Upstream Ag Professional - December 15th 2024

Welcome to the 72nd Edition of Upstream Ag Professional!

Index:

1. Q3 2024 Equipment Manufacturer Earnings Highlights and Analysis

2. Five Insights from John Deere's Virtual Agronomy Summit on See & Spray

   1. Agribusiness Guide: Navigating Precision Spraying Impacts on the Crop Input Market

3. Syngenta and Enko use artificial intelligence to advance safe, sustainable weed control solutions: Does AI really streamline molecule commercialization?

4. Meristem Launches new HOPPER THROTTLE™ MAXSTAX™ Soybean

5. How Business Model Innovation Changed AgTech in 2024

6. Transatlantic Business Insights: Exploring Key Business-related Differences between the U.S. and Europe

7. Nufarm announces a new joint development agreement with bp on biomass oil technology for future bioenergy applications

8. Upstream Ag Professional Search Functionality Access

9. Against Decorative Statistics

10. Other Interesting Ag Articles (9 this week)

Scheduling Note: Next week will be the 51st edition and final of 2024, with the first edition of 2025 scheduled to come out January 12th.

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1. Equipment Manufacturer Q3 2024 Highlights and Analysis - Upstream Ag Professional

This week I am breaking down key takeaways from the equipment manufacturers Q3 results and earnings calls, including the sharing of:

• Upstream Ag Professional Q3 2024 Financial Snapshot

• Overviews of topical areas:

  • Inventory and Production Cuts

  • Outlook for 2025

  • Technology Insights

• Highlights and key takeaways from seven equipment manufacturers earnings results.

  • CNH Industrial

  • Titan

  • John Deere

  • AGCO

  • Lindsay

  • Valmont

  • AGI

• Five financial comparison trend charts of major equipment manufacturers including:

  • Revenue

  • Operating Margin %

  • SG&A to Revenue Ratio

  • R&D Expenditure

  • Inventory

Technology Highlights

Unrelated to precision technology specifically, but good color from CNH Industrial CEO Gerrit Marx on new product launches in down cycles:

If there's something good about a market that is slow is, when you launch a product, you don't want to launch a product into a high-volume market, when the market is high. Because if that happens, you need to go very quickly, very fast to high volumes and that might stress a little your supply base that might stress a little bit your industrial machine too much. And again, I don't like cycle downturns, but if there's something good about it, it's the right time to launch products, very thoughtfully and very carefully as a coordinated effort across the entire company.

AGCO commentary on PTx Sales being lower than expected:

Although sales and margins for PTx Trimble have been lower than we expected this year, given the rapid decline in our industry, we are energized to continue integrating, innovating, and growing the PTx portfolio of products and services.