Farm equipment giant John Deere announced this year it is investing nearly $20 billion over the next decade to bolster its U.S. operations as part of its ongoing commitment to American manufacturing.

"We look forward to carrying forward our founder’s legacy of ingenuity as we continue building and investing in America," Cory Reed, president of Deere & Co.'s worldwide agriculture and turf division for production and precision agriculture in the Americas and Australia , told FOX Business.

"We were born here, and we’re here to stay."

The company's $20 billion investment focuses on the development of new products, "cutting-edge" technology and more advanced manufacturing capabilities, Reed said.

Founded in 1837 in Grand Detour, Illinois , by blacksmith John Deere, the company has mad

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