Boom time for farmers can last, Deere stands to benefit, Barron’s says

After a decadelong slump, U.S. growers appear to be headed for a third consecutive year of healthy pay, Jack Hough writes in this week’s edition of Barron’s. Beyond the inflation-fighting ability of land, it isn’t difficult to see why tech titans would warm to agriculture. Artificial intelligence will one day fill city streets with robocars, but that remains a distant vision. In farm communities, planters, sprayers, and combine harvesters could run themselves by the end of the decade, the author says. Already, powerful new software can hold down pesticide, fertilizer, and seed costs while raising crop output. That’s fueling gains for the likes of Deere (DE) and AGCO (AGCO), the publication adds. Reference Link