Severe drought in the Midwest is shrinking crop sizes, hurting farmers’ wallets and driving up prices of corn and other goods for consumers. Deere & Co. said Tuesday that although conditions are leading it to be cautious in its outlook for the next several months, it could end up being a boon for equipment makers and farmers next year.
Here are some positive factors Deere thinks will result next year from one of the worst droughts in 50 years:
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