Feb 13 (Reuters) - Deere & Co DE.N reported lower first-quarter profit on Thursday, as more farmers switched to renting tractors and other equipment due to weak incomes and high borrowing rates.
The world's largest farm-equipment maker reported a net income of $869 million, or $3.19 per share, compared with $1.75 billion, or $6.23 per share, a year earlier.
(Reporting by Shivansh Tiwary in Bengaluru; Editing by Sriraj Kalluvila)
((Shivansh.Tiwary@thomsonreuters.com; +91 9708363192; X: @Shivansh_19_;))
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