Despite the pandemic and other challenges, May says the company reported the highest profits and sales in company history last year. And this year should be even better.
"We believe 2022 holds a great deal of promise. Agricultural fundamentals are positive, customer confidence is running high and infrastructure spending is set to rise. As a result we're forecasting higher sales and earnings in the year ahead."
May says the company was able to continue production and keep employees safe, even as the pandemic continued.
Deere was also able to introduce some new products, including the first autonomous tractor and a camera-equipped sprayer that can distinguish weeds from crops and reduce the use of herbicides.
He also emphasized Deere's commitment to its communities.
"Last year the company's foundation announced plans to invest $200 million over the next decade in initiatives supporting the company's values and higher purpose."
Shareholders approved election of directors but rejected a proposal to make it easier for shareholders to call special meetings.
It was the second annual meeting that Deere held virtually.