$6.6 Million Grant From John Deere will Help Feed Americans Facing Hunger
Rhea-AI Summary
Deere & Company (NYSE:DE) announced a $6.6 million three-year unrestricted funding commitment to Feeding America to combat hunger in the United States. The grant aims to address food insecurity affecting over 47 million Americans, including 14 million children. Deere also supports The Farmlink Project, which recently redirected 15 million pounds of surplus apples from farms to food banks. This initiative marks over 40 years of Deere's commitment to food banks, which began during the 1980s farm crisis. The company's broader strategy includes partnerships with the Global Food Banking Network, One Acre Fund, Nature Conservancy, and World Food Program USA.
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- Commitment of $6.6 million in unrestricted funding over three years to combat hunger
- Strategic partnership with Farmlink Project successfully redirected 15 million pounds of surplus food
- Long-term commitment demonstrated through 40+ years of food bank support
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- None.
News Market Reaction
On the day this news was published, DE gained 1.40%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
With tens of millions of dollars invested over the last 40 years, John Deere is improving customers' livelihoods while addressing hunger
Hunger is solvable
More than 47 million Americans, including nearly 14 million children, face hunger each year. At the same time, farmers grow enough food to feed everyone in the country. Some farmers are even burdened with excess crops that, if not left for waste (as
"With John Deere's support, the Feeding America network can extend our reach to help ensure more nutritious food gets to communities where it is needed most," Claire Babineaux-Fontenot, CEO of Feeding America, said. "Their grant will help address complex issues of food access, improving networks that support people experiencing food insecurity and strengthen communities and the farmers who sustain them."
Supporting a record-breaking, innovative approach to solving hunger
In addition to partnering with Feeding America, John Deere supports The Farmlink Project, a nonprofit organization that confronts one of the biggest challenges in our food system: getting surplus food from farms directly to communities in need. This fall, Farmlink completed a record-breaking food rescue event, redirecting over 15 million pounds of surplus apples from
"Supporting important initiatives like these is part of John Deere's broader efforts to not only strengthen – but ultimately transform – our food system to effectively end hunger," said John May, Chairman and CEO of Deere & Company. "Our commitment to customers extends beyond delivering solutions that help them do more with less; it's about actively engaging in initiatives that enhance customers' livelihoods while tackling hunger in our local communities."
John Deere has supported food banks since they first emerged in the company's home communities during the farm crisis in the 1980s. Today's announcement marks more than 40 years of support and tens of millions of dollars in funding, which also includes working with the Global Food Banking Network, creating opportunities for smallholder farmers through the One Acre Fund and the Nature Conservancy, and supporting the World Food Program
To learn more about Deere's commitment to ensuring food on every table, visit Empowering Communities.
About Deere & Company
Deere & Company (www.JohnDeere.com) is a global leader in the delivery of agricultural, turf, construction, and forestry equipment. We help our customers push the boundaries of what's possible in ways that are more productive and sustainable to help life leap forward. Our technology-enabled products including John Deere Autonomous 8R Tractor, See & Spray™, and E-Power Backhoe are just some of the ways we help meet the world's increasing need for food, shelter, and infrastructure. Deere & Company also provides financial services through John Deere Financial.
For more information on Deere & Company, visit us at www.deere.com/en/news/.
About Feeding America
Feeding America is committed to an America where no one is hungry. We support tens of millions of people who experience food insecurity to get the food and resources they say they need to thrive as part of a nationwide network of food banks, statewide food bank associations, food pantries and meal programs. We also invest in innovative solutions to increase equitable access to nutritious food, advocate for legislation that improves food security and work to address factors that impact food security, such as health, cost of living and employment.
We partner with people experiencing food insecurity, policymakers, organizations, and supporters, united with them in a movement to end hunger. Visit FeedingAmerica.org to learn more.
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SOURCE John Deere Company
FAQ
How much did John Deere (DE) commit to Feeding America in 2024?
How many Americans face hunger according to John Deere's (DE) 2024 press release?
How many pounds of surplus apples did The Farmlink Project, supported by John Deere (DE), rescue in 2024?
When did John Deere (DE) begin supporting food banks?
