UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549










FORM 10-K










(Mark One)

x
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended OCTOBER 31, 2021



or



 ̈ TRANSITION REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ____ to ____



Commission File Number of issuing entity: 333-228964-04

Central Index Key Number of issuing entity: 0001845709



JOHN DEERE OWNER TRUST 2021

(Exact name of issuing entity as specified in its
charter)



Commission File Number of depositor: 333-228964

Central Index Key Number of depositor: 0001762590



JOHN DEERE RECEIVABLES LLC

(Exact name of depositor as specified in its charter)



Central Index Key Number of sponsor: 0000027673



JOHN DEERE CAPITAL CORPORATION

(Exact name of sponsor as specified in its charter)



|Delaware                                     |  | 86-6587051                           
|-------------------------------------------- |  | -------------------------------------
|(State
    of incorporation or organization) |  | (IRS
    Employer Identification No.)
|                                             |  |                                      



|c/o
    John Deere Capital Corporation 
    10587 Double R Boulevard, Suite 100 |  |                |  |                       
|------------------------------------------------------------------------------- |  | -------------- |  | ----------------------
|Reno,
    Nevada                                                                |  | 89521          |  | (775)
    786-5527    
|(Address
    of principal executive offices)                                    |  | (Zip
    Code) |  | (Telephone
    Number)





SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF
THE ACT:

|Title
    of each class |  | Trading
    symbol |  | Name
    of each exchange on which registered
|----------------------- |  | ------------------ |  | ---------------------------------------------
|N/A                     |  | N/A                |  | N/A                                          



SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF
THE ACT: NONE



Indicate by check mark if the registrant is a well-known seasoned
issuer, as defined in Rule 405 of the Securities Act.



 ̈Yes   xNo



Indicate by check mark if the registrant is not
required to file reports pursuant to Section 13 or Section 15(d) of the Act.

 ̈Yes  
  xNo













Indicate by check mark whether the registrant
(1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12
months (or for such shorter period than the registrant was required to file such reports), and (2) has been subject to such filing requirements
for the past 90 days.

xYes     ̈No



Indicate by check mark whether the registrant
has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405
of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).  ̈Yes     ̈No



Indicate by check mark whether the registrant is a large accelerated
filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions
of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging
growth company” in Rule 12b-2 of the Exchange Act.

| | Large
    accelerated filer ̈ |  | Accelerated
    filer ̈        
| | ---------------------------- |  | ------------------------------
| | Non-accelerated
    filerx   |  | Smaller
    reporting company ̈
| |                              |  | Emerging
    growth company ̈  



If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ̈



Indicate by check mark whether the registrant has filed a report on
and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section
404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the
registered public accounting firm that prepared or issued its audit report. ̈



Indicate by check mark whether the registrant is a shell company (as
defined in Rule 12b-2 of the Act).

 ̈Yes   xNo



State the aggregate market value of the voting and non-voting common
equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked
price of such common equity, as of the last business day of the registrant’s most recently completed second fiscal quarter.



Not applicable.



DOCUMENTS INCORPORATED BY REFERENCE

List hereunder the following documents if incorporated by reference
and the part of the Form 10-K (e.g., Part I, Part II, etc.) into which the document is incorporated: (1) Any annual report
to security holders; (2) Any proxy information statement; and, (3) Any prospectus filed pursuant to Rule 424(b) or (c) under
the Securities Act of 1933. The listed documents should be clearly described for identification purposes (e.g., annual report to security
holders for fiscal year ended December 24, 1980).



None.




















PART I



The following items have been omitted in accordance with General Instruction
J to Form 10-K.



|Item
    1.                           | Business.                     
|------------------------------------- | ------------------------------
|Item
    1A.                          | Risk Factors.                 
|Item
    2.                           | Properties.                   
|Item
    3.                           | Legal
    Proceedings.        
|Item
    1B.                          | Unresolved Staff
    Comments.
|None.
    
    Item 4.
    
    None. | Mine
    Safety Disclosures.  

