents	1.7		(40.0)		(18.5)		14.0
Net Increase (Decrease) in Cash and Cash Equivalents	(762.1)		(1,487.1)		(238.6)		859.6
Cash and Cash Equivalents at Beginning of Period	3,907.9		3,187.5		744.3		459.7
Cash and Cash Equivalents at End of Period	$	3,145.8	$	1,700.4	$	505.7	$	1,319.3

* 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.

23

EX-99.2

Exhibit 99.2

(Furnished herewith)

Deere & Company

Other Financial Information

For the Six Months Ended April 30,	Equipment Operations						Agriculture and Turf						Construction and Forestry
Dollars in millions	2013			2012			2013			2012			2013			2012
Net Sales	$	17,058		$	15,524		$	14,182		$	12,459		$	2,876		$	3,065
Average Identifiable Assets
With Inventories at LIFO	$	14,716		$	13,310		$	11,252		$	10,234		$	3,464		$	3,076
With Inventories at Standard Cost	$	16,051		$	14,711		$	12,348		$	11,407		$	3,703		$	3,304
Operating Profit	$	2,500		$	2,220		$	2,347		$	1,977		$	153		$	243
Percent of Net Sales	14.7		%	14.3		%	16.5		%	15.9		%	5.3		%	7.9		%
Operating Return on Assets
With Inventories at LIFO	17.0		%	16.7		%	20.9		%	19.3		%	4.4		%	7.9		%
With Inventories at Standard Cost	15.6		%	15.1		%	19.0		%	17.3		%	4.1		%	7.4		%
SVA Cost of Assets	$	(963	)	$	(883	)	$	(740	)	$	(685	)	$	(223	)	$	(198	)
SVA	$	1,537		$	1,337		$	1,607		$	1,292		$	(70	)	$	45
For the Six Months Ended April 30,	Financial Services
Dollars in millions	2013			2012
Net Income Attributable to Deere & Company	$	258		$	228
Average Equity	$	3,996		$	3,353
Return on Equity	6.5		%	6.8		%
Operating Profit	$	395		$	350
Average Equity	$	3,996		$	3,353
Cost of Equity	$	(306	)	$	(257	)
SVA	$	89		$	93
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 approximately 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.  The Financial Services segment is assessed an annual pretax cost of approximately 15 percent of the segment’s average equity.  The cost of assets or equity, as applicable, is deducted from the operating profit or added to the operating loss of each segment to determine the amount of SVA.

24

EX-99.3

Second Quarter 2013 Earnings Conference Call 15 May 2013 Exhibit 99.3 (Furnished herewith) 25

| 2nd Quarter 2013 Earnings Conference Call 2 Safe Harbor Statement & Disclosures The earnings call and accompanying material include forward-looking comments and information concerning the company’s plans and projections 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 U.S. 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. 26

| 2nd Quarter 2013 Earnings Conference Call 3 Second Quarter Overview (in millions of dollars except per share amounts) Q2 2013 Q2 2012 Change Net Sales and Revenues $10,914 $10,009 +9% Net Sales $10,265 $9,405 +9% Net Income Attributable to Deere & Company $1,084 $1,056 +3% Diluted EPS $2.76 $2.61 +6% 27

| 2nd Quarter 2013 Earnings Conference Call 4 Second Quarter Overview Net Sales Equipment operations net sales: Up 9% in Q2 2013 vs. Q2 2012 Price realization: +3 points Currency translation: (2) points 28

| 2nd Quarter 2013 Earnings Conference Call 5 Worldwide Agriculture & Turf Second Quarter Overview Incremental Margin ~ 19% *Q2 2013 operating profit impacted by: (in millions of dollars) Q2 2013 Q2 2012 Change Net Sales $8,691 $7,735 +12% Operating Profit* $1,582 $1,403 +13% Favorable Unfavorable Shipment Volumes Production Costs Price Realization Selling, Administrative and General Expenses Foreign Exchange 29

| 2nd Quarter 2013 Earnings Conference Call 6 U.S. Farm Cash Receipts Source: 1998 – 2011: USDA 11 February 2013 2012F – 2013F: Deere & Company Forecast as of 15 May 2013 Total cash receipts remain at historically high levels 30

| 2nd Quarter 2013 Earnings Conference Call 7 Deere & Company Forecast as of 15 May 2013 Economic Update EU 27 Lower levels of farm machinery demand Financial crisis continues to impact EU economy Cold, wet weather conditions in UK Overall Ag fundamentals remain positive Beef, pork, milk and grain prices are favorable Production expected to increase to long-term average levels Despite mixed winter crop conditions 31

