[FoxBusiness] The tractor was created with the purpose of "feeding the world," noting that global food demand is expected to increase by 50% by 2050, according to Deere.
| The demand must be due to increasing prosperity, given the population crash over the next quarter century as the world’s post-WWII generation passes into the Great Unknown. |
John Deere is turning to artificial intelligence to help farmers address labor shortages and enable them to handle other tasks associated with their business.
"Think about every step a farmer does for corn and soybeans – whether that's tillage, planting, spraying and harvesting," Deere CFO Josh Jepsen said during an interview on "The Claman Countdown." "We will make all of those autonomous here over really probably the balance of the decade."
The U.S. is the second-leading soybean producer and exporter in the world. Meanwhile, corn accounts for more than 95% of the total feed grain production and use in the country, according to the U.S. Department of Agriculture.
The company announced in January the creation of new autonomous tractors, an autonomous dump truck and an autonomous electric mower. The machines use computer vision, cameras and AI to navigate their environments, according to a press release from John Deere.
|