CNH Industrial Unveils Latest Ag Tech and Smart Farming Firsts
December 8, 2022 CNH Industrial is making great strides in delivering on its Ag Tech roadmap. The company demonstrated achieved progress in the precision technology space at a two-day event for financial, investor, and media communities in Phoenix, Arizona, December 7-8. CNH showcased how it is developing and commercializing industry-leading products in automation, autonomy, digital, alternative fuels and electrification to benefit its 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 $900 million contribution coming exclusively from Precision Technology components. We forecast a 10 – 15% annual growth rate across the next two to three years and are aggressively pursuing an estimated $1 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.
During the event, CNH Industrial’s leaders and technical experts reviewed 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 commercial and concept stage – were presented. A discussion on the Business Impact of Ag Tech outlined how Precision Technology drives value for CNH customers, business, R&D, and talent.
Precision is embedded into CNH 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 where CNH is driving productivity for its customers:
- 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 Raven Advantage: Raven is accelerating its autonomy program and enhancing CNH’s Tech Stack capabilities to deliver solutions faster. In just over a year, CNH has already developed and brought cutting-edge firsts to the world’s fields through its brands. These include the industry’s first autonomous spreader.
- Alternative Fuels. 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 us unveil world firsts 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.
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