Deere reported earnings and revenue that beat market expectations on Wednesday, supported by strength in the farm industry in the Americas.
The company reported record third-quarter results, Deere's CEO Samuel R. Allen said in a statement.
"Deere's success is a reflection of considerable strength in the farm sector, especially in North and South America," he said.
After the earnings announcement, the company's shares gained more than 2 percent in early-hours trading. (Click here to get the latest quote.)
Income rose 26.4 percent to $996.5 million, or $2.56 a share, from $788.0 million, or $1.98 a share, in the third quarter.
Revenue spiked 12 percent to $10.01 billion from $8.93 billion a year ago.
Analysts had expected Deere to report earnings excluding items of $2.17 a share on $9.28 billion in revenue, according to a consensus estimate from Thomson Reuters.
Net sales of the equipment operations worldwide increased 4 percent for the quarter, the company said in a statement.