John Deere has announced the layoffs of nearly 300 more workers in the Quad Cities area amid reduced demand as farm income continues to sag

Deere & Co. is laying off an additional nearly 300 people in Iowa and Illinois as demand for farm equipment slows from the peak production of recent years.Most Read from BloombergInside the ‘Utopias’

John Deere says it plans to layoff nearly 300 employees at its facilities in the Quad Cities effective January 3rd. In a statement to Brownfield, the company said the latest layoffs are due to reduced demand for the products manufactured at the plants.

Deere & Co. ($DE), the maker of John Deere tractors and farm equipment, has announced more layoffs due to a persistent slump in the U.S.

Deere said in a statement that "these layoffs are due to reduced demand" and that "they are not related to production moves."

In the last year, Deere has cut almost 3,000 jobs across Iowa and Illinois. It said the cuts are due to reduced demand, not moving production.

Nearly 300 jobs between two John Deere facilties in theThe state of Iowa's Worker Adjustment and Retraining Notification (WARN) log shows John Deere has laid o