Deere & Co agrees to pay $99 million to settle 'right to repair' lawsuit
ABC News • • business
Key Points:
- Deere & Co. has agreed to a $99 million settlement to resolve a class action lawsuit accusing the company of monopolizing repair services by withholding repair software and forcing farmers to use authorized dealers.
- The lawsuit alleged that Deere and its dealers charged higher prices by restricting repair options, creating an unlawfully restrained market from January 2018 to the settlement date.
- Deere denies any wrongdoing but agreed to the settlement to focus on serving customers, with additional measures to improve access to repair resources and diagnostics included in the agreement.
- The settlement requires court approval and establishes a fund for farmers who paid for large agriculture equipment repairs during the specified period.
- Deere also faces a separate Federal Trade Commission lawsuit filed in January 2025, accusing the company of unfair practices that increase repair costs and limit farmers' ability to perform timely repairs.
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