Justice Department asks farmers about high-speed planters
The Justice Department, which filed an anti-trust suit to prevent Deere & Co. from buying Precision Planting, recently telephoned farmers in the Midwest to ask about the market dynamics for high-speed planters, says DTN.
Deere says planter deal won’t reduce competition
In response to a Justice Department lawsuit, Deere and Co., the world's largest farm equipment maker, says its purchase of a competitor, Precision Planting, will expand farmers' ability to update their planters and will not reduce competition for planter sales.
U.S. antitrust lawsuit wants to stop Deere purchase of Precision Planting
The Justice Department filed an antitrust lawsuit in federal court in Chicago to block Deere and Co., the world's largest farm equipment maker, from buying Precision Planting, its chief competitor in selling high-speed seed planters to farmers. The government says the two companies account for at least 86 percent of sales of the planters, which are expected to become the industry standard.