The company, like competitors CNH Industrial and AGCO, has been investing in precision agriculture using sensors, software and data analytics.
, has been investing in precision agriculture. The strategy uses sensors, software and data analytics to provide more accurate farming techniques to improve crop yields, from more productive planting to more targeted fertilizing to more efficient harvesting.
"We're pretty bullish on the opportunity that the commercialization of all things space is bringing to agriculture at the moment," says Jahmy Hindman, chief technology officer of Deere, in the interview with "Manifest Space.", hosted by Morgan Brennan, wherever you get your podcasts. But GPS is no longer enough, particularly in major markets like Brazil where more than two-thirds of farming acreage has no connection to communications infrastructure.
"We had this opportunity to bring two industries together — satellite space communications and agriculture — and say, 'What kind of value could we create?'" It won't just affect new equipment, either, Hindman said, since there's an intense appetite from Deere customers for the ability to update existing equipment as well.
That dynamic will be in focus when Deere reports quarterly earnings on Friday. And as Dillard noted, Deere has also talked about the prospect of seeing roughly 10% of sales coming from common recurring software-type services by the end of the decade.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
USD/CNH could now test the 7.0500 region – UOBThe continuation of the bullish move could push USD/CNH to the 7.0500 area in the near term, comment Economist Lee Sue Ann and Markets Strategist Quek
Baca lebih lajut »
Dollar’s bounce can go further if USD/CNH consolidates above 7 – SocGenUSD/CNH has popped its head above 7 for the first time year. Does USD/CNH point to a broader Dollar bounce? Kit Juckes, Chief Global FX Strategist at
Baca lebih lajut »
USD/CNH keeps the positive outlook near term – UOBFurther upside appears in store for USD/CNH in the short-term horizon, note UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang. K
Baca lebih lajut »
Deadly crash involving tractor-trailer reported in Mont BelvieuAuthorities are responding to a deadly crash involving a tractor-trailer in Mont Belvieu, Texas, on Wednesday.
Baca lebih lajut »
2 killed in crash involving tractor-trailer in Mont Belvieu, police sayPolice confirmed two people died in a crash involving a tractor-trailer, although it's unclear how the events unfolded.
Baca lebih lajut »
Teenager, mother killed in crash involving tractor-trailer in Mont BelvieuTwo people were killed in a crash in Mont Belvieu, Texas, on Wednesday, police said.
Baca lebih lajut »