Former Chairman & Chief Executive Officer, Deere
Search every verified Samuel Allen interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. In a 2018 interview, Samuel Allen discussed the performance of Deere & Company and the agricultural market. He noted that the Greek dealer group he was visiting had significantly improved since 2012, calling them a "very very special management team" and expressing interest in expanding their operations to other markets. Allen stated that globally, the agricultural market was "on the plus side" from a low base, citing growth in regions like Brazil, but he identified the US and Canadian markets as the only major markets that had not fundamentally improved due to persistently low commodity prices. Allen also addressed the adoption of precision agriculture technology. He described Deere's investments in a platform that would make equipment "smarter and smarter" and eventually autonomous, allowing for precise seed placement and spraying to reduce input costs and improve yields. He attributed the company's advancements in artificial intelligence and machine learning to its acquisition of Blue River Technology. Additionally, Allen commented on the trend of farms becoming larger worldwide, stating that larger farms have adopted the latest technology, and he noted that US government-subsidized crop insurance helps farmers manage risk.
“We would not limit them to just Greece; we would like to take a group like this and take them to other markets where they feel good about going. We think both sides think they can be successful because they are a very, very special management team.”
“The Blue River acquisition advanced our capabilities in artificial intelligence and machine learning. We will incorporate this into many more machines, such as sprayers and planting equipment, taking technology from vegetable farming into corn, soybeans, and other broadacre crops.”
“We are seeing hybrid with electrification. By using electrification to create power needs and keep the diesel engine running in its most fuel-efficient spot, we can achieve 20 to 30 percent fuel economy. In our construction equipment, we have a wheel loader with electric wheel motors that delivers 40 percent better fue...”
“In the US, we have crop insurance where the government helps subsidize it. This protects farmers against total crop loss and downside on commodity prices, ensuring a guaranteed minimum amount of money at the end of the year, which helps them secure credit.”
Συνεντευξη στον πρόεδρο της John Deere Samuel R. Allen.
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