| 2nd Quarter 2013 Earnings Conference Call 8 Deere & Company Forecast as of 15 May 2013 Economic Update Other Selected Markets Commonwealth of Independent States (CIS) Import duties affecting combine demand in Russia, Kazakhstan and Belarus Overall grain production expected to rebound by ~ 25% Mixed weather conditions in Russia could negatively impact winter crops Commodity prices are favorable China Subsidies expected to be supportive of Agriculture Mixed weather conditions negatively impacting Ag industry Avian flu dampening poultry feed demand India Tractor market remains soft Monsoon expected to be normal Significant driver of Ag income Reserve Bank of India lowered its key policy rate in January and March 32

| 2nd Quarter 2013 Earnings Conference Call 9 Gross Value of Agricultural Production Brazil Source: Actual: MAPA (Brazilian Ministry of Agriculture), April 2013 2013: Deere & Company Forecast as of 15 May 2013 Gross Value of Agricultural Production* * In Brazilian Real Expected to increase ~ 5% in 2013 over prior season 2012 Mix by Crop 33

| 2nd Quarter 2013 Earnings Conference Call 10 2010 2011 2012 2013 Farmers with Annual Revenues <R$90M Farmers with Annual Revenues >R$90M FINAME-Eligible Finance Rates Brazil Source: ABIMAQ (Brazilian Association of Machinery and Equipment), May 2013 34

| 2nd Quarter 2013 Earnings Conference Call 11 Agriculture & Turf Retail Sales Industry Outlook – Fiscal 2013 Deere & Company Forecast as of 15 May 2013 (Previous Forecast as of 13 February 2013) Current Forecast Previous Forecast U.S. and Canada Ag Up ~ 5% Flat to up 5% EU 27 Ag Down ~ 5% Down ~ 5% South America Ag Up 15-20% Up 10-15% CIS Countries Ag Down slightly Down slightly Asia Ag Little-changed Slightly higher U.S. and Canada Turf and Utility Equipment Flat to down slightly ~ Flat 35

| 2nd Quarter 2013 Earnings Conference Call 12 Worldwide Agriculture & Turf Deere & Company Outlook Fiscal Year 2013 Forecast Net sales: Up ~ 7% Currency translation: ~ (1) point Previous forecast: Up ~ 6% Deere & Company Forecast as of 15 May 2013 (Previous Forecast as of 13 February 2013) 36

| 2nd Quarter 2013 Earnings Conference Call 13 Worldwide Construction & Forestry Second Quarter Overview (in millions of dollars) Q2 2013 Q2 2012 Change Net Sales $1,574 $1,670 -6% Operating Profit* $81 $119 -32% *Q2 2013 operating profit impacted by: Favorable Unfavorable Price Realization Shipment Volumes Production Costs Selling, Administrative and General Expenses 37

U.S. Economic Indicators 2013 Forecast GDP Growth (annual percentage rate)* +2.0% Housing Starts (thousands) 970 Non-Residential Spending Growth (annual percentage rate)* +0.3% Government Spending Growth (annual percentage rate)* -3.4% | 2nd Quarter 2013 Earnings Conference Call 14 Worldwide Construction & Forestry Deere & Company Outlook Source: Global Insight, Calendar Year Estimates – April 2013 * Change from prior year in real dollars Fiscal Year 2013 Forecast Net sales: Down ~ 5% Previous forecast: Up ~ 3% Deere & Company Forecast as of 15 May 2013 (Previous Forecast as of 13 February 2013) 38

| 2nd Quarter 2013 Earnings Conference Call 15 Worldwide Financial Services Credit Loss History Provision for Credit Losses / Average Owned Portfolio * Annualized provision for credit losses as of 30 April 2013 39

| 2nd Quarter 2013 Earnings Conference Call 16 Worldwide Financial Services Second Quarter 2013 Net income attributable to Deere & Company $125 million in Q2 2013 vs. $109 million in Q2 2012 Fiscal Year 2013 Forecast Net income attributable to Deere & Company of ~ $550 million Previous forecast: ~ $540 million Deere & Company Forecast as of 15 May 2013 (Previous Forecast as of 13 February 2013) 40

| 2nd Quarter 2013 Earnings Conference Call 17 Consolidated Trade Receivables & Inventory (in millions of dollars) Q2 2013* Actual 2013** Forecast 2013** Previous Forecast A&T $488 $325 $425 C&F $68 $150 $75 Total, as reported $420 $175 $500 Total, constant exchange $560 $175 $450 * Change at 30 April 2013 vs. 30 April 2012 ** Forecasted change at 31 October 2013 vs. 31 October 2012 Deere & Company Forecast as of 15 May 2013 (Previous Forecast as of 13 February 2013) 41

| 2nd Quarter 2013 Earnings Conference Call 18 Cost of Sales as a Percent of Net Sales Equipment Operations Deere & Company Forecast as of 15 May 2013 (Previous Forecast as of 13 February 2013) Second Quarter 2013 ~ 73% Fiscal Year 2013 Forecast ~ 74% No change from previous forecast 42

