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:  February 12, 2014

(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 February 12, 2014 concerning First Quarter of Fiscal 2014 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 First Quarter 2014 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:  February 12, 2014

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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)	First Quarter 2014 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 First-Quarter Earnings of $681 Million

§Income for quarter climbs 5%; earnings per share up 10%.

§Improvement broad-based with all divisions reporting higher income.

§Results reflect solid execution and successful cost management.

MOLINE, Illinois (February 12, 2014) — Net income attributable to Deere & Company was $681.1 million, or $1.81 per share, for the first quarter ended January 31, compared with $649.7 million, or $1.65 per share, for the same period last year.

Worldwide net sales and revenues for the first quarter increased 3 percent, to $7.654 billion, compared with $7.421 billion last year. Net sales of the equipment operations were $6.949 billion for the quarter compared with $6.793 billion a year ago.

“With another record quarter, John Deere has started 2014 on a strong note,” said Samuel R. Allen, chairman and chief executive officer. “Our results demonstrate the adept execution of our operating and marketing plans, which are aimed at expanding our global market position and helping our customers throughout the world be more profitable and productive,” he said. “In addition, we are seeing further benefit from efforts to hold the line on costs.”

Summary of Operations

Net sales of the worldwide equipment operations increased 2 percent for the quarter. Sales included price increases of 2 percent and an unfavorable currency-translation effect of 2 percent. Equipment net sales in the United States and Canada rose 3 percent for the quarter. Outside the U.S. and Canada, net sales increased 2 percent, including an unfavorable currency-translation effect of 3 percent.

Deere’s equipment operations reported operating profit of $891 million for the quarter, compared with $837 million last year. Results benefited from price realization, partially

Deere Announces First-Quarter Earnings 5

offset by a less favorable product mix and the unfavorable effects of foreign-currency exchange.

Financial services reported net income attributable to Deere & Company of $142.2 million for the quarter compared with $132.9 million last year. The improvement was primarily related to growth in the credit portfolio and a more favorable effective tax rate. These factors were partially offset by lower crop insurance margins, increased selling, administrative and general expenses and less favorable financing spreads.

Company Outlook & Summary

Company equipment sales are projected to decrease about 3 percent for fiscal 2014 and be down about 6 percent for the second quarter compared with the same periods of 2013. For the full year, net income attributable to Deere & Company is anticipated to be approximately $3.3 billion.

“Even in the face of moderating demand for agricultural equipment, Deere is well-positioned to deliver solid performance,” said Allen. “We believe that our extensive investments in new products and new markets will provide strong support to our results and keep our strategic plans moving ahead.”  These plans are essential to helping meet the world’s growing need for food, shelter and infrastructure, Allen said, and he expressed confidence they would produce significant benefits for the company’s investors and customers over the long term.

* * *

Equipment Division Performance

Agriculture & Turf. Sales increased 2 percent for the quarter due largely to price realization and higher shipment volumes, partially offset by the unfavorable effects of currency translation. Operating profit was $797 million compared with $766 million for the quarter last year. The improvement was due primarily to price realization, partially offset by a less favorable product mix and the unfavorable effects of foreign-currency exchange.

Construction & Forestry. Construction and forestry sales rose 4 percent for the quarter, with operating profit of $94 million compared with $71 million a year ago. The improvement in operating profit was due primarily to lower production costs, decreased

Deere Announces First-Quarter Earnings 6

research and development expenses, and price realization. These factors were partially offset by the impact of lower production volumes.

Market Conditions & Outlook

Agriculture & Turf. Deere’s worldwide sales of agriculture and turf equipment are forecast to decrease by about 6 percent for fiscal 2014. Although farm incomes are expected to remain at healthy levels in 2014, they are forecast to be lower than in the previous year.  In Deere’s view, the decline will have a dampening effect on demand, especially for larger models of equipment.  Partly as a result of these factors, industry sales for agricultural machinery in the U.S. and Canada are forecast to be down 5 to 10 percent for the year, with the decline mainly reflecting lower sales of high-horsepower tractors and combines.

Full-year industry sales in the EU28 are forecast to be down about 5 percent due to lower crop prices and farm incomes. In South America, industry sales of tractors and combines are projected to be down 5 to 10 percent from strong 2013 levels. Industry sales in the Commonwealth of Independent States are expected to be down slightly for the year, while Asian sales are projected to be up slightly.

In the U.S. and Canada, industry sales of turf and utility equipment are expected to be up about 5 percent for 2014 as a result of improved market conditions.

Construction & Forestry. Deere’s worldwide sales of construction and forestry equipment are forecast to increase by about 10 percent for 2014. The gain reflects further economic recovery and higher housing starts in the U.S. as well as sales increases outside the U.S. and Canada. Global forestry sales are expected to be up for the year due to general economic growth and improved sales in European markets.

Financial Services. Full-year 2014 net income attributable to Deere & Company for the financial services operations is expected to be approximately $600 million. The outlook reflects improvement primarily due to expected growth in the credit portfolio and a more favorable tax rate. These factors are projected to be partially offset by an increase in the provision for credit losses from the low level in 2013, less favorable financing spreads, and higher selling, general and administrative expenses.

