I don't remember the details, but this podcast goes into pretty significant depth - https://www.listennotes.com/podcasts/business-breakdowns/john-deere-centurie

I don't remember the details, but this podcast goes into pretty significant depth - https://www.listennotes.com/podcasts/business-breakdowns/john-deere-centuries-of-k2lbO3V-ZHi/ https://www.listennotes.com/podcasts/business-breakdowns/joh... Lots of moats - financial, reputational, generational, technological, branding, performance, distribution, etc.