Manifest Space: Space Enabled Farming with Deere CTO 5/18/23
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 18 May 2023
⏱️ 25 minutes
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| 0:00.0 | What comes to mind when you think of John Deere? The green and yellow logo, |
| 0:04.4 | combines dotting the American countryside? How about space? It's something current |
| 0:09.9 | board member and former Boeing defense CEO Leanne Corret discussed on this |
| 0:13.9 | podcast in April. |
| 0:15.9 | Dear is I think one of the best technology secrets in the world out there. They are I |
| 0:22.4 | had the honor of watching you know some of the |
| 0:25.6 | automated planting and the sea and spray technology. It just it's just absolutely mind-boggling at times what the ability to do is, but you're not going to do that to your point without the access to space. |
| 0:42.0 | Deer is making a big bet on precision agriculture, which uses |
| 0:45.0 | sensors, software, and data analytics to improve crop yields. |
| 0:48.0 | It's already selling self-driving tractors and other autonomous farming equipment, |
| 0:53.0 | and now the machinery manufacturer is looking to partner with satellite operators |
| 0:57.0 | to boost connectivity. |
| 0:59.0 | The company began eliciting bids for a SATCOM's contract last fall, Deal Value |
| 1:04.2 | undisclosed, and Jamie Hindman, Deere's Chief Technology Officer, is the person overseeing |
| 1:09.7 | the process. |
| 1:10.7 | We're pretty bullish, actually, on the opportunity that the commercialization of all things space is bringing |
| 1:16.7 | to agriculture at the moment. |
| 1:17.7 | If you think of agriculture, it's largely a rural job, right? |
| 1:22.5 | It's done in rural locations where terrestrial cell |
| 1:26.3 | connectivity is not always available. |
| 1:29.1 | And when it is, it's not always sufficient |
| 1:31.0 | to do the types of things that farmers need to have done in the field. |
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