Deere Announces First-Quarter Earnings 7

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 $136.5 million for the first quarter, compared with $105.0 million last year. Results improved for the quarter primarily due to growth in the credit portfolio and a more favorable effective tax rate, partially offset by less favorable financing spreads.

Net receivables and leases financed by JDCC were $30.019 billion and $26.329 billion at January 31, 2014 and 2013, respectively.

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 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 and sustainability 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).

Deere Announces First-Quarter Earnings 8

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. and dryer than normal conditions in certain other markets); the political and social stability of the global markets in which the company operates; 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

Deere Announces First-Quarter Earnings 9

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/Stage IIIb and Final Tier 4/Stage IV non-road diesel emission requirements in the U.S. and European Union), 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 otherwise; 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.

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; events that damage the company’s reputation or brand; 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;

Deere Announces First-Quarter Earnings 10

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 or 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 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 First-Quarter Earnings 11

First Quarter 2014 Press Release
(in millions of dollars)
Unaudited

		Three Months Ended January 31
	2014				2013			% Change
Net sales and revenues:
Agriculture and turf	$		5,596		$	5,491		+2
Construction and forestry	1,353				1,302			+4
Total net sales	6,949				6,793			+2
Financial services	587				527			+11
Other revenues	118				101			+17
Total net sales and revenues	$		7,654		$	7,421		+3
Operating profit *
Agriculture and turf	$		797		$	766		+4
Construction and forestry	94				71			+32
Financial services	182				197			-8
Total operating profit	1,073				1,034			+4
Reconciling items **	(112			)	(95		)	+18
Income taxes	(280			)	(289		)	-3
Net income attributable to Deere & Company	$		681		$	650		+5
*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.

12

DEERE & COMPANY
STATEMENT OF CONSOLIDATED INCOME
For the Three Months Ended January 31, 2014 and 2013
(In millions of dollars and shares except per share amounts) Unaudited

	2014			2013
Net Sales and Revenues
Net sales	$	6,948.5		$	6,792.8
Finance and interest income	531.5			501.0
Other income	174.0			127.6
Total	7,654.0			7,421.4
Costs and Expenses
Cost of sales	5,195.5			5,014.8
Research and development expenses	323.7			356.5
Selling, administrative and general expenses	765.9			781.5
Interest expense	171.7			180.1
Other operating expenses	232.3			142.4
Total	6,689.1			6,475.3
Income of Consolidated Group before Income Taxes	964.9			946.1
Provision for income taxes	280.5			289.0
Income of Consolidated Group	684.4			657.1
Equity in loss of unconsolidated affiliates	(3.1		)	(7.5		)
Net Income	681.3			649.6
Less: Net income (loss) attributable to noncontrolling interests	.2			(.1		)
Net Income Attributable to Deere & Company	$	681.1		$	649.7
Per Share Data
Basic	$	1.83		$	1.67
Diluted	$	1.81		$	1.65
Average Shares Outstanding
Basic	371.9			388.4
Diluted	375.4			393.0

See Condensed Notes to Interim Consolidated Financial Statements.

13

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

	January 31		October 31		January 31
	2014		2013		2013
Assets
Cash and cash equivalents	$	3,188.6	$	3,504.0	$	3,672.1
Marketable securities	1,438.4		1,624.8		1,375.6
Receivables from unconsolidated affiliates	35.2		31.2		44.6
Trade accounts and notes receivable - net	3,716.8		3,758.2		3,926.4
Financing receivables - net	25,242.3		25,632.7		22,070.7
Financing receivables securitized - net	3,490.9		4,153.1		3,032.9
Other receivables	1,157.6		1,464.0		1,280.2
Equipment on operating leases - net	3,026.0		3,152.2		2,452.3
Inventories	5,554.6		4,934.7		6,242.7
Property and equipment - net	5,351.0		5,466.9		5,042.6
Investments in unconsolidated affiliates	297.5		221.4		201.5
Goodwill	834.6		844.8		934.0
Other intangible assets - net	74.6		77.1		98.5
Retirement benefits	583.5		551.1		22.8
Deferred income taxes	2,323.4		2,325.4		3,311.6
Other assets	1,344.2		1,274.7		1,461.1
Assets held for sale			505.0
Total Assets	$	57,659.2	$	59,521.3	$	55,169.6
Liabilities and Stockholders’ Equity
Short-term borrowings	$	8,657.3	$	8,788.9	$	7,331.7
Short-term securitization borrowings	3,490.8		4,109.1		3,043.9
Payables to unconsolidated affiliates	89.1		106.9		70.5
Accounts payable and accrued expenses	7,330.0		8,973.6		7,200.3
Deferred income taxes	154.8		160.3		169.4
Long-term borrowings	22,265.2		21,577.7		22,170.2
Retirement benefits and other liabilities	5,414.2		5,416.7		7,698.1
Liabilities held for sale			120.4
Total liabilities	47,401.4		49,253.6		47,684.1
Total Deere & Company stockholders’ equity	10,255.7		10,265.8		7,483.7
Noncontrolling interests	2.1		1.9		1.8
Total stockholders’ equity	10,257.8		10,267.7		7,485.5
Total Liabilities and Stockholders’ Equity	$	57,659.2	$	59,521.3	$	55,169.6

See Condensed Notes to Interim Consolidated Financial Statements.

