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: 333-228964-05

Central Index Key Number of issuing entity: 0001867550



JOHN DEERE OWNER TRUST 2021-B

(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                                     |  | 87-6455160                           
|-------------------------------------------- |  | -------------------------------------
|(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 filero |  | Accelerated filero        
| | ------------------------ |  | --------------------------
| | Non-accelerated filerx   |  | Smaller reporting companyo
| |                          |  | Emerging growth companyo  



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.  | Mine
    Safety Disclosures.
|         |                             
|None.    |                             



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.                                                        



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PART IV



|Item 15. | Exhibits and  Financial Statement Schedules.
|-------- | --------------------------------------------
|         |                                             
|         | (a)(1)                                      
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|         |     | 99.4  Asset Representations Review Agreement, dated July 21, 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 July 21, 2021, Commission File No. 333-228964-05).
|-------- | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|         |     |                                                                                                                                                                                                                                                                                                                                                                    
|         | (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-B, 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-B, 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 July 13, 2021, among John Deere Receivables LLC, John Deere Capital Corporation, and MUFG Securities Americas Inc., Barclays Capital Inc., BofA Securities, Inc., and Credit Agricole Securities (USA) Inc., as representatives of the underwriters named therein (incorporated by reference to Exhibit 1.1 to the Form 8-K of registrant filed July 15, 2021, Commission File No. 333-228964-05).
|            |  |                                                                                                                                                                                                                                                                                                                                                                                                                                 
|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 July 21, 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 July 21, 2021, Commission File No. 333-228964-05).                                                                                                                                                            
|            |  |                                                                                                                                                                                                                                                                                                                                                                                                                                 
|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 July 20, 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 July 21, 2021, Commission File No. 333-228964-05).                                                                                                                                        
|            |  |                                                                                                                                                                                                                                                                                                                                                                                                                                 
|99.2        |  | Sale and Servicing Agreement, dated July 21, 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 July 21, 2021, Commission File No. 333-228964-05).                                                                                                            
|            |  |                                                                                                                                                                                                                                                                                                                                                                                                                                 
|99.3        |  | Administration Agreement, dated July 21, 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 July 21, 2021, Commission File No. 333-228964-05).                                                                                                    
|            |  |                                                                                                                                                                                                                                                                                                                                                                                                                                 
|99.4        |  | Asset Representations Review Agreement, dated July 21, 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 July 21, 2021, Commission File No. 333-228964-05).                                                                   



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-B
|----------------------- | -----------------------------
|                        |                              
|                        |                              
|                        | By:                          
|                        |                              
|                        |                              
|                        |                              
|                        | By:                          
|                        |                              
|                        |                              
|                        |                              
|Dated: January 21, 2022



6