Aug 15 (Reuters) - Deere & Co ( DE ) reported a lower

third-quarter profit on Thursday, as high borrowing rates and

plummeting farm incomes hampered demand for the company's

tractors and other farm equipment.

The company reported a net income of $1.73 billion, or $6.29

per share, for its third quarter, compared with $2.98 billion,

or $10.20 per share, a year earlier.

(Reporting by Shivansh Tiwary in Bengaluru; Editing by Shinjini

Ganguli)