14

DEERE & COMPANY
STATEMENT OF CONSOLIDATED CASH FLOWS
For the Three Months Ended January 31, 2014 and 2013
(In millions of dollars) Unaudited

	2014		2013
Cash Flows from Operating Activities
Net income	$	681.3	$	649.6
Adjustments to reconcile net income to net cash used for operating activities:
Provision (credit) for credit losses	2.4		(.5)
Provision for depreciation and amortization	343.1		277.1
Impairment charges	26.3
Share-based compensation expense	23.2		22.3
Undistributed earnings of unconsolidated affiliates	3.0		15.6
Credit for deferred income taxes	(8.6)		(20.6)
Changes in assets and liabilities:
Trade, notes and financing receivables related to sales	126.7		94.9
Insurance receivables	101.9		338.0
Inventories	(836.8)		(1,169.0)
Accounts payable and accrued expenses	(1,387.1)		(1,539.1)
Accrued income taxes payable/receivable	137.5		146.6
Retirement benefits	53.4		96.2
Other	(12.5)		(160.5)
Net cash used for operating activities	(746.2)		(1,249.4)
Cash Flows from Investing Activities
Collections of receivables (excluding receivables related to sales)	4,660.7		4,341.9
Proceeds from maturities and sales of marketable securities	403.6		215.4
Proceeds from sales of equipment on operating leases	276.4		249.4
Proceeds from sales of businesses, net of cash sold	303.7
Cost of receivables acquired (excluding receivables related to sales)	(4,190.1)		(3,933.6)
Purchases of marketable securities	(222.4)		(125.1)
Purchases of property and equipment	(250.7)		(294.0)
Cost of equipment on operating leases acquired	(251.6)		(197.6)
Other	(56.3)		(39.5)
Net cash provided by investing activities	673.3		216.9
Cash Flows from Financing Activities
Increase (decrease) in total short-term borrowings	(736.7)		691.9
Proceeds from long-term borrowings	2,241.1		877.8
Payments of long-term borrowings	(1,100.0)		(1,379.5)
Proceeds from issuance of common stock	54.3		117.6
Repurchases of common stock	(477.3)		(96.4)
Dividends paid	(192.5)		(178.7)
Excess tax benefits from share-based compensation	14.6		35.4
Other	(13.0)		(20.4)
Net cash provided by (used for) financing activities	(209.5)		47.7
Effect of Exchange Rate Changes on Cash and Cash Equivalents	(33.0)		4.7
Net Decrease in Cash and Cash Equivalents	(315.4)		(980.1)
Cash and Cash Equivalents at Beginning of Period	3,504.0		4,652.2
Cash and Cash Equivalents at End of Period	$	3,188.6	$	3,672.1

See Condensed Notes to Interim Consolidated Financial Statements.

15

Condensed Notes to Interim Consolidated Financial Statements (Unaudited)

(1)

In December 2013, the Company closed the sale of 60 percent of its subsidiary John Deere Landscapes, LLC (Landscapes) to a private equity investment firm affiliated with Clayton, Dubilier & Rice, LLC.  At October 31, 2013, the total assets of $505 million and liabilities of $120 million for Landscapes were classified as held for sale in the consolidated financial statements and written down to realizable value, which consisted of $153 million of receivables, $219 million of inventories, $37 million of property and equipment, $106 million of goodwill, $25 million of other intangible assets and $10 million of other assets less a $45 million asset impairment.  The related liabilities held for sale consisted of accounts payable and accrued expenses.  The Company initially retained 40 percent of the Landscapes business in the form of common stock and reports the results as an equity investment in unconsolidated affiliates.  The fair value of the Company’s retained equity investment was approximately $80 million at closing.  The total amount of proceeds from the sale at closing was approximately $305 million with no significant gain or loss.

(2)

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

	Three Months Ended January 31
	2014		2013
Dividends declared	$	.51	$	.46
Dividends paid	.51		.46

(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.

