In the third quarter of 2008: - John Deere's net sales increased 17% to $7.7 billion and net income grew 7% to $575 million. - The company announced $35 million in investments to increase combine capacity and acquired two precision irrigation companies. - Worldwide agricultural equipment sales increased 35% to $4.544 billion due to higher shipment volumes and improved price realization, despite higher raw material costs. - U.S. crop yields are forecast to be similar to last year, supporting continued agricultural equipment demand.