DTN
Mobile allows subscribers access to real-time market quotes, weather and news
information via their personal wireless device., Deere + Company (NYSE: DE) today
announced worldwide net income of $604. For the first six months, net income was
a record $826.5 million and $142.

In other parts of the world, industry retail sales in Western Europe
are forecast to be down 5 percent for the year .7 million
last year.88 +29 $3.

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newscom. Net sales of the equipment operations were $6.S. and Canada, sales
increased by 11 percent and 13 percent for the respective periods excluding
currency translation and by 16 percent and 19 percent on a reported basis. Operating profit was $135
million for the quarter and $133 million for six months, compared with
$152 million and $171 million last year. Improved price realization offset higher raw material costs in
both periods.S. Full-year net income is expected to be about $315
million, reflecting strong performance in the company's credit
operations and an improvement in health-care results . Prices for
pulp, lumber and structural panels are important to sales of forestry
equipment.

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Whether at home, in the car, or even out in the field, producers of dairy,
grains and livestock can stay current on the latest trends and information
specific to their market through the DTN Mobile alerting capabilities.43 per share, for the
second quarter ended April 30, compared with $477.748 billion for the first six
months.260 billion at April
30, 2005, compared with $12.
All of the Company's businesses and its reported results are affected by
general economic conditions in and the political stability of global markets
in which the Company operates; production and technological difficulties,
including capacity and supply constraints and prices, including for supply
commodities such as steel and rubber; oil and energy prices and supplies; the
availability and cost of freight; trade, monetary and fiscal policies of
various countries; wars and other international conflicts and the threat
thereof; actions by the U. Company results are also affected by changes in market values of
investment assets and the level of interest rates, which impact postretirement
benefit costs, and significant changes in health care costs. The Company,
however, undertakes no obligation to update or revise its outlook, whether as
a result of new developments or otherwise.

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DTN 's newsroom, the largest in the agricultural industry, provides
reporting and analysis on current production issues, political and government
policies, key industry events, market forecasts and international markets. All other trademarks
are the properties of their respective owners.

- Business -improvement efforts driving healthy operating leverage.

- Company increases earnings projection for full year.546 billion for six months, compared with $5.208 billion for the corresponding periods last year.5 million for six months versus $62.6 billion
for 2005 and in a range of $450 million to $475 million for the third quarter. The
operating-profit improvements were primarily driven by higher worldwide
sales, efficiencies related to stronger production volumes, and lower
postretirement benefit costs.S. Markets for construction equipment are
experiencing further growth as a result of generally positive U.56 +29

* Includes equipment operations outside the U.

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"Our efforts to build, and grow, a great business are moving ahead as
planned and are driving our financial and operating performance to new
levels," Lane said. In this environment ,
Deere sales of construction and forestry equipment are forecast to rise
by 18 to 20 percent for fiscal 2005.
Forward-looking statements involve certain factors that are subject to
change, including for the Company's agricultural equipment segment the many
interrelated factors that affect farmers' confidence, including worldwide
demand for agricultural products, world grain stocks, the growth of non-food
uses for some crops, prices realized for commodities and livestock , crop
production expenses (most notably fuel and fertilizer costs), weather and soil
conditions , real estate values, available acreage for farming, the land
ownership policies of various governments , changes in government farm
programs, international reaction to such programs, animal diseases (including
bovine spongiform encephalopathy, commonly known as "mad cow" disease), crop
pests and diseases (including Asian rust and aphids), harvest yields,
availability of transport for crops and the level of farm product exports
(including concerns about genetically modified organisms).

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Through
the new wireless information services offered by DTN, customers now have
significantly greater access to real-time market, weather and agriculture news
and production information -- no matter where they are located. All rights reserved.56 per share, last year.
Strong customer response to John Deere products and a continuing focus on
operating efficiency are contributing to the company 's performance. "At the same time, our efforts to hold the line on
operating costs and asset levels are helping us deliver record financial
results.55 billion to $1. Division sales increased 17 percent for the
quarter and 20 percent for six months. and Canada have moderated in recent months . Securities and Exchange Commission; actions by
environmental regulatory agencies, including those related to engine emissions
and the risk of global warming; actions by other regulatory bodies; actions by
rating agencies; capital market disruptions; investor sentiment; inflation and
deflation rates , interest rate levels and currency exchange rates; customer
borrowing and repayment practices, and the number of customer loan
delinquencies and defaults; actions of competitors in the various industries
in which the Company competes, particularly price discounting; dealer
practices especially as to levels of new and used field inventories; labor
relations; changes to accounting standards; the effects of terrorism and the
response thereto; and legislation affecting the sectors in which the Company
operates.