| 2nd Quarter 2013 Earnings Conference Call 19 Research & Development Expense Equipment Operations Second Quarter 2013 Up ~ 7% vs. Q2 2012 Fiscal Year 2013 Forecast Up ~ 3% vs. FY 2012 No change from previous forecast Deere & Company Forecast as of 15 May 2013 (Previous Forecast as of 13 February 2013) 43

| 2nd Quarter 2013 Earnings Conference Call 20 Selling, Administrative & General Expense Equipment Operations Deere & Company Forecast as of 15 May 2013 (Previous Forecast as of 13 February 2013) Second Quarter 2013 Up ~ 9% vs. Q2 2012 Fiscal Year 2013 Forecast Up ~ 7% vs. FY 2012 No change from previous forecast Increases primarily related to growth 44

| 2nd Quarter 2013 Earnings Conference Call 21 Pension and OPEB Expense Second Quarter 2013 Up ~ $60 million vs. Q2 2012 Fiscal Year 2013 Forecast Up ~ $85 million vs. FY 2012 Previous forecast: Up ~ $90 million vs. FY 2012 Deere & Company Forecast as of 15 May 2013 (Previous Forecast as of 13 February 2013) 45

| 2nd Quarter 2013 Earnings Conference Call 22 Income Taxes Equipment Operations Second Quarter 2013 Effective tax rate: ~ 38% In March 2013, the Company changed the corporate structure of most of its German operations from a branch to a subsidiary of Deere & Company. The effect was a decrease in net deferred tax assets and a charge to the income tax provision of $56 million. Fiscal Year 2013 Forecast Projected effective tax rate: 34-36% No change from previous forecast Deere & Company Forecast as of 15 May 2013 (Previous Forecast as of 13 February 2013) 46

| 2nd Quarter 2013 Earnings Conference Call 23 Continued Strong Operating Performance Equipment Operations Fiscal Year Cash Flows from Operations * No change from previous forecast Deere & Company Forecast as of 15 May 2013 (Previous Forecast as of 13 February 2013) $ Billions ~ 47

| 2nd Quarter 2013 Earnings Conference Call 24 2013 Company Outlook Third Quarter 2013 Forecast Net sales: Up ~ 3% vs. Q3 2012 Price realization: ~ +2 points Fiscal Year 2013 Forecast Net sales: Up ~ 5% vs. FY 2012 Price realization: ~ +3 points Currency translation ~ (1) point Previous forecast: Up ~ 6% vs. FY 2012 Price realization: ~ +3 points Net income attributable to Deere & Company of ~ $3.3 billion No change from previous forecast Deere & Company Forecast as of 15 May 2013 (Previous Forecast as of 13 February 2013) 48

| 2nd Quarter 2013 Earnings Conference Call 25 Appendix 49

| 2nd Quarter 2013 Earnings Conference Call 26 THE JOHN DEERE STRATEGY OUR PURPOSE: Committed to those linked to the land 50

Deere Use-of-Cash Priorities | 2nd Quarter 2013 Earnings Conference Call 27 Manage the balance sheet, including liquidity, to support a rating that provides access to low-cost and readily available short- and long-term funding mechanisms Reflects the strategic nature of our financial services operation Committed to “A” Rating Cash from Operations Fund Operating and Growth Needs Common Stock Dividend Share Repurchase Fund value-creating investments in our businesses Consistently and moderately raise dividend targeting a 25%-35% payout ratio of mid-cycle earnings Consider share repurchase as a means to deploy excess cash to shareholders, once above requirements are met and repurchase is viewed as value-enhancing 51

| 2nd Quarter 2013 Earnings Conference Call 28 Sources and Uses of Cash Fiscal 2004–2012 Equipment Operations Source: Deere & Company SEC filings = Source of Cash = Use of Cash ~60% of cash from operations returned to shareholders 52

| 2nd Quarter 2013 Earnings Conference Call 29 Deere Quarterly Dividends Declared* Q1 2003 – Q2 2013 * Adjusted for 2 for 1 stock split on 26 November 2007 ** See revised John Deere Strategy in Appendix Dividend raised 82% since launch of the revised John Deere Strategy in 2010** 53

| 2nd Quarter 2013 Earnings Conference Call 30 Share Repurchase As Part of Publicly Announced Plans Cumulative cost of repurchases 2004-2Q2013: ~ $9.5 billion Amount remaining on May 2008 authorization of $5 billion: ~ $2.2 billion 30 April 2013 period ended shares: ~ 388.0 million 2Q2013 average diluted shares: ~ 3.9 million Shares repurchased 2004-2Q2013: ~ 164.0 million Average repurchase price 2004-2Q2013: $57.70 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 5.2 $0.4 2011 20.8 $1.7 2012 20.2 $1.6 2013 YTD 3.3 $0.3 * All shares adjusted for two-for-one stock split effective 26 November 2007 ** Rounded totals for each period – sum may not tie to cumulative cost of repurchases 2004-2Q2013 54

