Deere aims for autonomous crop harvests by 2030: CES 2024

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Autonomous driving functions aren't exclusive to just the automotive industry. Farm equipment manufacturer Deere & Company (DE) showcased its operation platform for inputting commands to driverless tractors CES 2024 (Consumer Electronics Show).

John Deere CFO Josh Jepsen joins Yahoo Finance's Akiko Fujita on the floor of CES to demonstrate its driverless machinery to aid aging farmers and reach autonomous crop production goals by 2030.

"There aren't more people necessarily moving into agriculture, which means our machines are going to have to do more and the ability to automate and move to autonomous is a huge unlock for our customers," Jepsen explains. "We feel like we're really well-positioned to do that given how we do all the jobs our customers do on the farm and our ability to manage all of that in a digital platform that makes this all very seamless."

Click here to see more of Yahoo Finance's CES coverage from this week, or you watch this full episode of Yahoo Finance Live here.

Editor's note: This article was written by Luke Carberry Mogan.

Video Transcript

[AUDIO LOGO]

AKIKO FUJITA: I'm Akiko Fujita, here in Las Vegas at CES 2024, where I'm inside the John Deere booth, joined by Josh Jepsen. He is the CFO of the company. We're talking about automated tractors. Not the first thing you think about with John Deere, but certainly, this is a company that's undergone incredible transition, especially with your tech investments.

JOSH JEPSEN: Yeah, it's significant opportunity for us to help our farmers do more with less and make their lives easier. There's a lot of challenges around having the access to skilled labor, and also just being able to execute jobs when they need to get them done. So in this example, an autonomous tractor doing tillage work, does just that.

AKIKO FUJITA: OK, so let's set things up here, because we've got an iPhone here, right? We're going to try to operate a tractor that is out in Austin, Texas. We're looking up here, because the monitors are there. How do we get started? This is an app, by the way, that every farmer uses, correct?

JOSH JEPSEN: Yeah. So this is a John Deere operations center.

AKIKO FUJITA: OK.

JOSH JEPSEN: It's really the digital platform for all of their ag information as it relates to machine health, agronomy, and the like. But you can control our autonomous tractor here. So we can see it, where it's running, you can see stats about it. But if you just push pause, it's running right now.

AKIKO FUJITA: OK. Can I go ahead and do that?

JOSH JEPSEN: Yeah. And we watch here. So we see it stopped.