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Thursday, August 29, 2013

Tractors are getting smarter all the time - Aug. 29, 2013

Among the greatest blessings of rising global prosperity is better nutrition for billions of people, but with a catch: the challenge of sustainably producing the extra food that increasing numbers can finally afford. It's a giant opportunity for the world's largest manufacturer of agricultural equipment, Deere (DEFortune 500). To grab it, CEO Sam Allen, 60, travels often to Brazil, China, India, Russia, and other populous, growing countries. A Purdue grad who joined Deere in 1975, he became chief executive in 2009. The stock has about doubled since then, beating the S&P (SPX). Allen spoke recently with Geoff Colvin about why Deere prefers that tractor drivers keep their hands off the steering wheel, about grooming young talent, and much else. 


Tractors are getting smarter all the time - Aug. 29, 2013

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