Speculations of John Deere Operations in Russia - News and Weather For The Quad Cities -

Speculations of John Deere Operations in Russia

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EAST MOLINE -- With all the political uncertainty in Russia, many viewershave been asking us what is going to happen with the John Deere operations inRussia.

Over time, Deere and Company has invested a lot in Russia. Itcurrently has two major factories, two offices, and a parts distributioncenter. There are also more than 70 dealers throughout Russia.

KWQC's Financial Analyst, Jim Victor, says despite theoccupation of Crimea, operations should continue as normal for both employees overseasand in the Quad Cities.

Victor says, "You don't need a perfect harmony to pave theway for business that benefits both countries." He adds there will always bepolitical differences between countries.

Victor says, "We continue in a number of developing nationsaround the world where there are disagreements between governments. The situationin Russia is no different."

In 2013, Deere and Company's operations in Russia brought in1.7 billion dollars. While this is less than 5 percent of total revenue, Victorsays it's still an important business center for the company.

"CEO Sam Allen was careful to point out some time ago thatRussia has 9% of the world's farmable land. Russia is also sitting on 20% ofusable forests. For those reasons, Deere's long-term plans in Russia willcontinue to be in place," says Victor.

Eric Hodson, Manager of Strategic Public Relations at Deere& Company says in a statement, "Deere continues to closely monitor thesituation in Ukraine and Russia and we urge political leaders to solve thisissue without violence and in accord with international agreements."

As for the safety of Deere's employees, Hodson says, "Deerehas taken steps to ensure the safety of its employees. These includerestrictions of travel in the region as well as other measures."

Victor speculates, "Under the current situation, there areno travel restrictions between the United States and Russia. It's fair to saythen that Russian travelers will continue to travel here. American businesspeople will continue to travel there and it's likely that will include Deerebusiness people as well."

For now, it seems John Deere employees that travel to orwork in Russia will have stability. As for the company, they continue tospeculate with the rest of the world on what will happen in Russia.

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