Trump calls on John Deere, Case, and Caterpillar to lower equipment costs

LootboxPhobia · 2026-03-28T01:09:16+00:00

Trump calls on major agricultural equipment manufacturers to lower farmers' costs and announces a series of agricultural support actions, including new loan guarantees and updates to renewable fuel standards, seeking additional relief from Congress.

LootboxPhobia

2026-03-28 01:09:16

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Investing.com – U.S. President Donald Trump called on major agricultural equipment manufacturers to reduce costs for farmers on Friday, targeting companies including Deere & Co, CNH Industrial, and Caterpillar.

“I want John Deere, Case, and all of these—they’re great companies, Caterpillar… I want these companies to pass on savings to you in the form of lower tractor and equipment costs,” Trump said at a White House event.

The president announced a series of actions aimed at supporting the agricultural community. Trump stated that the U.S. Small Business Administration will open new loan guarantees for farmers and food suppliers.

Trump also announced updates to the renewable fuel standards and indicated that he would seek additional relief for farmers from Congress.

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