CNH expands high-tech harvesting stake with investment in Advanced
Farm Technologies
Basildon, October 3, 2023
CNH continues to support the acceleration of
smart harvesting technologies with a minority investment in the
California-based start-up Advanced Farm Technologies, which
specializes in the robotic harvesting of apples, strawberries and
other fruits. The two businesses will partner to drive industry and
ecosystem innovation by collaborating across R&D and
commercialization.
Shifting to robotic picking has
great potential to significantly improve fruit farmers’
productivity by harvesting high value crops up to five times more
efficiently. In the United States, 46% of the production cost of
apples comes from handpicking labor, 70% in the case of
strawberries. These high labor costs are exacerbated by a continued
downward trend in handpicking workforce
availability.
Advanced Farm
Technologies’
system uses computer vision and a machine learning
tech stack to pick the best fruit, either during the day or at
night, while gently handling it to avoid bruising and damage. Their
system’s robotic arms with gentle grippers, a serial-hybrid drive
system, autonomous navigation and automated bin handling are among
the key features. This automated platform eliminates the need to
carry a ladder from tree to tree – vastly reducing the strain of a
repetitive and arduous task.
CNH is in a technology growth mode, committed to
customer-inspired innovation. This latest investment is part of our
broader strategy to bring cutting-edge solutions to our portfolio.
We are especially focused on automated, autonomous, and sustainable
farming innovations that solve important and complex challenges for
our customers.
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that the Company is unable to predict) or other assumptions
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actual results or developments may differ materially from any
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forward-looking statements. Factors, risks and uncertainties that
could cause actual results to differ materially from those
contemplated by the forward-looking statements include, among
others: economic conditions in each of our markets, including the
significant uncertainty caused by the war in the Ukraine; the
duration and economic, operational and financial impacts of the
global COVID-19 pandemic; production and supply chain disruptions,
including industry capacity constraints, material availability, and
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the foregoing.
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assumptions relating to the factors described in this press
release, which are sometimes based upon estimates and data received
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Actual results may differ materially from the forward-looking
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of which are outside CNH Industrial’s control. CNH Industrial
expressly disclaims any intention or obligation to provide, update
or revise any forward-looking statements in this announcement to
reflect any change in expectations or any change in events,
conditions or circumstances on which these forward-looking
statements are based. Further information concerning CNH
Industrial, including factors that potentially could materially
affect CNH Industrial’s financial results, is included in CNH
Industrial’s reports and filings with the U.S. Securities and
Exchange Commission (“SEC”), the Autoriteit Financiële Markten
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(“CONSOB”).
All future written and oral forward-looking
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Industrial are expressly qualified in their entirety by the
cautionary statements contained herein or referred to above.
CNH Industrial (NYSE: CNHI /
MI: CNHI) is a world-class equipment and services company. Driven
by its purpose of Breaking New Ground, which centers on Innovation,
Sustainability and Productivity, the Company provides the strategic
direction, R&D capabilities, and investments that enable the
success of its global and regional Brands. Globally, Case
IH and New Holland Agriculture supply
360° agriculture applications from machines to implements and the
digital technologies that enhance them; and CASE
and New Holland Construction Equipment deliver a
full lineup of construction products that make the industry more
productive. The Company’s regionally focused Brands include:
STEYR, for agricultural tractors;
Raven, a leader in digital agriculture, precision
technology and the development of autonomous systems;
Flexi-Coil, specializing in tillage and seeding
systems; Miller, manufacturing application
equipment; Kongskilde, providing tillage, seeding
and hay & forage implements; and Eurocomach,
producing a wide range of mini and midi excavators for the
construction sector, including electric solutions.
Across a history spanning over two centuries,
CNH Industrial has always been a pioneer in its sectors and
continues to passionately innovate and drive customer efficiency
and success. As a truly global company, CNH Industrial’s 40,000+
employees form part of a diverse and inclusive workplace, focused
on empowering customers to grow, and build, a better world.
For more information and the latest financial
and sustainability reports visit: cnhindustrial.com
For news from CNH Industrial and its Brands
visit: media.cnhindustrial.com
Media contacts:
Rebecca Fabian |
Alex Ellis |
North America |
United Kingdom |
Tel. +1 312 515 2249 |
Tel. +44 (0)758 106 1696 |
mediarelations@cnhind.com
- 20231003_PR_CNH_Advanced_Farm
- Robotic Apple Picking
- Robotic apple harvester
- Robotic strawberry harvesters
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