What is a 'Grant'. A grant is the issuance of an award, such as a stock option, to key employees under a stock plan. A stock option grants the employee the right to purchase a certain number of shares of the company's stock at a predetermined price. This price is called the grant price.
John Deere agricultural tractors are built in Waterloo, Iowa, USA. Lawn mower tractors are built in Horicon, Wisconsin. Utility tractors are built in Grovetown, Georgia, USA. Other utility tractors sold in countries other than the US are built in Pune, India. Larger European tractors are built in Mannheim, Germany.
A state of the art tractor manufacturing plant for 5000 series John Deere tractors was set up at Sanaswadi, near Pune, in the state of Maharashtra. These tractors were introduced in India in early 2000. In 2005, Deere & Company acquired nearly all the remaining shares in this joint venture.