DEERE & Co's fourth-quarter net income has risen 17 per cent as it raised prices for its farm and construction equipment.
But it is predicting a slowdown in the farm economy and smaller profits for next year.
Crop prices have been dipping after setting record highs, so farmers have less money in their pockets.
Deere says that will hurt demand next year. It predicts that equipment sales will fall three per cent next year, and its profits will also decline.
For the most recent quarter Deere earned $US806.8 million ($A857.9 million), or $US2.11 per share. That was up from $US687.6 million, or $US1.75 per share, a year earlier.
The results were well ahead of the $US1.90 per share profit expected by analysts surveyed by FactSet.
Equipment revenue fell Five per cent to $US8.62 billion, matching analyst estimates.
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