In this week’s episode, we take a look at how late planting will have implications across the entire ag supply chain. In the Technology Corner, Michaela Paukner examines Deere’s vision for autonomous farming. Also in this episode, Titan Machinery’s 1Q 2023 revenue increased nearly 24% and a look at what types of equipment growers are more likely to favor shortlines for over a unit from one of the majors.
John Deere is sizing the addressable market from its technology offerings to be an incremental $150 billion. The addressable market includes potential savings on herbicides and fertilizers, improved yields and fewer labor expenses.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.