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, DTN, a leading business-to-business
provider of real-time information services , today launched new mobile and
Internet products for professionals in the agricultural industry, including
DTN Grains(TM), DTN Livestock(TM), DTN Dairy(TM) and DTN Mobile(TM). The real-time weather information enables producers to better plan
and make decisions specific to their needs, such as when to prepare their herd
for extreme weather conditions or when to spray, plant and harvest.

The increases were primarily due to growth in the credit
portfolio, reflecting strong demand for John Deere products, as well as a
lower provision for credit losses, partially offset by lower financing
spreads. Production levels are expected to be down 7 to 9
percent in the second half of the year with most of the reduction occurring in
the fourth quarter.

-- Commercial + Consumer Equipment.S.

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"
On the weather front, DTN's exclusive PrecipTimer(TM) provides customers
with precise information about the start, stop and duration of precipitation
for any given location .
(Logo: http://www.
Deere's asset-management efforts are continuing to yield positive results. Production in the second
half of last year was unusually high as a result of strong retail demand
related in part to expiring tax incentives."

Equipment Division Performance

-- Agricultural Equipment.S.
economic conditions and an increased level of spending on construction
projects.

-- Financial Services.
JDCC's net income was $61.5 million for the quarter and $129.
Factors affecting the outlook for the Company's commercial and consumer
equipment segment include weather, general economic conditions in these
markets, consumer confidence, consumer borrowing patterns, consumer purchasing
preferences, housing starts , and spending by municipalities and golf courses.S.

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The advanced remote
capabilities of DTN Mobile allow users to customize their own parameters and
receive real-time updates.621 billion for the
second quarter and increased 15 percent to $10.
Operating profit was $488 million for the quarter and $651 million for
six months, compared with $430 million and $516 million last year. Having a positive impact for
the quarter and six months was improved price realization, which offset
an increase in raw material costs. Forestry markets in
the U.
The number of housing starts, interest rates and consumer spending
patterns are especially important to sales of the Company's construction
equipment.

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296 billion and
$8. Partially offsetting these
factors for both periods were higher raw material costs.0
million last year. Increased shipments of commercial products are expected to offset
weakness in consumer riding lawn equipment, where sales have gotten off
to a slow start due to cold, wet weather.
The Company's outlook is based upon assumptions relating to the factors
described above, which are sometimes based upon estimates and data prepared by
government agencies. Further information concerning the
Company and its businesses, including factors that potentially could
materially affect the Company's financial results , is included in other
filings with the Securities and Exchange Commission.

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It
also provides extensive coverage of local agronomic information, unique ag
industry news and breaking news stories.

DTN is a registered trademark.280
billion, or 38 percent of previous 12-month sales, compared with $6. As a result of these steps, we're
confident the company is in a good position to continue delivering exceptional
financial results and solid investor returns over the long term. Such estimates and data are often revised.

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31 per share, compared with $648.S. and Canada to be up 5 to 10 percent
for fiscal 2005 in comparison with last year. Currency is expected
to add about three percentage points to the company's farm-machinery
sales for the year.

John Deere Capital Corporation
The following is disclosed on behalf of the company's credit subsidiary ,
John Deere Capital Corporation (JDCC), in connection with the disclosure
requirements applicable to its periodic issuance of debt securities in the
public market. Some of these risks and uncertainties could affect
particular lines of business, while others could affect all of the Company's
businesses .36 $2.

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The improvements were primarily due to improved price
realization, increased shipments , efficiencies related to stronger production
volumes and lower postretirement benefit costs.
Trade receivables and inventories at the end of the quarter were $7. The increases were mainly due to
higher shipments, reflecting continued strong retail demand, as well as
improved price realization and the impact of currency translation. Division sales rose 28 percent for the quarter
and 30 percent for six months reflecting strong activity at the retail
level. The operating profit increases were mainly a result
of higher sales and efficiencies related to stronger production
volumes.
In addition, drought conditions have had a negative impact on Brazilian
soybean production. Deere's commercial equipment
sales are benefiting from the extensive product introductions of recent
years.

