FTC Sues Deere for Holding a Monopoly on Repair Services

Business News

FTC Sues Deere for Holding a Monopoly on Repair Services
Deere & CompanyFTCMonopoly
  • 📰 CNBC
  • ⏱ Reading Time:
  • 120 sec. here
  • 10 min. at publisher
  • 📊 Quality Score:
  • News: 75%
  • Publisher: 72%

The Federal Trade Commission alleges that Deere & Company has engaged in anti-competitive practices by restricting farmers' ability to repair their own equipment and forcing them to rely on authorized dealers.

The Federal Trade Commission ( FTC ) has filed a lawsuit against agricultural equipment giant Deere & Company , alleging that the company wields a monopoly over repair services . The FTC claims that Deere has employed tactics for decades to restrict customers' ability to repair their own equipment, including tractors and combines, effectively forcing them to rely on Deere's authorized repair network.

A key piece of the puzzle is Deere's software tool, 'Service ADVISOR,' which is exclusively accessible to authorized dealers who pay a premium. The FTC argues that this tool is essential for comprehensive equipment repairs, effectively barring farmers and independent repair providers from performing these tasks themselves. Furthermore, the FTC alleges that authorized dealers often prioritize Deere-branded parts over more affordable generic alternatives during repairs, contributing to Deere's profits. The FTC Chair, Lina Khan, stated in a news release, 'Illegal repair restrictions can be devastating for farmers, who rely on affordable and timely repairs to harvest their crops and earn their income.' She emphasized that the FTC is aiming to empower farmers across the nation by ensuring they have the freedom to repair their equipment independently or choose repair shops of their preference. Khan believes this will lead to lower costs, prevent costly delays, and foster fair competition among independent repair shops. The lawsuit seeks to make 'Service ADVISOR' and other critical repair resources accessible to all Deere customers and independent repair providers. The FTC points to other manufacturers in the trucking and auto industries who readily provide the necessary information for generic repair tool developers, highlighting Deere's perceived deviation from this standard practice. In response to the lawsuit, Deere's Vice President of Aftermarket and Customer Support, Denver Caldwell, expressed disappointment, stating that the lawsuit was 'meritless' and filed on the eve of a new administration's transition. Caldwell claimed that recent discussions with the FTC revealed the agency's lack of understanding regarding the industry and Deere's business practices. He asserted that the FTC relied on inaccurate information and assumptions. Deere maintains that it has introduced numerous innovations, tools, and resources to equip customers and independent repair technicians with the necessary maintenance and repair capabilities for their equipment. The lawsuit arrives during the final days of President Joe Biden's term and FTC Chair Lina Khan's tenure, which has been marked by an assertive stance against antitrust practices. It remains uncertain whether President-elect Donald Trump's administration will continue to pursue the case against Deere

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNBC /  🏆 12. in US

Deere & Company FTC Monopoly Repair Services Antitrust Agriculture Farmers

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

FTC sues Deere, alleging equipment repair ‘monopoly' raises costs for farmersFTC sues Deere, alleging equipment repair ‘monopoly' raises costs for farmersThe Federal Trade Commission has filed a lawsuit against agricultural equipment giant Deere & Company, alleging it holds a monopoly on repair services.
Read more »

FTC Sues Deere Over Monopoly on Agricultural Equipment RepairsFTC Sues Deere Over Monopoly on Agricultural Equipment RepairsThe Federal Trade Commission (FTC) alleges that Deere & Company has used anti-competitive practices to maintain a monopoly over agricultural equipment repairs, forcing farmers to rely on expensive authorized dealers and hindering independent repair providers.
Read more »

Justin Baldoni admitted to having an 'unhealthy' relationship with porn in resurfaced interview amid Blake Lively lawsuitJustin Baldoni admitted to having an 'unhealthy' relationship with porn in resurfaced interview amid Blake Lively lawsuitBlake Lively sues Justin Baldoni for sexual harassment on ‘It Ends With Us” set
Read more »

'It Ends With Us' author Colleen Hoover supports 'honest' Blake Lively amid Justin Baldoni lawsuit'It Ends With Us' author Colleen Hoover supports 'honest' Blake Lively amid Justin Baldoni lawsuitBlake Lively sues Justin Baldoni for sexual harassment on ‘It Ends With Us” set
Read more »

Justin Baldoni's ex-publicist sues him, his crisis PR team over alleged Blake Lively smear campaignJustin Baldoni's ex-publicist sues him, his crisis PR team over alleged Blake Lively smear campaignBlake Lively sues Justin Baldoni for sexual harassment on ‘It Ends With Us” set
Read more »

House Ethics report finds 'substantial evidence' Matt Gaetz violated FL statutory rape lawHouse Ethics report finds 'substantial evidence' Matt Gaetz violated FL statutory rape lawFormer Rep. Matt Gaetz sues House Ethics Committee to stop release of ethics report
Read more »



Render Time: 2025-02-13 01:31:37