I know… you wanted to say Deere. And you would be correct. However I was thinking about the US Economy. Sure, the stock market pulled back a little in the third quarter amid the talk of China decelerating and the Federal Reserve not raising interest rates. But forget about all of those external factors and the so-called global economy.
The US is an engine within itself and remains the strongest economy in the world. To wit, John Deere is expanding a manufacturing plant in Horicon Wisconsin by 300,000 square feet and adding 75 jobs building heavy machinery. That machinery then drives another sector near and dear – agriculture. We continue to feed the world from between our coasts, with farm output around $170 billion.
Leading economic indicators show a rebound in industrial production in mid-2016. That lines up perfectly with Deere’s plant expansion to meet the product demand. We should see a strong economy through 2016 and 2017. Now is the time to prepare for that demand.