Deere & Company (NYSE: DE) crushed fiscal 2022 second-quarter (ended May 1) revenue and earnings on Friday -- reporting a 17% year-over-year increase in net income and excellent growth despite supply chain and inflation headwinds. Here's what's going on with Deere and why the agriculture stock is a buy despite some concerns. Deere is a cyclical stock whose earnings tend to rise and fall to the tune of the broader agriculture, construction, and forestry industries.