Sabanto’s Cory Spaetti provides an all-access, behind-the-scenes look at how the young company is working to bring its autonomy system to the marketplace.
There are 5 levels of autonomy generally accepted within automotive and off-road equipment engineering circles. The highest level is reached when a machine operates with full autonomy, going anywhere and doing anything an experienced human operator can currently achieve.
China’s need for agricultural imports remains significant since they are faced with providing food for nearly one-third of the world’s population. The past decade has produced a growing middle class in China that has demonstrated an increased demand for not only basic foods, but also for high quality products that are only available from other parts of the world.
The strength of the U.S. economy continues to provide support for the smaller tractor sales but the recent declines in the stock markets will have a sobering effect upon some future purchases.
Ag equipment sales were starting to improve in the last few months. Dealer sentiment has been more positive the last several months. All in all, things were starting to look a lot better for the farm equipment world. Then last week, President Donald Trump pledged to impose a 25% tariff on foreign steel that is scheduled to be enacted this week.
Looking back, 2017 will most likely be viewed as the turning point in agricultural equipment sales for this cycle. While there will probably remain some weakness in the larger tractors and combines in 2018, there are definite signs of a bottom developing.
In this episode of On the Record, we look at a recent AEM survey that found the majority of ag equipment manufacturers reported improving supply chain issues. In the Technology Corner, Noah Newman looks at Leaftech Ag's new handheld tissue analysis tool. Also in this episode, CNH Industrial's latest acquisitions and Titan Machinery's fiscal year 2023 earnings.
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