Deere and Company might sell its crop insurance business. Tuesday the company announced it's reviewing what it calls "strategic options" for John Deere Insurance Company, a division of John Deere Financial.
Despite entering the crop insurance business just eight years ago, it's become one of the top-ten providers in the US, with more than 50,000 customers in more than 40 states.
John Deere Insurance now employs 220 people - most are based in Des Moines, but it also has adjusters located across the country.
According to a press release, while crop insurance is important for Deere agricultural customers, it's not a "core" business for the company.