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An attendee climbs into an autonomous tractor at John Deere’s booth during CES on Jan. 7, 2025 (Ian Maule/AFP via Getty Images)

John Deere wants self-driving tractors to help with America’s farmhand shortage

The 188-year-old agriculture giant is doubling down on its autonomous range.

1/8/25 7:17AM

Oh, Deere

The largest farming-equipment manufacturer in the world, John Deere, unveiled a new crop of autonomous tractors and trucks at CES 2025 earlier this week, as the heavy-machinery giant looks to capitalize on the buzz around all things self-driving.

If your immediate thought is that this sounds like a job killer... it is. John Deere has talked up its machines’ capabilities for precisely that purpose: to help alleviate some of the labor-shortage issues that farming faces, with the company’s chief technology officer, Jahmy Hindman, saying that “there is not enough available and skilled labor” to do the kind of agricultural and construction work that its customers do.

Though John Deere introduced its first fully autonomous tractor three years ago, the latest suite — which includes a couple of tractors, a lawnmower for commercial landscaping, and a driverless dump truck — comes plowing into a world where attitudes toward self-driving vehicles have softened.

Whether John Deere’s goal for fully autonomous farming by 2030 — outlined in a September blog post from Nvidia (we know: AI royalty Nvidia proudly touting its collaboration with a lowly multibillion-dollar minnow like JD rather than the other way around? Who’d have thought it?) — comes to fruition or not, the company will hope the new fleet reinvigorates sales after a slightly fallow year.

John Deere Revenue
Sherwood News

In 2023, John Deere’s total revenues rose to a record $61.3 billion, but sales slumped some 16% in the last fiscal year as farmers tightened their purse strings and invested less into Deere-branded machinery and equipment, which accounts for as much as ~87% of the company’s revenue. Clearly, fewer farmers up and down the country fancied dropping thousands, or indeed millions, of dollars on new machines last year, with the company’s most expensive tractor, the 9RX 830, listing for $1.228 million.

Interestingly, the company aims to make 10% of its annual revenue from software subscriptions by 2030 — quite the shift for a business that’s still almost exclusively known for making things that chop, plow, mow, move, and spray.

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Fox and News Corp slide as investors digest $3.3 billion Murdoch succession settlement

Fox and News Corp shares dropped on Tuesday after Rupert Murdoch’s heirs agreed to a $3.3 billion settlement to resolve a long-running succession drama.

Under the deal, Prudence, Elisabeth, and James Murdoch will each receive about $1.1 billion, paid for in part by Fox selling 16.9 million Class B voting shares and News Corp selling 14.2 million shares. The stock sales will raise roughly $1.37 billion on behalf of the three heirs.

The new trust for Lachlan Murdoch will now control about 36.2% of Fox’s Class B shares and roughly 33.1% of News Corp’s stock, granting him uncontested voting authority over both companies for the next 25 years. Originally, the Murdoch trust was designed to hand over voting control of Fox and News Corp to Prudence, Elisabeth, Lachlan, and James after his death.

Investors are weighing the trade-off. Clear leadership under Lachlan may resolve conflict internally, but the share dilution, executed at a roughly 4.5% discount, means long-term investors now hold slightly less clout than before.

Both companies’ stocks were trading close to all-time highs prior to the announcement.

385 ✈️ 434

Boeing on Tuesday announced that it delivered 57 commercial jets in August, its best total for the month in seven years. That brings its year-to-date delivery total to 385 planes, eclipsing its full-year 2024 figure by about 11%.

The August figure marked Boeing’s second-highest delivery total of 2025 and represented a 43% jump from the same month last year. Through August, Boeing has boosted its deliveries by 50% from last year.

The plane maker is still trailing its European rival Airbus, which delivered 61 planes in August and 434 year to date.

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