A worker uses a cordless drill to assemble a tractor on a factory production line. Photo: AGCO/Fendt.

Farm equipment makers caught in war-driven stock market shockwave

John Deere, AGCO and CNH Industrial have seen billions erased from their market valuations as the Iran conflict pushes oil past US$100 a barrel and deepens uncertainty across the agriculture sector

Major manufacturers, including John Deere, AGCO and CNH Industrial, see market capitalizations drop by billions as Iran war continues to roil global markets.