Samuel Allen on agricultural policy
From Συνεντευξη στον πρόεδρο της John Deere Samuel R. Allen · · Αgronews
“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.”
On , Samuel Allen, Former Chairman & Chief Executive Officer at Deere & Company, spoke about agricultural policy during Συνεντευξη στον πρόεδρο της John Deere Samuel R. Allen on Αgronews.
About Samuel Allen
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.