16

(5) SUPPLEMENTAL CONSOLIDATING DATA
STATEMENT OF INCOME
For the Three Months Ended January 31, 2014 and 2013

(In millions of dollars) Unaudited	EQUIPMENT OPERATIONS*				FINANCIAL SERVICES
	2014		2013		2014		2013
Net Sales and Revenues
Net sales	$	6,948.5	$	6,792.8
Finance and interest income	17.2		17.5		$	569.2	$	533.8
Other income	150.5		130.2		64.4		38.1
Total	7,116.2		6,940.5		633.6		571.9
Costs and Expenses
Cost of sales	5,195.9		5,015.2
Research and development expenses	323.7		356.5
Selling, administrative and general expenses	643.2		672.6		126.0		111.7
Interest expense	75.3		69.6		107.8		119.3
Interest compensation to Financial Services	42.3		41.6
Other operating expenses	52.5		35.1		218.3		144.6
Total	6,332.9		6,190.6		452.1		375.6
Income of Consolidated Group before Income Taxes	783.3		749.9		181.5		196.3
Provision for income taxes	240.3		225.4		40.1		63.7
Income of Consolidated Group	543.0		524.5		141.4		132.6
Equity in Income (Loss) of Unconsolidated Subsidiaries and Affiliates
Financial Services	142.2		132.9		.8		.3
Other	(3.9)		(7.8)
Total	138.3		125.1		.8		.3
Net Income	681.3		649.6		142.2		132.9
Less: Net income (loss) attributable to noncontrolling interests	.2		(.1)
Net Income Attributable to Deere & Company	$	681.1	$	649.7	$	142.2	$	132.9

*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.

17

SUPPLEMENTAL CONSOLIDATING DATA (Continued)

CONDENSED BALANCE SHEET

(In millions of dollars) Unaudited	EQUIPMENT OPERATIONS*						FINANCIAL SERVICES
	January 31 2014		October 31 2013		January 31 2013		January 31 2014		October 31 2013		January 31 2013
Assets
Cash and cash equivalents	$	2,659.7	$	3,023.3	$	3,176.5	$	529.0	$	480.8	$	495.6
Marketable securities	1,008.3		1,207.2		1,000.7		430.2		417.6		375.0
Receivables from unconsolidated subsidiaries and affiliates	3,334.4		3,502.0		1,674.4
Trade accounts and notes receivable - net	848.3		1,061.8		1,030.0		3,827.9		3,555.9		3,850.9
Financing receivables - net	9.1		16.5		5.2		25,233.2		25,616.2		22,065.5
Financing receivables securitized - net							3,490.9		4,153.1		3,032.9
Other receivables	842.0		983.1		946.2		342.3		486.6		355.8
Equipment on operating leases - net							3,026.0		3,152.2		2,452.3
Inventories	5,554.6		4,934.7		6,242.7
Property and equipment - net	5,294.0		5,408.5		4,982.3		57.0		58.4		60.4
Investments in unconsolidated subsidiaries and affiliates	4,764.4		4,569.0		4,230.9		10.9		10.2		9.4
Goodwill	834.6		844.8		934.0
Other intangible assets - net	70.6		73.1		94.5		4.0		4.0		4.0
Retirement benefits	548.3		517.7		17.4		36.8		37.5		43.1
Deferred income taxes	2,563.3		2,575.4		3,531.4		65.8		51.3		48.8
Other assets	702.4		654.3		610.0		644.1		622.2		852.3
Assets held for sale			505.0
Total Assets	$	29,034.0	$	29,876.4	$	28,476.2	$	37,698.1	$	38,646.0	$	33,646.0
Liabilities and Stockholders’ Equity
Short-term borrowings	$	1,759.6	$	1,080.4	$	1,126.6	$	6,897.7	$	7,708.5	$	6,205.1
Short-term securitization borrowings							3,490.8		4,109.1		3,043.9
Payables to unconsolidated subsidiaries and affiliates	89.1		106.9		70.5		3,299.2		3,470.8		1,629.7
Accounts payable and accrued expenses	6,678.6		7,990.9		6,559.1		1,640.0		1,849.8		1,618.9
Deferred income taxes	81.3		92.4		98.3		379.2		369.1		339.8
Long-term borrowings	4,828.2		4,870.9		5,464.9		17,437.0		16,706.8		16,705.3
Retirement benefits and other liabilities	5,339.4		5,346.8		7,671.3		76.4		74.1		64.5
Liabilities held for sale			120.4
Total liabilities	18,776.2		19,608.7		20,990.7		33,220.3		34,288.2		29,607.2
Total Deere & Company stockholders’ equity	10,255.7		10,265.8		7,483.7		4,477.8		4,357.8		4,038.8
Noncontrolling interests	2.1		1.9		1.8
Total stockholders’ equity	10,257.8		10,267.7		7,485.5		4,477.8		4,357.8		4,038.8
Total Liabilities and Stockholders’ Equity	$	29,034.0	$	29,876.4	$	28,476.2	$	37,698.1	$	38,646.0	$	33,646.0

* 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.

