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Closing Bell

Manifest Space: CNH Inks Intelsat Partnership with CNH CEO Scott Wine 5/23/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 23 May 2024

⏱️ 16 minutes

🧾️ Download transcript

Summary

As agriculture becomes increasingly connected and autonomous, space is helping to enable the surge in services. CNH Industrial is the latest to level up its satellite communications, partnering with Intelsat to bring satellite communications to precision farming in rural areas. CEO Scott Wine joins Morgan Brennan to dig into the collaboration, what space can bring to farming and the global agricultural downturn.

Transcript

Click on a timestamp to play from that location

0:00.0

CNH industrial is perhaps best known for its case IH tractors and combines,

0:07.0

but the agriculture and construction machines the company makes to move Earth

0:11.0

will soon be connected by space.

0:13.0

CNH Industrial recently announced a collaboration with Intelsat

0:17.0

to provide customers a satellite option for more precise farming in the fields.

0:20.0

The partnership will bring connectivity to rural areas where

0:23.4

terrestrial mobile networks are just not available. And CNH's CEO Scott

0:27.9

Wine says of the industry options, IntelSAT was the best fit.

0:32.0

A lot of those farmers needed access to our technology that they couldn't get with our cellular networks or just GPS.

0:40.0

And what IntelS gives us is this multi-spatial aspect of bringing almost anywhere in the world and especially anywhere in South America and Brazil, you know, that our farmers can have ready access to this technology that they need to provide the precision

0:54.8

that ultimately guides their farming.

0:57.6

The offering will roll out first in Brazil, where less than 20% of prospective farmland

1:01.7

has high-speed internet access. The US and Australia will come

1:05.3

online next year. The timeline means CNH will be first to market ahead of rival deer, which

1:10.1

in January announced its own partnership with SpaceX's Starlink,

1:14.1

joining this podcast to discuss it.

1:16.3

The Space Deals, though, speak to the future of farming.

1:19.2

Constant connectivity is essential.

1:21.2

As agriculture becomes increasingly tech enabled

1:23.6

machines become more autonomous and as manufacturers offer more

1:28.1

data-based services. On this episode, CNH's wine discusses the partnership as IntelS

1:34.3

is poised to be purchased by SES, how space offers more value to farmers on Earth,

...

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