PART II



The following items have been omitted in accordance with General Instruction
J to Form 10-K.



|Item
    5.               | Market
    For Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
|------------------------- | -----------------------------------------------------------------------------------------------------------------
|Item
    6.               | [Reserved].                                                                                                      
|Item
    7.               | Management’s
    Discussion and Analysis of Financial Condition and Results of Operations.                       
|Item
    7A.              | Quantitative and
    Qualitative Disclosures About Market Risk.                                                  
|Item
    8.               | Financial Statements
    and Supplementary Data.                                                                 
|Item
    9.               | Changes in and Disagreements
    With Accountants on Accounting and Financial Disclosure.                        
|Item
    9A.              | Controls and Procedures.                                                                                         
|Item
    9B.              | Other
    Information.                                                                                           
|No
    other information.
|Item
    9C.              | Disclosure Regarding
    Foreign Jurisdictions that Prevent Inspections.                                         
|Not
    Applicable.      

PART III



The following items have been omitted in accordance with General Instruction
J to Form 10-K.



|Item
    10. | Directors,
    Executive Officers and Corporate Governance.                                        
|------------ | ---------------------------------------------------------------------------------------------------
|Item
    11. | Executive Compensation.                                                                            
|Item
    12. | Security Ownership
    of Certain Beneficial Owners and Management and Related Stockholder Matters.
|Item
    13. | Certain Relationships
    and Related Transactions, and Director Independence.                     
|Item
    14. | Principal
    Accountant Fees and Services.                                                        





1







PART IV



|Item
    15. | Exhibits and  Financial
    Statement Schedules.
|------------ | ------------------------------------------------
|             |                                                 
|             | (a)(1)                                          
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|             | (a)(2)                                          
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|             | (a)(3)                                          
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2







|             |     | 99.4  Asset
    Representations Review Agreement, dated March 10, 2021, among the registrant, as issuing entity, John Deere Capital Corporation,
    as servicer, and Clayton Fixed Income Services LLC, as asset representations reviewer (incorporated by reference to Exhibit 99.4
    to the Form 8-K of registrant filed March 10, 2021, Commission File No. 333-228964-04).
|------------ | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|             |     |                                                                                                                                                                                                                                                                                                                                                                                  
|             | (b) | See Item 15(a)(3) above.                                                                                                                                                                                                                                                                                                                                                         
|             |     |                                                                                                                                                                                                                                                                                                                                                                                  
|             | (c) | Not Applicable.                                                                                                                                                                                                                                                                                                                                                                  
|             |     |                                                                                                                                                                                                                                                                                                                                                                                  
|Item
    16. |     | Form
    10–K Summary.                                                                                                                                                                                                                                                                                                                                                           
|             |     | None.                                                                                                                                                                                                                                                                                                                                                                            



Substitute information provided in accordance with General Instruction
J to Form 10-K.



Item
1112(b) of Regulation AB, Significant Obligors of Pool Assets (Financial Information).



None.



Item
1114(b)(2) of Regulation AB, Credit Enhancement and Other Support, Except for Certain Derivative Instruments (Information Regarding Significant
Enhancement Provider (Financial Information)).



None.



Item
1115(b) of Regulation AB, Certain Derivative Instruments (Financial Information).



Not applicable.



Item
1117 of Regulation AB, Legal Proceedings.



There are no material legal proceedings pending,
or any proceedings known to be contemplated by governmental authorities, against John Deere Capital Corporation (“JDCC”),
as sponsor or servicer, John Deere Receivables LLC (“JDR”), as depositor, Deere Credit Services, Inc. (“DCS”),
as sub-servicer, John Deere Owner Trust 2021, as the issuing entity, or any other parties described in Item 1117 of Regulation AB, or
any of the property of any of the foregoing, which, individually or in the aggregate, would have a material adverse impact on investors
in the offered Notes.



Item
1119 of Regulation AB, Affiliations and Certain Relationships and Related Transactions.



