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Balanced Reporting. Trusted Insights.
Saturday, April 05, 2025
The world’s largest commodity trader plans to slash about 8,000 of its global 164,000-person workforce as part of a sweeping effort to cut costs and restructure.
John Deere's closure of facilities has affected many Corn Belt communities in Illinois and Iowa. CNH Industrial and Bridgestone-Firestone Ag have added to the list of close plants.
Two more equipment companies have inked right-to-repair memorandums of understanding with the American Farm Bureau Federation, bringing about 70% of the ag equipment sold in the U.S. under the same umbrella of agreement.
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.
