The John Deere Foundation has announced that it plans to invest $200 million over ten years in support of farmers, Deere employees, and communities where the company has operations.
The commitment includes $100 million over the next decade to help ensure that families and youth who live, work, and learn in the company's home communities have inclusive and equitable access to resources and educational opportunities. To that end, the foundation will support educational initiatives for underserved and underrepresented youth and invest $2 million annually in food banks.
The foundation will invest another $50 million in efforts to help smallholder and resource-constrained family farmers around the world make a living, feed a growing global population, reduce inequality, and protect the environment. The remaining $50 million will be used to enable employees to build on their talents, strengthen their communities, and improve the lives of people around the world.
"The urgency of running today with the vision of a better tomorrow is John Deere at our core," said John May, the company's chair and CEO and board chair of the John Deere Foundation. "The foundation's financial commitment holds true to this purpose by investing deeply in the people we serve to overcome the challenges they face today and create for themselves paths to a more prosperous tomorrow."
(Photo credit: John Deere)