More than 10,000 union workers at John Deere factories will soon be voting on a new labor contract.
Deere and United Auto Workers began negotiations on a new labor agreement in late August, just more than a month before the existing deal expired Oct. 1.
Yesterday, the two sides announced that they had reached agreement on a new six-year contract, which will cover Deere workers at 12 factories in Iowa, Illinois, and Kansas.
Neither Deere nor UAW released more specifics on the deal, saying they had agreed not to make any public comments.
The slowing farm economy has been challenging for farm machinery companies like Deere and its counterparts, which are dealing with falling sales, slimmer profits, and layoffs.