Deere's Trading Volume Drops 41.15% to $503 Million Ranking 174th as Capital Raising Plans Unveiled

On June 2, 2025, Deere's trading volume reached $503 million, marking a 41.15% decrease from the previous day. The stock ranked 174th in terms of trading volume for the day. Deere's stock price increased by 0.31%, marking the second consecutive day of gains, with a total increase of 0.87% over the past two days.

John Deere Capital Corporation has filed for an offering of $800 million in 4.550% Senior Notes due June 5, 2030. This financial move is significant as it indicates the company's strategy to raise capital, which could be used for various purposes such as expanding operations, investing in new technologies, or paying down existing debt.

The lack of reliable mobile service in rural America poses a significant challenge for the agricultural industry, which is a key sector for Deere. The company's goal of achieving full farm equipment autonomy by 2030 is hindered by the current state of rural mobile connectivity. Deere's partnership with Starlink highlights the urgent need for improved cellular service in rural areas to support the deployment of high-tech farming equipment.

The U.S. Department of Agriculture (USDA) plays a crucial role in supporting farmers and rural communities. In 2024, the USDA provided $35 billion in direct subsidies to farmers and allocated $115 billion through the SNAP program. However, there is a pressing need for additional funding to address the lack of 5G mobile service in rural areas, which is essential for maintaining the competitiveness of the U.S. agricultural industry.

The Federal Communications Commission (FCC) has been working to improve mobile broadband in rural areas through various initiatives, including the Mobility Fund and the 5G Fund for Rural America. However, these efforts have faced challenges due to inaccurate mapping data and insufficient funding. The FCC's 2024 5G Rural Fund order aims to address these issues by including unserved and underserved areas lacking 7/1 Mbps speeds and requiring "some portion of a road" and homes to be included in the designated areas.

Critics have pointed out that the $9 billion allocated for the 5G Rural Fund is insufficient to cover the actual costs of deploying 5G service across rural America, which are estimated to be around $55 billion. The USDA, with its experience in distributing loans and funding for rural infrastructure, could be a viable alternative for allocating the necessary funds to improve mobile connectivity in rural areas.