JDR, the depositor and holder of a 100% ownership
interest in John Deere Owner Trust 2021, the issuing entity, is a wholly-owned subsidiary of JDCC, the sponsor, servicer, administrator,
and originator. JDR, a Nevada limited liability company, is organized for the limited purpose of purchasing retail receivables, transferring
those receivables to third parties, and performing any activities incidental to, and necessary or convenient for, the accomplishment
of those purposes. JDCC, a Delaware corporation, is a wholly-owned subsidiary of John Deere Financial Services, Inc., which is in turn
a wholly-owned subsidiary of Deere & Company. The principal business of JDCC and its subsidiaries is providing and administering
financing for retail purchases of new equipment manufactured by Deere & Company’s production
and precision agriculture operations, small agriculture and turf operations, and construction and forestry operations and used equipment
taken in trade for this equipment. JDCC has designated DCS, a Delaware corporation and an indirect wholly-owned subsidiary of
Deere & Company and of JDCC, to serve as sub-servicer at the servicer’s expense.



Item
1122 of Regulation AB, Compliance with Applicable Servicing Criteria.



| | (a) | The following
    documents are filed as part of this report.
| | --- | -------------------------------------------------------------
| |     |                                                              
| |     | Exhibit
    No.                                              
| |     |                                                              
| |     | 33.1                                                         
| |     |                                                              



3







| |  | 33.2 | Trustee’s
    Report on Compliance With Servicing Criteria (U.S. Bank National Association).
| |  | ---- | --------------------------------------------------------------------------------------------
| |  |      |                                                                                             
| |  | 34.1 | Report of Independent
    Registered Public Accounting Firm (Deloitte & Touche LLP).        
| |  |      |                                                                                             
| |  | 34.2 | Report of Independent
    Registered Public Accounting Firm (Ernst & Young LLP).            
| |  |      |                                                                                             



The Servicer has complied, in all material respects, with the Applicable
Servicing Criteria.



Item
1123 of Regulation AB, Servicer Compliance Statement.



| | (a) | The following
    documents are filed as part of this report.
| | --- | -------------------------------------------------------------
| |     |                                                              
| |     | Exhibit
    No.                                              
| |     |                                                              
| |     | 35.1                                                         
| |     |                                                              
| |     | 35.2                                                         
| |     |                                                              

Supplemental information to be furnished with reports filed pursuant
to Section 15(d) of the Act by Registrants which have not registered Securities pursuant to Section 12 of the Act.



No annual report, proxy statement, form of proxy, or other proxy soliciting
material has been sent to certificateholders, and the registrant does not presently contemplate sending any such materials subsequent
to the filing of this report.





