Immediately following the release of its 5-year plan to significantly increase its investment in autonomous ag technologies, Raven Industries acted on that strategic plan with the acquisition of 2 independent autonomous companies.
Farmers and contractors operating fleets of machinery from different brands will in the near future be able to securely exchange and view machine data through a common interface called DataConnect. In addition, they will be able to control and monitor their entire machinery fleet using their preferred telematics platform, without having to switch portals or manually transfer data from one system to another.
Raven Industries (NASDAQ:RAVN) isn’t wasting any time in getting its recently announced strategic plan to invest in autonomous farming technology off the ground. The company announced that is has acquired Smart Ag Inc., a technology company that develops autonomous farming solutions for agriculture.
Dot Technology Corp. announced that it has entered into an agreement wherein Raven Industries, a manufacturer of agriculture technology with a focus on autonomous farming, will acquire majority ownership of Dot. Funds will be used to support the continued commercialization and evolution of the Dot Power Platform and Dot Ready Implements.
About 40% of North American farm equipment dealers expect revenue from sales of new machinery to improve in 2020, while 37% are forecasting little or no change compared to 2019, according to the results of the Ag Equipment Intelligence’s 2020 Dealer Business Outlook & Trends survey.
The program started by the Ohio Soybean Council and soybean checkoff in 2017, is a public site that strives to create a “farmers helping farmers” community by collecting reviews for all brands and models of precision ag equipment.
Raven Industries Inc. has announced details of its strategic plan, which include a significantly increased level of investment in targeted areas in order to drive greater earnings growth and long term value. Over the next several years, the company will advance two strategic platforms for growth: Raven Autonomy and Raven Composites.
While strides have been made establishing precision as a standalone business, dealerships continue to seek a better balance between revenue generated by hardware sales and service. This mindset is reflected in a continuing trend toward a more balanced breakdown of precision revenue sources in the seventh annual Precision Farming Dealer Benchmark study.
The partnership will allow AgJunction to introduce its Wheelman auto-steering solutions to nearly 9,000 FBN members through various strategic channels within the network’s framework.
From technician to service manager to now chief technology officer, Layne Richins has pretty much seen it all in his 20-plus year career with Stotz Equipment. And now he’s at the forefront of implementing AI at the 24-store John Deere dealership.
DigiFarm VBN is a proven leader in providing RTK Correction Services across the Midwest and beyond, via cellular based RTK network. We have been in business since 2011 working with farmers, Ag retailers, and precision Ag dealers
We leverage our years of experience and industry knowledge to deliver solutions that keep you moving forward. For more than 30 years, our team of entrepreneurs and technicians have focused on understanding the hurdles you face. Then we brainstorm possibilities. Whether it’s offering a replacement part, repairing parts that aren’t working or creating custom solutions for your challenge. We’re experts in ag equipment electronic parts and systems. But more importantly, we make connections to keep your operation moving forward.
Hexagon is the global leader in digital reality solutions, combining sensor, software and autonomous technologies. We are putting data to work to boost efficiency, productivity, quality and safety across industrial, manufacturing, infrastructure, public sector, and mobility applications.