** Farm equipment maker Deere & Co's shares DE.N fall 8% to $438 premarket

** Co reports lower first-quarter profit as more farmers switch to renting tractors and other equipment due to weak incomes and high borrowing rates

** Q1 2025 net income fell 50% to $869 mln or $3.19 per share, from $1.75 bln, or $6.23 apiece, a year ago

** Q1 worldwide net sales and revenue fell 30% to $8.51 bln

** In 2024, stock had risen nearly 6% YTD

(Reporting by Aatreyee Dasgupta)

((Aatreyee.Dasgupta@thomsonreuters.com))