18

SUPPLEMENTAL CONSOLIDATING DATA (Continued)
STATEMENT OF CASH FLOWS
For the Three Months Ended January 31, 2014 and 2013
(In millions of dollars) Unaudited	EQUIPMENT OPERATIONS*						FINANCIAL SERVICES
	2014			2013			2014			2013
Cash Flows from Operating Activities
Net income	$	681.3		$	649.6		$	142.2		$	132.9
Adjustments to reconcile net income to net cash provided by (used for) operating activities:
Provision (credit) for credit losses	.1			(1.2		)	2.4			.7
Provision for depreciation and amortization	229.7			185.3			136.3			117.3
Impairment charges	26.3
Undistributed earnings of unconsolidated subsidiaries and affiliates	(138.4		)	(87.0		)	(.8		)	(.3		)
Provision (credit) for deferred income taxes	(3.8		)	(23.7		)	(4.7		)	3.0
Changes in assets and liabilities:
Trade receivables	167.0			253.8
Insurance receivables							101.9			338.0
Inventories	(721.1		)	(1,081.8		)
Accounts payable and accrued expenses	(1,169.7		)	(1,028.1		)	(117.0		)	(370.4		)
Accrued income taxes payable/receivable	124.5			161.7			13.0			(15.2		)
Retirement benefits	49.7			91.4			3.7			4.8
Other	36.8			(129.2		)	(9.2		)	(3.4		)
Net cash provided by (used for) operating activities	(717.6		)	(1,009.2		)	267.8			207.4
Cash Flows from Investing Activities
Collections of receivables (excluding trade and wholesale)							5,008.5			4,668.8
Proceeds from maturities and sales of marketable securities	400.0			200.0			3.6			15.4
Proceeds from sales of equipment on operating leases							276.4			249.4
Proceeds from sales of businesses, net of cash sold	303.7
Cost of receivables acquired (excluding trade and wholesale)							(4,529.1		)	(4,235.5		)
Purchases of marketable securities	(203.7		)	(99.8		)	(18.7		)	(25.4		)
Purchases of property and equipment	(250.5		)	(293.3		)	(.2		)	(.7		)
Cost of equipment on operating leases acquired							(407.9		)	(315.5		)
Increase in trade and wholesale receivables							(149.0		)	(324.5		)
Other	(44.3		)	(40.1		)	(48.4		)	(36.0		)
Net cash provided by (used for) investing activities	205.2			(233.2		)	135.2			(4.0		)
Cash Flows from Financing Activities
Increase (decrease) in total short-term borrowings	703.1			708.0			(1,439.8		)	(16.1		)
Change in intercompany receivables/payables	79.2			(96.3		)	(79.2		)	96.3
Proceeds from long-term borrowings	6.0			44.0			2,235.1			833.8
Payments of long-term borrowings	(15.9		)	(17.6		)	(1,084.1		)	(1,361.9		)
Proceeds from issuance of common stock	54.3			117.6
Repurchases of common stock	(477.3		)	(96.4		)
Dividends paid	(192.5		)	(178.7		)				(30.0		)
Excess tax benefits from share-based compensation	14.6			35.4
Other	(6.0		)	(16.5		)	29.5			32.7
Net cash provided by (used for) financing activities	165.5			499.5			(338.5		)	(445.2		)
Effect of Exchange Rate Changes on Cash and Cash Equivalents	(16.7		)	11.5			(16.3		)	(6.9		)
Net Increase (Decrease) in Cash and Cash Equivalents	(363.6		)	(731.4		)	48.2			(248.7		)
Cash and Cash Equivalents at Beginning of Period	3,023.3			3,907.9			480.8			744.3
Cash and Cash Equivalents at End of Period	$	2,659.7		$	3,176.5		$	529.0		$	495.6

* 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

EX-99.2

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

For the Three Months Ended January 31,	Equipment Operations				Agriculture and Turf				Construction and Forestry
Dollars in millions	2014		2013		2014		2013		2014		2013
Net Sales	$	6,949	$	6,793	$	5,596	$	5,491	$	1,353	$	1,302
Average Identifiable Assets
With Inventories at LIFO	$	14,351	$	14,354	$	10,994	$	10,939	$	3,357	$	3,415
With Inventories at Standard Cost	$	15,735	$	15,694	$	12,143	$	12,040	$	3,592	$	3,654
Operating Profit	$	891	$	837	$	797	$	766	$	94	$	71
Percent of Net Sales	12.8%		12.3%		14.2%		14.0%		6.9%		5.5%
Operating Return on Assets
With Inventories at LIFO	6.2%		5.8%		7.2%		7.0%		2.8%		2.1%
With Inventories at Standard Cost	5.7%		5.3%		6.6%		6.4%		2.6%		1.9%
SVA Cost of Assets	$	(472)	$	(470)	$	(364)	$	(361)	$	(108)	$	(109)
SVA	$	419	$	367	$	433	$	405	$	(14)	$	(38)
For the Three Months Ended January 31,	Financial Services
Dollars in millions	2014		2013
Net Income Attributable to Deere & Company	$	142	$	133
Average Equity	$	4,398	$	3,967
Return on Equity	3.2%		3.4%
Operating Profit	$	182	$	197
Average Equity	$	4,398	$	3,967
Cost of Equity	$	(132)	$	(145)
SVA	$	50	$	52
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.

