The Federal Trade Commission has filed a lawsuit against agricultural equipment giant Deere & Company, alleging it holds a monopoly on repair services.

Incoming Federal Trade Commission Chair Andrew Ferguson blasted Democratic commissioners for suing Deere & Co. while regulators were in negotiations with the company to address farmers' complaints.

Illegal repair restrictions can be devastating for farmers, who rely on affordable and timely repairs to harvest their crops and earn their income,” FTC Chair Lina Khan said

The Federal Trade Commission (FTC) has filed a suit against John Deere, accusing it of “unfair” practices that force farmers to pay higher-than-average repair costs. The federal organization, along with attorneys general for Illinois and Minnesota,

The Federal Trade Commission sued Deere, alleging the tractor maker limits farmers’ ability to repair their own equipment, giving Deere an illegal monopoly on repair services. The FTC’s lawsuit, filed Wednesday in Chicago federal court,

The Federal Trade Commission is accusing Deere & Co. of unfairly monopolizing the farm-equipment repair market.

The sign outside a John Deere dealer is seen in Denver May 14, 2015. A weak global agriculture sector weighed heavily on quarterly results posted by Deere & Co on May 22, 2015, but earnings still topped expectations,

The U.S. Federal Trade Commission has prepared a lawsuit against Deere & Co alleging the company's agricultural equipment repair practices violate competition laws, Bloomberg News reported on Tuesday,

The US Federal Trade Commission has prepared a lawsuit against tractor giant Deere & Co. alleging the company’s agricultural equipment repair practices violate competition laws, according to people familiar with the matter.