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