20

EX-99.3

First Quarter 2014 Earnings Conference Call 12 February 2014 (Furnished herewith) 21

| 1st Quarter 2014 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. 22

| 1st Quarter 2014 Earnings Conference Call 3 First Quarter Overview (in millions of dollars except per share amounts) Q1 2014 Q1 2013 Change Net Sales and Revenues $7,654 $7,421 +3% Net Sales $6,949 $6,793 +2% Net Income Attributable to Deere & Company $681 $650 +5% Diluted EPS $1.81 $1.65 +10% 23

| 1st Quarter 2014 Earnings Conference Call 4 First Quarter Overview Net Sales Equipment operations net sales: Up 2% in Q1 2014 vs. Q1 2013 Price realization: +2 points Currency translation: (2) points 24

| 1st Quarter 2014 Earnings Conference Call 5 Worldwide Agriculture & Turf First Quarter Overview Incremental Margin ~ 30% *Q1 2014 operating profit impacted by: (in millions of dollars) Q1 2014 Q1 2013 Change Net Sales $5,596 $5,491 +2% Operating Profit* $797 $766 +4% Favorable Unfavorable Price Realization Product Mix Foreign-Currency Exchange 25

| 1st Quarter 2014 Earnings Conference Call 6 U.S. Farm Cash Receipts Source: 1998 – 2012: USDA 26 November 2013 2013F – 2014F: Deere & Company Forecast as of 12 February 2014 Projected total cash receipts remain at historically high levels 26

| 1st Quarter 2014 Earnings Conference Call 7 World Farm Fundamentals Global Stocks-to-Use Ratios Source: USDA – 10 February 2014 Cotton Wheat Corn Soybeans 27

| 1st Quarter 2014 Earnings Conference Call 8 Deere & Company Forecast as of 12 February 2014 Economic Update EU 28 – Fiscal 2014 Short-term economic stress has diminished, but risks remain Modest GDP growth expected Grain prices and farm income lower but to remain near long-term average Solid livestock margins Beef prices stabilizing close to historic highs Record milk prices will support dairy farmers 28

| 1st Quarter 2014 Earnings Conference Call 9 Deere & Company Forecast as of 12 February 2014 Economic Update Other Selected Markets – Fiscal 2014 Commonwealth of Independent States (CIS) Import policies affecting combine sales in Russia, Kazakhstan and Belarus Late fall planting puts 2014 winter crop at risk Credit availability being impacted by continuing restrictions, increased collateral requirements & reduction of interest rate subsidies China Subsidies expected to be supportive of agriculture Government focus on productivity, product quality, and increased farmer income India Ag sector growth expected due to very favorable 2013 monsoon season Government focus on mechanization 29

| 1st Quarter 2014 Earnings Conference Call 10 Gross Value of Agricultural Production Brazil Source: Actual: MAPA (Brazilian Ministry of Agriculture), January 2014 2014F: Deere & Company Forecast as of 12 February 2014 Gross Value of Agricultural Production* * In Brazilian Real Expected to increase ~ 3% in 2014 over prior season 2013 Mix by Crop 30

| 1st Quarter 2014 Earnings Conference Call 11 2011 2012 2013 2014 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), February 2014 31

Revolutionary Planter Technology MaxEmergeTM 5 and ExactEmergeTM | 1st Quarter 2014 Earnings Conference Call 12 MaxEmergeTM5 delivers exceptional performance and accuracy ExactEmergeTM delivers precision and productivity that maximize yield Maintains accuracy at 10 mph doubling planting speed and breaking speed/precision dependency Increases productivity during critical planting windows avoiding yield loss Places seeds directly in the soil reducing seed roll Plants all seed sizes and shapes without adjustment Both models deliver higher performance, more uptime, and lower cost of operation 1775 NT ExactEmergeTM Planter 32

| 1st Quarter 2014 Earnings Conference Call 13 Agriculture & Turf Retail Sales Industry Outlook – Fiscal 2014 Deere & Company Forecast as of 12 February 2014 (Previous Forecast as of 20 November 2013) Current Forecast U.S. and Canada Ag Down 5-10% EU 28 Ag Down ~ 5% No change South America Ag (Tractors and Combines) Down 5-10% from previous CIS Countries Ag Down slightly forecast Asia Ag Up slightly U.S. and Canada Turf and Utility Equipment Up ~ 5% 33

| 1st Quarter 2014 Earnings Conference Call 14 Worldwide Agriculture & Turf Deere & Company Outlook Fiscal Year 2014 Forecast Net sales: Down ~ 6% JD Landscapes: ~ (3) points Previous forecast: Down ~ 6% JD Landscapes: ~ (4) points Deere & Company Forecast as of 12 February 2014 (Previous Forecast as of 20 November 2013) 34

| 1st Quarter 2014 Earnings Conference Call 15 Worldwide Construction & Forestry First Quarter Overview (in millions of dollars) Q1 2014 Q1 2013 Change Net Sales $1,353 $1,302 +4% Operating Profit* $94 $71 +32% Incremental Margin ~ 45% *Q1 2014 operating profit impacted by: Favorable Unfavorable Production Costs Production Volumes Research & Development Expenses Price Realization 35

Extending our Footprint Brazil | 1st Quarter 2014 Earnings Conference Call 16 New factories in Indaiatuba, São Paulo State are operational Completed project on-time and on-budget Distribution network in place Deere-Hitachi Factory Joint Investment: ~ $80 million Products: Excavators - 5 models Deere Factory Investment: ~ $100 million Products: Wheel loaders - 5 models Backhoes - 1 model 36

