Deere stock fell as much 11% Friday as the company became the latest big U.S. corporate name to warn on the effects of inflation and supply chain issues. Walmart, Target and Cisco Systems this week cut their profit forecasts, stoking a selloff across the stock market. "It's definitely not a market to release an earnings miss even as there's a lot of good things the company has to say right now," Matt Arnold, an analyst at Edward Jones, said in a phone call. Many U.S. farmers are poised for another year of profit as war and global weather challenges have extended the 2021 crop price rally. Deere forecast 2022 net income between $7 billion and $7.4 billion, above analysts' average estimate of $6.99 billion and up from a prior range of $6.7 billion to $7.1 billion. The company also said it suffered from higher production costs as supply chain snags continue to hound the manufacturer. "The problem is more around supply chain constraints," Stephen Volkmann, an analyst at Jefferies, said in a phone interview.