Feed - And Fuel - The World

John Deere is in a position to both feed and fuel the world, CEO Robert Lane tells CNBC's Erin Burnett.

According to Lane, corn-based ethanol is only one small part of the total ethanol picture.

"Bioenergy is a very viable supplement to other forms of alternative energy," he said. "We see this as a logical way to improve the environment. And, in the case of the United States and other countries, there are certain security implications."