U.S. Economic Indicators 2014 Forecast GDP Growth (annual percentage rate)* +2.7% Housing Starts (thousands) 1,162 Non-Residential Spending Growth (annual percentage rate)* +1.6% Government Spending Growth (annual percentage rate)* +1.1% | 1st Quarter 2014 Earnings Conference Call 17 Worldwide Construction & Forestry Deere & Company Outlook Source: Global Insight, Calendar Year Estimates – January 2014 * Change from prior year in real dollars Fiscal Year 2014 Forecast Net sales: Up ~ 10% No change from previous forecast Deere & Company Forecast as of 12 February 2014 (Previous Forecast as of 20 November 2013) 37

| 1st Quarter 2014 Earnings Conference Call 18 Worldwide Financial Services Credit Loss History Provision for Credit Losses / Average Owned Portfolio 0.03% * Annualized provision for credit losses as of 31 January 2014 38

| 1st Quarter 2014 Earnings Conference Call 19 Worldwide Financial Services First Quarter 2014 Net income attributable to Deere & Company $142 million in Q1 2014 vs. $133 million in Q1 2013 Fiscal Year 2014 Forecast Net income attributable to Deere & Company of ~ $600 million No change from previous forecast Deere & Company Forecast as of 12 February 2014 (Previous Forecast as of 20 November 2013) 39

| 1st Quarter 2014 Earnings Conference Call 20 Consolidated Trade Receivables & Inventory (in millions of dollars) Q1 2014* Actual 2014** Forecast 2014** Previous Forecast A&T $633 $225 $325 C&F $265 $150 $175 Total, as reported $898 $75 $150 Total, constant exchange $700 $75 $75 * Change at 31 January 2014 vs. 31 January 2013 ** Forecasted change at 31 October 2014 vs. 31 October 2013 Deere & Company Forecast as of 12 February 2014 (Previous Forecast as of 20 November 2013) 40

| 1st Quarter 2014 Earnings Conference Call 21 Cost of Sales as a Percent of Net Sales Equipment Operations Deere & Company Forecast as of 12 February 2014 (Previous Forecast as of 20 November 2013) First Quarter 2014 ~ 75% Fiscal Year 2014 Forecast ~ 75% Previous forecast: ~ 74% 41

| 1st Quarter 2014 Earnings Conference Call 22 Research & Development Expense Equipment Operations First Quarter 2014 Down ~ 9% vs. Q1 2013 Fiscal Year 2014 ~ Flat vs. FY 2013 Previous forecast: Down ~ 3% vs. FY 2013 Deere & Company Forecast as of 12 February 2014 (Previous Forecast as of 20 November 2013) 42

| 1st Quarter 2014 Earnings Conference Call 23 Selling, Administrative & General Expense Equipment Operations Deere & Company Forecast as of 12 February 2014 (Previous Forecast as of 20 November 2013) First Quarter 2014 Down ~ 4% vs. Q1 2013 JD Landscapes: ~ (4) points Fiscal Year 2014 Forecast Down ~ 5% vs. FY 2013 JD Landscapes: ~ (7) points Previous forecast: Down ~ 4% vs. FY 2013 JD Landscapes: ~ (8) points 43

| 1st Quarter 2014 Earnings Conference Call 24 Pension and OPEB Expense First Quarter 2014 Down ~ $40 million vs. Q1 2013 Fiscal Year 2014 Forecast Down ~ $150 million vs. FY 2013 No change from previous forecast Deere & Company Forecast as of 12 February 2014 (Previous Forecast as of 20 November 2013) 44

| 1st Quarter 2014 Earnings Conference Call 25 Income Taxes Equipment Operations First Quarter 2014 Effective tax rate: ~ 31% Fiscal Year 2014 Forecast Effective tax rate: 34-36% No change from previous forecast Deere & Company Forecast as of 12 February 2014 (Previous Forecast as of 20 November 2013) 45

| 1st Quarter 2014 Earnings Conference Call 26 Continued Strong Operating Performance Equipment Operations Fiscal Year Cash Flows from Operations * No change from previous forecast Deere & Company Forecast as of 12 February 2014 (Previous Forecast as of 20 November 2013) $ Billions 46

| 1st Quarter 2014 Earnings Conference Call 27 2014 Company Outlook Second Quarter 2014 Forecast Net sales: Down ~ 6% vs. Q2 2013 Price realization: ~ +2 points JD Landscapes: ~ (3) points Currency translation: ~ (1) point Fiscal Year 2014 Forecast Net sales: Down ~ 3% vs. FY 2013 Price realization: ~ +2 points JD Landscapes: ~ (3) points Currency translation: ~ (1) point Previous forecast: Down ~ 3% vs. FY 2013 Price realization: ~ +2 points JD Landscapes: ~ (3) points Net income attributable to Deere & Company of ~ $3.3 billion No change from previous forecast Deere & Company Forecast as of 12 February 2014 (Previous Forecast as of 20 November 2013) 47

