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UPDATE 1-Deere to explore strategic options for crop insurance unit

2014-09-24 00:08:43| Industrial Machines - Topix.net

Deere & Co, the world's largest farm equipment maker, said it was exploring strategic options for its low-margin crop insurance business and had hired Citigroup as its adviser. The business underwrites policies through John Deere Insurance Co, offering protection to farmers from losses stemming from a variety of causes such as natural disasters and declines in crop prices.

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