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Economy

Deere May Sell Crop Insurance Business

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Deere & Company

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. 

A native of Detroit, Herb Trix began his radio career as a country-western disc jockey in Roswell, New Mexico (“KRSY, your superkicker in the Pecos Valley”), in 1978. After a stint at an oldies station in Topeka, Kansas (imagine getting paid to play “Louie Louie” and “Great Balls of Fire”), he wormed his way into news, first in Topeka, and then in Freeport Illinois.