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Dan'S Excavating


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thomas. Excavator. May 23rd , 2018.

Deere & Company is listed on the New York Stock Exchange under the symbol DE.5 The companys slogan is "Nothing Runs Like a Deere" and its logo is a leaping deer with the words JOHN DEERE under it. The logo has been used by the company for over 155 years.

Before the 1990s all excavators had a long or conventional counterweight that hung off the rear of the machine to provide more digging force and lifting capacity. This became a nuisance when working in confined areas. In 1993 Yanmar launched the worlds first Zero Tail Swing excavator9 which allows the counterweight to stay inside the width of the tracks as it slews thus being safer and more user friendly when used in a confined space. This type of machine is now widely used throughout the world.

Deere bought out Tate and Goulds interests in the company in 1853 and was joined in the business by his son Charles Deere. At that time the company was manufacturing a variety of farm equipment products in addition to plows including wagons corn planters and cultivators. In 1857 the companys production totals reached almost 1120 implements per month. In 1858 a nationwide financial recession took a toll on the company. To prevent bankruptcy the company was reorganized and Deere sold his interests in the business to his son-in-law Christopher Webber and his son Charles Deere who would take on most of his fathers managerial roles. John Deere served as president of the company until 1886. The company was reorganized again in 1868 when it was incorporated as Deere & Company. While the companys original stockholders were Charles Deere Stephen Velie George Vinton and John Deere Charles effectively ran the company. In 1869 Charles began to introduce marketing centers and independent retail dealers to advance the companys sales nationwide. This same year Deere & Company won "Best and Greatest Display of Plows in Variety" at the 17th Annual Illinois State Fair for which it won $10 and a Silver Medal.

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