| 2nd Quarter 2013 Earnings Conference Call 31 Other Information Equipment Operations Fiscal Year 2013 Forecast Capital Expenditures: ~ $1.3 billion No change from previous forecast Depreciation and Amortization: ~ $725 million No change from previous forecast Pension/OPEB Contributions: ~ $570 million Previous forecast: ~ $550 million Deere & Company Forecast as of 15 May 2013 (Previous Forecast as of 13 February 2013) 55

| 2nd Quarter 2013 Earnings Conference Call 32 U.S. Farm Commodity Prices Deere & Company Forecast as of 15 May 2013 (Previous Forecast as of 13 February 2013) (dollars per bushel, except cotton, which is dollars per pound) 2011/12 2012/13 Estimate Previous 2012/13 2013/14 Projection Previous 2013/14 Corn $6.22 $6.75 $7.00 $5.00 $5.25 Wheat $7.24 $7.80 $8.00 $6.90 $8.00 Soybeans $12.50 $14.15 $14.00 $11.75 $12.50 Cotton $.88 $.72 $.67 $.70 $.65 56

(Yield in bushels per acre, except cotton, which is pounds per acre) Acres Planted (millions) Yield 2012/13 Estimate 2013/14 Projection 2012/13 Estimate 2013/14 Projection Corn 97.2 96.0 123.4 157.5 Wheat 55.7 56.5 46.3 44.6 Soybeans 77.2 77.8 39.6 44.4 Cotton 12.3 10.0 880 826 | 2nd Quarter 2013 Earnings Conference Call 33 U.S. Acres Planted and Crop Yields Deere & Company Forecast as of 15 May 2013 57

| 2nd Quarter 2013 Earnings Conference Call 34 U.S. Farm Cash Receipts Deere & Company Forecast as of 15 May 2013 (Previous Forecast as of 13 February 2013) (in billions of dollars) 2011 2012 Forecast Previous 2012 2013 Forecast Previous 2013 Crops $208.3 $225.0 $214.4 $206.6 $210.7 Livestock $166.0 $166.0 $163.8 $170.4 $171.2 Government Payments $10.4 $11.1 $11.1 $11.3 $11.3 Total Cash Receipts $384.7 $402.1 $389.3 $388.3 $393.2 58

| 2nd Quarter 2013 Earnings Conference Call 35 U.S. Net Farm Cash Income Deere & Company Forecast as of 15 May 2013 (Previous Forecast as of 13 February 2013) (in billions of dollars) 2011 2012 Forecast Previous 2012 2013 Forecast Previous 2013 Total Cash Receipts $384.7 $402.1 $389.3 $388.3 $393.2 Other Farm-Related Income $26.1 $31.3 $40.0 $36.4 $26.0 Gross Cash Income $410.8 $433.4 $429.3 $424.7 $419.2 Cash Expenses ($276.1) ($297.8) ($294.2) ($302.0) ($295.0) Net Cash Income $134.7 $135.6 $135.1 $122.7 $124.2 59

U.S. Farm Commodity Prices | 2nd Quarter 2013 Earnings Conference Call 36 Source: Actual Data: USDA Forecast Data: Deere & Company Forecast as of 15 May 2013 60

| 2nd Quarter 2013 Earnings Conference Call 37 World Farm Fundamentals Global Stocks-to-Use Ratios Source: USDA – 10 May 2013 Cotton Wheat Corn Soybeans 61

| 2nd Quarter 2013 Earnings Conference Call 38 Retail Sales U.S. and Canada Ag Industry* Deere** Utility Tractors 6% low double digits Row-Crop Tractors 27% in line with the industry 4WD Tractors 4% low double digits Combines 63% triple digits April 2013 Retail Sales and Dealer Inventories * As reported by the Association of Equipment Manufacturers ** As reported to the Association of Equipment Manufacturers *** At 30 April – 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 2013 2012 Row-Crop Tractors 21% 18% Combines 17% 10% 62

| 2nd Quarter 2013 Earnings Conference Call 39 April 2013 Retail Sales EU 27 Deere* Tractors a single digit Combines a single digit U.S. and Canada Deere* Selected Turf & Utility Equipment double digits * Based on internal sales reports U.S. and Canada – Construction & Forestry Deere* First-in-the-Dirt a single digit Settlements a single digit 63

Deere’s third quarter 2013 conference call is scheduled for 9:00 a.m. central time on Wednesday, August 14, 2013 64