Deere and Co.
Newcomers challenge ag goliaths in Big Data race
Start-up companies such as FarmLogs and 640 Labs are in the hunt for customers along with agribusiness giants Deere, Pioneer and Monsanto in the new agricultural field of Big Data, says Reuters.
Deere weighs whether to sell crop insurance arm
The world's largest farm equipment maker, Deere and Co., hired Citigroup to help it decide whether to sell its crop insurance wing, says Insurance Journal. Deere has sold an irrigation unit and its interest in a landscaping business in the past year. Insurance Journal quoted a Deere spokesman as saying, "While crop insurance provides a unique and important touch point with our agricultural customers, we have determined that the federal crop insurance program itself is not core to John Deere.” Recent droughts and a decline in commodity prices has made insurance less profitable.
Deere to scale back as farmers buy less equipment
The world's largest farm equipment manufacturer said sales were down by 5 percent worldwide - down 8 percent in the United States and Canada - in the third quarter - due to lower commodity prices...
Wild West days at the Big Data ranch
The big questions for the emerging Big Data era in agriculture will be resolved in the next couple of years, a panel of experts said on Tuesday, although none suggested the likely results.