Monday, January 30, 2023
No Result
View All Result
  • Home
  • Recent
  • Business
  • Economy
  • Investing
  • Markets
  • Personal Finance
  • Retirement
  • Tech
  • Startups
  • Insurance
  • Market Research
  • Crypto
  • Home
  • Recent
  • Business
  • Economy
  • Investing
  • Markets
  • Personal Finance
  • Retirement
  • Tech
  • Startups
  • Insurance
  • Market Research
  • Crypto
No Result
View All Result
Home Markets

Deere Stock: Advancing A Smart Farm Future (NYSE:DE)

Updates Finance by Updates Finance
July 16, 2022
in Markets
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


metamorworks

You might also like

Tech, megacaps drag Wall St lower at start of big market week By Reuters

BJ’s Restaurants: Unattractive Valuation For Turnaround Story

Support and Resistance – Analytics & Forecasts – 30 January 2023

The following segment was excerpted from this fund letter.


In our engagements with farm equipment maker Deere (NYSE:DE), we have followed new technology as it has developed from early promise of environmental and social benefits to market reality. In March 2022, Deere’s Chairman & CEO and CFO met with ClearBridge’s investment team in our New York offices. While prior to the pandemic we had regularly hosted the company, this meeting was among the most interesting as the relatively new CEO outlined a bold plan that placed improved environmental stewardship squarely at the center of the company’s future.

Industrial farming, at its core, is not an especially environmentally friendly enterprise. Agronomic practices have improved over time, but fertilizer, herbicide and pesticide applications and water usage remain problematic. Deere believes its precision farming technology can drive down chemical and fertilizer volumes materially —possibly by as much as 70% — as sensors and cameras attached to tractors, sprayers and combines help determine the exact level of chemicals that might be required.

This more precise methodology is expected to:

  1. improve crop yields;
  2. reduce farmer input costs; and
  3. improve overall land management capabilities.

Farmers will make more money and grow more food to support global populations while at the same time better caring for the soil. There are also substantial environmentally positive knock-on effects because fertilizers largely are either carbon-based or mined.

There are also social benefits to Deere’s precision farming, such as increasing access to cost savings for smaller, non-commercial or family farms, and the contribution of improved crop yields toward SDG 2: Zero Hunger. This is in addition to its benefits for SDG 15: Life on Land through promoting sustainable use of terrestrial ecosystems. Deere’s technological strength also includes bringing connectivity to farmers in emerging markets, for example improving Wi-Fi access for farmers in Brazil.

New equipment pricing has moved much higher recently as Deere upgrades its offerings to support this effort. That said, the company has introduced substantial aftermarket packages so farmers using older equipment, who may not be able to afford completely new items, benefit from this technology.

Lastly, we discussed a timeline for transitioning large farm equipment away from diesel to an alternative fuel. At present, however, there is no viable alternative that has the power requirements necessary to drive a tractor for an hour, much less a full day, making any such transition a more distant opportunity.

Overall, we had been waiting to have this discussion for several years, and we were pleased the company’s technologies finally appear to have caught up to precision farming’s initial promise.


Editor’s Note: The summary bullets for this article were chosen by Seeking Alpha editors.



Source link

Tags: AdvancingDeereFarmFutureNYSEDESmartStock
Share30Tweet19
Updates Finance

Updates Finance

Recommended For You

Tech, megacaps drag Wall St lower at start of big market week By Reuters

by Updates Finance
January 30, 2023
0

© Reuters. FILE PHOTO: Traders work on the trading floor at the New York Stock Exchange (NYSE) in New York City, U.S., January 27, 2023. REUTERS/Andrew Kelly By...

Read more

BJ’s Restaurants: Unattractive Valuation For Turnaround Story

by Updates Finance
January 30, 2023
0

RLWPhotos Just over three months ago, I wrote on BJ's Restaurants (NASDAQ:BJRI), noting that I saw zero margin of safety in the stock at $25.80, and I expected...

Read more

Support and Resistance – Analytics & Forecasts – 30 January 2023

by Updates Finance
January 30, 2023
0

Support occurs when falling prices stop, change direction, and begin to rise. Support is often viewed as a “floor” which is supporting, or holding up, prices. Resistance is...

Read more

Ambuja Cements Share Price: Ambuja Cements rises 6.03% as Sensex climbs

by Updates Finance
January 30, 2023
0

Shares of . traded at Rs 404.15 on BSE at 10:00AM (IST) on Monday, up 6.03 per cent from previous close. The stock quoted a 52-week low price...

Read more

Fundamental Analysis of Olectra Greentech

by Updates Finance
January 30, 2023
0

Fundamental Analysis of Olectra Greentech: The electric vehicle (EV) push in India opens a plethora of business opportunities across mobility, infrastructure, and energy. Businesses like charging stations, battery...

Read more
Next Post

Scott Trench’s 10-Step Checklist to Buy Your First Rental Property

Related News

US Senator Says Too Many Crypto Firms Are Able to Scam Customers — Urges SEC to Regulate – Regulation Bitcoin News

July 19, 2022

Onions, mangoes, apples drive India’s horticulture growth

July 14, 2022

Animal Spirits: What’s the Negative Catalyst?

January 11, 2023

Browse by Category

  • Business
  • Cryptocurrency
  • Economy
  • Insurance
  • Investing
  • Latest updates
  • Market Research
  • Markets
  • Personal Finance
  • Retirement
  • Startups
  • Technology

Get the latest Financial news on updatesfinance.com. Business news, Economy news, Investing news, Personal Finance and more.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Insurance
  • Investing
  • Latest updates
  • Market Research
  • Markets
  • Personal Finance
  • Retirement
  • Startups
  • Technology

Recent News

  • Tech, megacaps drag Wall St lower at start of big market week By Reuters
  • Joshimath: Chamoli DM suggests three options for settlement of displaced people

Copyright © 2022 - Updates Finance..

No Result
View All Result
  • Home
  • DMCA
  • Disclaimer
  • Cookie Privacy Policy
  • Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Updates Finance..

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?