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DTN Launches Wireless Information Services

In addition to the advanced mobile alerting capabilities offered through
DTN , producers can log on to the Internet 24 hours a day, seven days a week
for an array of up-to-date , reliable agricultural information. The company delivers on-demand market information,
commodity cash prices, industry news and in-depth analysis, and location-
specific weather to over 120,000 subscribers through its four brands -- DTN
Ag, DTN Energy, DTN Market Access, and Meteorlogix.info ."

Summary of Operations
Company equipment sales in the U.
Financial services operations reported net income of $74. Six-month operating profit last year included a $30
million pretax gain for the sale of an equipment rental company.

Market Conditions + Outlook

-- Agricultural Equipment. Cash receipts are forecast to be near last
year's record total, while farm debt levels remain steady and land
values continue to move up.

-- Construction + Forestry. Net receivables and
leases administered, which include receivables previously sold, totaled
$17.S.

Second Quarter 2005 Press Release
(millions of dollars and shares except per share amounts)

Three Months Ended Six Months Ended
April 30 April 30
% %
2005 2004 Change 2005 2004 Change
Net sales and revenues:
Agricultural
equipment
net sales $3,292 $2,816 +17 $5,302 $4,412 +20
Commercial and
consumer equipment
net sales 1,235 1,318 -6 1,758 1,888 -7
Construction and
forestry net
sales 1,492 1,162 +28 2,486 1,908 +30
Total net
sales* 6,019 5,296 +14 9,546 8,208 +16
Credit revenues 343 324 +6 673 639 +5
Other revenues 259 257 +1 529 514 +3
Total net sales
and revenues * $6,621 $5,877 +13 $10,748 $9,361 +15

Operating profit
(loss): **
Agricultural
equipment $488 $430 +13 $651 $516 +26
Commercial and
consumer equipment 135 152 -11 133 171 -22
Construction and
forestry 233 144 +62 334 237 +41
Credit 109 110 -1 235 227 +4
Other 6 (17) 15 (12)
Total operating
profit * 971 819 +19 1,368 1,139 +20
Interest, corporate
expenses and income
taxes (367) (342) +7 (541) (491) +10
Net income $604 $477 +27 $827 $648 +28

Per Share:
Net income - basic $2.

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DTN wireless services also include local radar
information, detailed hourly forecasts, current condition updates and plot
maps to illustrate where a weather system is in relation to a specific farm
operation.

About DTN
DTN, a private company based in Omaha, Neb.

MOLINE, Ill.8 million, or $3.1 million, or
$2. Lane, chairman and
chief executive officer. Last year's results benefited from gains on retail notes sold
during the quarter and six months, while results for first-quarter and first
six months of 2005 benefited from growth in the portfolio and a lower
provision for credit losses, partially offset by lower financing spreads.448 billion one year ago.93 +27 $3.

** Operating profit is income before external interest expense, certain
foreign exchange gains or losses, income taxes and corporate expenses.

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Through
advanced online capabilities, producers can view market updates throughout the
trading day, as well as specific trading recommendations on a variety of
commodities, such as corn, soybeans, wheat , cattle and swine. Producers can
access current cash and futures prices, extensive market commentary and
coverage, and easy-to-use customizable analysis tools to better manage their
risks.0 million , or $2.com/cgi-bin/prnh/20030326/JOHNDEERELOGO )
Worldwide net sales and revenues grew 13 percent to $6. "We're
continuing to add new customers worldwide who appreciate the quality and value
of our advanced products and services," said Robert W. and Canada rose 13 percent for the
quarter and 15 percent for the six months.5 million for the
quarter and $162.

Company Outlook
Deere's net income is now projected to be $1. The U.

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88 per
share, for the same period last year .
Deere's equipment divisions reported operating profit of $856 million for
the quarter and $1. Also included in financial
services results were improved health-care underwriting margins for both
periods.
Excluding the impact of currency translation, company equipment sales are
expected to increase by 9 to 11 percent for the year and by 13 to 15 percent
for the third quarter.339 billion one year ago. and Canada as follows:
Net sales $1,800 $1,550 +16 $2,924 $2,465 +19
Operating profit $253 $227 +11 $364 $335 +9

The company views its operations as consisting of two geographic areas,
the "U.