| 1st Quarter 2014 Earnings Conference Call 28 Appendix 48

| 1st Quarter 2014 Earnings Conference Call 29 49

Deere Use-of-Cash Priorities | 1st Quarter 2014 Earnings Conference Call 30 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 50

| 1st Quarter 2014 Earnings Conference Call 31 Sources and Uses of Cash Fiscal 2004–2013 Equipment Operations Source: Deere & Company SEC filings = Source of Cash = Use of Cash ~58% of cash from operations returned to shareholders 51

| 1st Quarter 2014 Earnings Conference Call Deere Quarterly Dividends Declared* Q1 2003 – Q1 2014 32 Dividend raised 82% since launch of the revised John Deere Strategy in 2010** * Adjusted for 2 for 1 stock split on 26 November 2007 ** See revised John Deere Strategy in Appendix 52

| 1st Quarter 2014 Earnings Conference Call 33 Share Repurchase As Part of Publicly Announced Plans Cumulative cost of repurchases 2004-1Q2014: ~ $11.2 billion Amount remaining on May 2008 authorization of $5 billion: ~ $0.5 billion Amount remaining on December 2013 authorization of $8 billion: ~ $8.0 billion 31 January 2014 period ended shares: ~ 369.7 million 1Q2014 average diluted shares: ~ 375.4 million Shares repurchased 2004-1Q2014: ~ 184.3 million Average repurchase price 2004-1Q2014: $60.67 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 18.2 $1.5 2014 YTD 5.4 $0.5 * 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 2004-1Q2014 53

| 1st Quarter 2014 Earnings Conference Call 34 Other Information Equipment Operations Fiscal Year 2014 Forecast Capital Expenditures: ~ $1.2 billion No change from previous forecast Depreciation and Amortization: ~ $800 million No change from previous forecast Pension/OPEB Contributions: ~ $115 million No change from previous forecast Deere & Company Forecast as of 12 February 2014 (Previous Forecast as of 20 November 2013) 54

| 1st Quarter 2014 Earnings Conference Call 35 U.S. Farm Commodity Prices Deere & Company Forecast as of 12 February 2014 (Previous Forecast as of 20 November 2013) (dollars per bushel, except cotton, which is dollars per pound) 2012/13 2013/14 Forecast Previous 2013/14 2014/15 Forecast Previous 2014/15 Corn $6.89 $4.45 $4.40 $4.25 $4.50 Wheat $7.77 $6.80 $7.00 $6.50 $6.75 Soybeans $14.40 $12.70 $12.50 $10.50 $11.00 Cotton $.73 $.75 $.75 $.70 $.70 55

U.S. Farm Commodity Prices | 1st Quarter 2014 Earnings Conference Call 36 Source: Actual Data: USDA Forecast Data: Deere & Company Forecast as of 12 February 2014 56

(Yield in bushels per acre, except cotton, which is pounds per acre) Acres Planted (millions) 2013/14 Estimate 2014/15 Projection Corn 95.4 91.5 Wheat 56.2 57.0 Soybeans 76.5 80.0 Cotton 10.4 11.0 | 1st Quarter 2014 Earnings Conference Call 37 U.S. Acres Planted Deere & Company Forecast as of 12 February 2014 57

| 1st Quarter 2014 Earnings Conference Call 38 U.S. Farm Cash Receipts Deere & Company Forecast as of 12 February 2014 (Previous Forecast as of 20 November 2013) (in billions of dollars) 2012 2013 Forecast Previous 2013 2014 Forecast Previous 2014 Crops $223.5 $215.6 $206.6 $192.1 $193.1 Livestock $171.6 $181.4 $173.8 $178.0 $173.5 Government Payments $10.6 $11.3 $11.4 $8.0 $11.1 Total Cash Receipts $405.7 $408.3 $391.8 $378.1 $377.7 58

| 1st Quarter 2014 Earnings Conference Call 39 U.S. Net Farm Cash Income Deere & Company Forecast as of 12 February 2014 (Previous Forecast as of 20 November 2013) (in billions of dollars) 2012 2013 Forecast Previous 2013 2014 Forecast Previous 2014 Total Cash Receipts $405.7 $408.3 $391.8 $378.1 $377.7 Other Farm-Related Income $33.6 $36.0 $36.4 $27.0 $27.0 Gross Cash Income $439.3 $444.3 $428.2 $405.1 $404.7 Cash Expenses ($304.9) ($312.0) ($305.0) ($295.0) ($295.0) Net Cash Income $134.4 $132.3 $123.2 $110.1 $109.7 59

| 1st Quarter 2014 Earnings Conference Call 40 January 2014 Retail Sales EU 28 Deere* Tractors a single digit Combines low double digits U.S. and Canada Deere* Selected Turf & Utility Equipment a single digit * Based on internal sales reports U.S. and Canada – Construction & Forestry Deere* First-in-the-Dirt a single digit Settlements low double digits 60

Deere’s second quarter 2014 conference call is scheduled for 9:00 a.m. central time on Wednesday, May 14, 2014 61