CNH Industrial is making strides in delivering on its Ag Tech roadmap. They are demonstrating achieved progress in the Precision Technology space at a two-day event for financial, investor and media communities. It took place in Phoenix, Arizona, USA on 7 and 8 December. It showcased how they are developing and commercialising industry-leading products in automation, autonomy, digital, alternative fuels and electrification to benefit our customers, the world’s farmers, and the Earth.
“Our Tech Day will show the world how CNH Industrial is leveraging our great iron to develop and deploy technology that simplifies and enhances operations; provides insightful data, and utilizes alternative power solutions – all to sustainably advance farming,” says Scott W. Wine, Chief Executive Officer, CNH Industrial. “Raven’s significant contributions to this effort will also be on full display – demonstrating how we have incorporated their capabilities and accelerated our technology offering to create customer solutions that drive efficiency and profitability.”
CNH Industrial’s full-year 2022 agriculture net sales are expected to include an estimated USD 900 million contribution coming exclusively from precision technology components. They forecast a 10–15 per cent annual growth rate across the next two to three years and they are aggressively pursuing an estimated USD one billion in 2023 net sales contribution from Precision Technology components. Precision Technology components include technology contained in whole goods, retrofit components, and Raven third-party sales.
The morning saw CNH Industrial’s leaders and technical experts review Ag Tech innovations with a specific focus on Precision Technology through Automation, Autonomy and Connected Platform technologies. Industry firsts and new technology developments – both at the commercial and concept stage – was also presented. A discussion on the Business Impact of Ag Tech outlined how Precision Technology drives value for the customers, business, R&D and talent. In the field, the technologies in action were – ready for farmers to put to work across the full farming cycle.
Precision is embedded into the technology solutions and it helps farmers make better decisions by seeing, sensing, and acting on data levels beyond what they were previously able to access.
Here are the key areas of the productivity, Automation delivers higher yields, reduces input costs and operator fatigue, improves efficiency and lowers environmental impact. Autonomy expands operating windows and increases productivity. Connected Platform links farmers to their machines, fields, team, and partners helping them manage their operations from anywhere, anytime.
The demand to reduce emissions and address the evolving energy crisis intensifies our drive to find new ways to power our iron. CNH Industrial is a first mover in alternative fuels and electrification for agriculture. This event will see the unveil for Liquefied Natural Gas – generated from captured Methane – and Electrification in farming. They play a key role in our sustainability journey to set and reach science-based reduction targets.