Continued adoption and integration of new technologies to improve crop yields and meet the soaring demand for food are expected to be key influencers for growth in the agriculture market, according to a new study, Vertical Market Outlook Series: Agriculture Equipment released by the Equipment Leasing & Finance Foundation.
Agricultural innovation is thriving in Ireland. This was amply evident during the 88th National Ploughing Championships, the country’s longest running and largest display of advanced farm equipment and agricultural products.
Winnipeg, Man.-based Ag Growth International announced that it has agreed to make a minority equity investment of US$15 million in Farmobile Inc. AGI and Farmobile have also entered into a Strategic Commercial Agreement to expand the existing collaboration between the two companies.
“Imagineering” project showed equipment makers accurate in their assessment of what technology
would be present on today’s farms. So, we asked several respondents for another 10-year outlook.
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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.