Deere's $20 Billion Precision Ag Push Is Transforming Farming And That Is Good News For the Stock

Deere’s $20 billion precision ag push is framed as transforming farming through a sustained investment plan tied to U.S. manufacturing and connected farming technology. The company’s CFO, T. Brent Norwood, disclosed on the fiscal Q2 2026 earnings call that Deere plans about $20 billion of U.S. manufacturing investment over the next 10 years to support precision agriculture. The article says the rollout includes See and Spray technology that reaches customers spraying 5 million acres and nearly 440,000 monthly active users using the John Deere Operations Center. It adds that about 80% of Deere’s U.S. complete-goods sales come from U.S. manufacturing facilities and roughly 75% of components are sourced from U.S.-based suppliers. Deere’s R&D spend reached $583 million in Q2 2026, up from $549 million a year earlier. Financially, Q2 results included revenue of $13.369 billion and diluted EPS of $6.55, beating expectations, with Construction & Forestry sales up 29% to $3.79 billion.