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Currency is forecast to add about two percentage points
to sales for both periods. However, demand in
other parts of the world has continued to grow.
Net receivables and leases financed by JDCC were $15.

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Mobile Alerting and Internet Capabilities Provide Agricultural Professionals
Round -The-Clock Access to Real-Time, Location-Specific Market, Weather and
News Information

OMAHA, Neb. A companion to DTN's
online and satellite services, DTN Mobile provides users the ability to
acquire the time-critical information they need while on the move.DTNmedia.

Deere Delivers 27% Increase in Second-Quarter Earnings

- Quarterly net income hits record $604 million; sales and revenues up
13 percent.S. Sales of John Deere commercial and
consumer equipment are now forecast to be flat to up 3 percent for the
year .4 million and $136.

Safe Harbor Statement
Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995: Statements under "Company Outlook," "Market Conditions and Outlook,"
and other statements herein that relate to future operating periods are
subject to important risks and uncertainties that could cause actual results
to differ materially.43 $1. and Canada".

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3 million, or $1. Last year, Deere's credit operations benefited from gains on retail
notes sold during the quarter and first six months. Given these conditions, Deere expects
industry retail sales in the U. Federal Reserve Board and other central banks;
actions by the U.46 $1.

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Operating profit improved to $233 million for the quarter and
$334 million for the year to date compared with $144 million and $237
million last year.31 $2.S.

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019 billion for the
quarter and $9. Outside the U.118 billion for six months, compared with $726 million and
$924 million last year.113
billion, or 40 percent of sales, a year ago. Improved price realization offset the
increase in raw material costs for the quarter and largely offset the
increase experienced year to date.

-- Construction + Forestry. Farmers in the region
are expected to see good levels of income this year; however equipment
sales in Spain and Portugal are being hurt by dry weather. These factors are expected to continue driving fleet
replenishment by contractors and rental companies.400 billion at April 30, 2005, compared with $15.

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For more information
regarding DTN wireless products and spokesperson information, visit
http: //www. "We are also providing value to investors in the form of
higher dividends and stock repurchases . Sales declined 6 percent for the
quarter and 7 percent for six months, reflecting the impact of
unseasonably cold, wet weather on the sale of consumer riding lawn
equipment during an important selling period.

Based on these factors and market conditions, worldwide sales of John
Deere agricultural equipment are forecast to be up 9 to 11 percent for
the year excluding the impact of exchange rates. The levels of public and non-residential construction also impact
the results of the Company's construction and forestry segment.63 +28
Net income - diluted $2.

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"DTN is committed to offering professionals in the agriculture industry
reliable, continuous access to the most current market, weather and industry
news," said Robert Gordon, chief executive officer, DTN. "Through the new DTN
wireless products, professionals have the convenience of utilizing a variety
of mobile and internet-based tools -- helping them make better and more
informed decisions, whether on the farm or on the go., is the leading business-to-
business provider of real-time information services across multiple vertical
markets including agriculture , energy, commodity trading, and other weather-
sensitive industries. farm sector is expected to remain in
solid condition for the remainder of 2005 as a result of a high level
of cash receipts, including increased government payments, and strong
farmer balance sheets.S. In South
America, industry sales are now forecast to be down about 40 percent,
primarily due to conditions in Brazil, where negative factors include a
weaker U. dollar, lower commodity prices, and increased input costs. and Canada", and "outside the U.

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When a custom parameter is reached , DTN delivers
an alert directly to users' cell phones, SmartPhone or PDA, providing instant
access to ever-changing market and weather conditions. The planned lower production rates are expected to bring
down year-end trade receivable and inventory levels as company factories
prepare for the introduction of new products in 2006.

-- Commercial + Consumer Equipment.7 million for
the year to date, compared with net income of $67.
However, operating profit of the credit segment includes the effect of
interest expense and foreign exchange gains or losses.

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DTN Launches Wireless Information Services

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Deere Delivers 27% Increase in Second-Quarter Earnings

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