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The interest rate on her operating note doubled this year and will be higher in 2023. Now, his interest rate is 7.35%, and he expects it could reach 8% by year’s end – a 142% increase in eight months. "It's easier to get financing when interest rates are cheap because [banks] are willing to take more risk," said a CNH Industrial dealer representative, who declined to be named. In separate statements, Deere and AGCO said interest rates they offer depend on loan terms, borrower creditworthiness and equipment type. CNH Industrial said interest rates for larger equipment are lower than rates for smaller machinery.
Even before the coronavirus pandemic hit in 2020, the agriculture industry was dealing with a number of headwinds, from hurricanes and poor planning disrupting crop growth cycles to the impact of retaliatory tariffs slashing exports. These issues have highlighted an immense need for investment in agriculture and specifically technology to improve the efficiency of the industry. Last year, Deere also purchased Bear Flag Robotics, a Silicon Valley agriculture technology startup that develops autonomous farm equipment, for $250 million. AGCO , an agricultural machinery manufacturer, has also made several investments or acquisitions in the last few years in new technology in the space. The agriculture company in September bought Symborg, a Spanish microbiological technologies firm that makes biostimulants and biofertilizers for many kinds of crops and agriculture systems that boost results.
You may have thought Google Glass was dead, but the search giant has quietly resurrected its once-controversial smart glasses. The new Google Glass Enterprise Edition is designed with factory workers in mind. The new Google Glass Enterprise Edition has a removable "Glass Pod" which can be used with safety glasses. Related storiesThe new version of Google Glass has several improvements over the original Explorer Edition, which Google made available to consumers in 2013. Google has worked with developers to make enterprise software for the previous version of the glasses through the Glass at Work program.
Persons: Glass, Steven Levy, Levy, it’s Organizations: GE, Boeing, DHL, Volkswagen, Google, Business, Enterprise Locations: Jackson , Minnesota
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