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Balanced Reporting. Trusted Insights.
Friday, May 27, 2022
Economists have raised their forecast for farm income this year. As a result, farm earnings are expected to be about the same this year as last, despite sharp increases in production costs.
Farm equipment manufacturer John Deere announced the creation of a fully autonomous tractor that it plans to make available to farmers later this year at the Consumer Technology Association conference in Las Vegas on Tuesday.
John Deere announced Thursday that it bought Silicon Valley startup Bear Flag Robotics for $250 million, the company’s latest attempt to further develop its autonomous technology.
In an effort to expand its influence in the precision agriculture equipment sector, CNH industrial announced Monday that it is in the process of buying South Dakota-based Raven Industries for $2.1 billion.
Leading farm equipment manufacturers are trying to make data collection and sharing easier with plans to launch a new interface allowing real-time data exchanges between brands.
