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DEERE & COMPANY

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Deere mpany : ExactRate™ helps farmers fertilize their crops faster

03/03/2021 | 08:07pm EDT

In order for farmers to sustain their farms for generations to come they need to be more efficient with the time they spend in the field.

A new John Deere technology - ExactRate™ - is helping farmers do just that. ExactRate, which debuts this week at Commodity Classic, is an on-planter system that fertilizes new crops at twice the speed previously possible, while working seamlessly with other new Deere technologies that allow farmers to simultaneously plant their crops.

'Multiple independent studies have shown that fertilizer applied at the time of planting provides the best opportunity for plant health, on-time maturity and increased bushels per acre,' said Kevin Juhl, a Deere marketing manager.

ExactRate helps farmers reduce the number of trips needed to refill fertilizer tanks during planting, as it provides the capacity to carry 1,600-gallons of fertilizer with the new 8RX Tractor and new Deere planters. That's enough fertilizer to go several hours between refills.

'We had an imbalance before,' said Grant Wonderlich, solutions architect at Deere. 'Our customers had seed capacity for hours of planting but fertilizer capacity for a fraction of that. We've worked across factories to close that gap, and knowing it makes a difference in our customers' businesses is the best part of it all.'

Disclaimer

Deere & Company published this content on 02 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 March 2021 01:06:05 UTC.


© Publicnow 2021
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Financials (USD)
Sales 2021 38 129 M - -
Net income 2021 5 009 M - -
Net Debt 2021 24 249 M - -
P/E ratio 2021 23,8x
Yield 2021 0,88%
Capitalization 119 B 119 B -
EV / Sales 2021 3,77x
EV / Sales 2022 3,39x
Nbr of Employees 69 634
Free-Float 57,9%
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Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 384,30 $
Last Close Price 380,72 $
Spread / Highest target 12,9%
Spread / Average Target 0,94%
Spread / Lowest Target -38,0%
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Managers and Directors
NameTitle
John C. May Chairman, President, CEO & COO
Ryan D. Campbell Chief Financial Officer & Senior Vice President
Rajesh Kalathur Chief Information Officer
Jahmy J. Hindman Chief Technology Officer
Marc A. Howze Chief Administrative Officer & Senior VP
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