4







EXHIBIT INDEX



|Exhibit No. |  |                                                                                                                                                                                                                                                                                                                                                                                                                           
|----------- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|            |  |                                                                                                                                                                                                                                                                                                                                                                                                                           
|1.1         |  | Underwriting
Agreement, dated March 2, 2021, among John Deere Receivables LLC, John Deere Capital Corporation, and Citigroup Global Markets Inc.,
HSBC Securities (USA) Inc., RBC Capital Markets, LLC, and TD Securities (USA) LLC, as representatives of the underwriters named therein
(incorporated by reference to Exhibit 1.1 to the Form 8-K of registrant filed March 4, 2021, Commission File No. 333-228964-04).
|            |  |                                                                                                                                                                                                                                                                                                                                                                                                                           
|3.1         |  | Articles
of Organization of John Deere Receivables LLC (incorporated by reference to Exhibit 3.1 to registration statement on Form SF-3/A
filed January 14, 2019, Commission File No. 333-228964).                                                                                                                                                                                                                        
|            |  |                                                                                                                                                                                                                                                                                                                                                                                                                           
|3.2         |  | Limited
Liability Company Agreement of John Deere Receivables LLC (incorporated by reference to Exhibit 3.2 to registration statement on Form
SF-3/A filed January 14, 2019, Commission File No. 333-228964).                                                                                                                                                                                                             
|            |  |                                                                                                                                                                                                                                                                                                                                                                                                                           
|4.1         |  | Indenture,
dated March 10, 2021, between the registrant, as issuing entity, and U.S. Bank National Association, as indenture trustee (incorporated
by reference to Exhibit 4.1 to the Form 8-K of registrant filed March 10, 2021, Commission File No. 333-228964-04).                                                                                                                                                    
|            |  |                                                                                                                                                                                                                                                                                                                                                                                                                           
|31.1        |  | Rule
13a-14(d)/15d-14(d) Certification.                                                                                                                                                                                                                                                                                                                                                                                   
|            |  |                                                                                                                                                                                                                                                                                                                                                                                                                           
|33.1        |  | John
Deere Capital Corporation’s Report on Assessment of Compliance With Servicing Criteria.                                                                                                                                                                                                                                                                                                                              
|            |  |                                                                                                                                                                                                                                                                                                                                                                                                                           
|33.2        |  | Trustee’s
Report on Compliance With Servicing Criteria (U.S. Bank National Association).                                                                                                                                                                                                                                                                                                                                  
|            |  |                                                                                                                                                                                                                                                                                                                                                                                                                           
|34.1        |  | Report
of Independent Registered Public Accounting Firm (Deloitte & Touche LLP).                                                                                                                                                                                                                                                                                                                                          
|            |  |                                                                                                                                                                                                                                                                                                                                                                                                                           
|34.2        |  | Report
of Independent Registered Public Accounting Firm (Ernst & Young LLP).                                                                                                                                                                                                                                                                                                                                              
|            |  |                                                                                                                                                                                                                                                                                                                                                                                                                           
|35.1        |  | Servicer
Compliance Statement of John Deere Capital Corporation.                                                                                                                                                                                                                                                                                                                                                          
|            |  |                                                                                                                                                                                                                                                                                                                                                                                                                           
|35.2        |  | Servicer
Compliance Statement of Deere Credit Services, Inc.                                                                                                                                                                                                                                                                                                                                                              
|            |  |                                                                                                                                                                                                                                                                                                                                                                                                                           
|99.1        |  | Trust
Agreement, dated March 9, 2021, between John Deere Receivables LLC, as depositor, and Wells Fargo Delaware Trust Company, N.A., as owner
trustee (incorporated by reference to Exhibit 99.1 to the Form 8-K of registrant filed March 10, 2021, Commission File No. 333-228964-04).                                                                                                                                 
|            |  |                                                                                                                                                                                                                                                                                                                                                                                                                           
|99.2        |  | Sale
and Servicing Agreement, dated March 10, 2021, among John Deere Capital Corporation, as servicer, John Deere Receivables LLC, as seller,
and the registrant, as issuing entity (incorporated by reference to Exhibit 99.2 to the Form 8-K of registrant filed March 10, 2021,
Commission File No. 333-228964-04).                                                                                                    
|            |  |                                                                                                                                                                                                                                                                                                                                                                                                                           
|99.3        |  | Administration
Agreement, dated March 10, 2021, among the registrant, as issuer, John Deere Capital Corporation, as administrator, and U.S. Bank National
Association, as indenture trustee (incorporated by reference to Exhibit 99.3 to the Form 8-K of registrant filed March 10, 2021, Commission
File No. 333-228964-04).                                                                                            
|            |  |                                                                                                                                                                                                                                                                                                                                                                                                                           
|99.4        |  | Asset
Representations Review Agreement, dated March 10, 2021, among the registrant, as issuing entity, John Deere Capital Corporation, as servicer,
and Clayton Fixed Income Services LLC, as asset representations reviewer (incorporated by reference to Exhibit 99.4 to the Form 8-K of
registrant filed March 10, 2021, Commission File No. 333-228964-04).                                                           
|            |  |                                                                                                                                                                                                                                                                                                                                                                                                                           





5







SIGNATURE



Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.



|                            | JOHN DEERE OWNER TRUST 2021
|--------------------------- | ---------------------------
|                            |                            
|                            |                            
|                            | By:                        
|                            |                            
|                            |                            
|                            |                            
|                            | By:                        
|                            |                            
|                            |                            
|                            |                            
|Dated: January
    21, 2022





6