The John Deere Foundation, the philanthropic organization of Deere & Company, will provide $1 million to support ongoing relief and restoration efforts related to the Asian earthquake and tsunami disaster.

Foundation officials said the money will be provided for international relief efforts through the American Red Cross, efforts that are expected to be ongoing for many months.

"This disaster has touched all of us deeply as individuals," said Deere & Company chairman and chief executive officer Robert W. Lane. "Our heartfelt thoughts and prayers go out to all who have been affected by this unimaginable disaster." Lane serves as vice president and a director of the John Deere Foundation.

Deere & Company officials noted that its business operations and employees in India - a joint venture manufacturing facility in Pune - were not impacted by the earthquake and tsunami.

Source: Company Release