Deere and Company has announced 910 layoffs at its facilities in Iowa and Illinois. Most of the employee cutbacks are being made in the Cedar Valley, where 565 workers at three plants in Waterloo are being placed on indefinite layoff.

Company officials announced the workforce adjustments today (Friday, January 23, 2015).

The layoffs also effect approximately 300 workers at the Des Moines works in Ankeny and 45 at the Harvester Works in East Moline, Ill.

The employment cutbacks announced today are effective at different dates for each location. They begin in early February and most are effective in late March.

According to Deere officials, the workforce adjustments reflect the economic forecast included in the company's November, 2014 earnings report, which indicated a slow-down in the farm economy. Deere reported worldwide net sales and revenues on all equipment decreased five percent, to $8.965 billion, for the fourth quarter and were down five percent, to $36.067 billion, for the full 2014 fiscal year. The company said the decline was the result of lower profits for agricultural equipment.

The company continues to align the size of its manufacturing workforce to market demand for products, Deere and Company officials said this morning.

Sales of John Deere equipment are projected to decrease about 15 percent for fiscal-year 2015 and to be down about 21 percent for the first quarter compared with year-ago periods. For fiscal 2015, net income attributable to Deere and Company is anticipated to be about $1.9 billion.

Today's announcement of layoffs is the second one made by John Deere in a span of five months. On August 22, 2014, company officials announced more than 460 layoffs in Waterloo. Those layoffs took effect in October.

(Elwin Huffman contributed to this story)

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