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There may still be more layoffs to come at John Deere.
On Friday, Deere & Company announced over 600 layoffs in the Quad Cities effective August 30th.
The ag equipment manufacturer reported a revenue drop of more than 15-percent in the second quarter.
The U.S. Department of Agriculture anticipates a drop of about 25-percent in net farm income this year.
That's expected to lead to a further reduction in equipment purchases by farmers, which Deere says may result in more job losses.
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