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Deere Slips As Biden Says Farmers Have 'Right to Repair' Tractor Software

Published 07/06/2021, 10:35 AM
Updated 07/06/2021, 10:36 AM
© Reuters.

© Reuters.

By Dhirendra Tripathi

Investing.com – Deere & Company (NYSE:DE) fell Tuesday after a report that President Joe Biden wants the Federal Trade Commission to limit the ability of farm equipment manufacturers to restrict tractor owners from using independent repair shops or complete some repairs on their own.

Biden's planned executive order on competition will encourage the FTC to address the issue, a Reuters (TSX:TRI) report said.

Some tractor manufacturers like Deere use their own repair tools and software, and that prevents outsiders from being able to make some repairs.

For many manufacturing companies, tying users to their repair services is a large and constant revenue stream, often carrying high margins.

Latest comments

This was even a question?? This administration is worthless
youre worthless...go ***off trumo
Seems to me that the previous administrations that never addressed this issue were the worthless ones.
as a farmer it's nice to be able to fix your equipment. do I think that the government should do this no but it is needed.
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