Top 20 AI and Robotics Companies Transforming the Agriculture Sector

Published on September 11, 2023 at 6:08 am by Afifa Mushtaque in Business, Industries, Lists, News

In this article, we will look at the top 20 AI and robotics companies transforming the agriculture sector. If you want to skip our detailed industry analysis, head straight to the Top 5 AI and Robotics Companies Transforming the Agriculture Sector.

The global agriculture market, as of 2023, has witnessed huge growth, with a market size increasing from $12.25 trillion in 2022 to $13.40 trillion in 2023 and marked a 9.4% compound annual growth rate (CAGR), as noted by Research and Markets. This expansion can be attributed to several factors, like the increasing global population, which is projected to reach 10 billion by 2050 and has led a to heightened food demand. Crop production, a major component of agriculture, has seen considerable growth, with global cereal production expected to increase by 13% by 2027.

Agribusiness companies are also actively acquiring arable land to boost crop production and meet the rising demands. It is also worth highlighting that owing to the rising demand of labor in agriculture, farming has emerged as one of the most respected professions in the world.

How Is Artificial Intelligence Transforming the Agriculture Industry?

We have already established many industries are being revolutionzed by AI and automation technologies and hence, agriculture industry is no exception. It is also worth mentioning that Agricultural Robots, Predictive Analytics, and, Crop and Soil Monitoring are the three most popular applications of AI in agriculture.

Smart farming, powered by IoT technology, is revolutionizing agriculture by leveraging sensors, gateways, and data analysis to optimize crop management. These sensors capture essential data from fields, which is then stored and analyzed on cloud platforms. This enables farmers to access real-time insights through user-friendly dashboards, facilitating more efficient and informed decision-making. To read more about Iot, check out our article on Biggest Internet of Things Companies in the World.

Microsoft Corp (NASDAQ:MSFT), one the key artificial intelligence companies in USA, is actively contributing to the transformative trend of smart farming through its Azure Data Manager for Agriculture. This innovative solution by Microsoft Corp (NASDAQ:MSFT) addresses critical challenges in the agriculture industry by harnessing data and technology.

Azure Data Manager for Agriculture connects data sources across farms, breaking down data silos and provides valuable insights into soil health, weather patterns, waste tracking, and carbon sequestration. Hence, Microsoft Corp (NASDAQ:MSFT) is undoubtedly one of the top AI companies transforming the agriculture sector.

Microsoft Corp (NASDAQ:MSFT)’s collaboration with industry leaders like Bayer and Land O’Lakes demonstrates the practical application of this technology. For example, Bayer utilizes Azure Data Manager to offer insights to farmers through its FieldView platform, enhancing yield predictions and crop health monitoring. Land O’Lakes uses the tool to empower farmers to adopt sustainable practices through its Truterra sustainability tool, which tracks environmental impacts.

Similarly, International Business Machines Corp (NYSE:IBM)’s Environmental Intelligence Suite has revolutionized agriculture with AI-driven solutions. It provides real-time weather data and machine learning-powered forecasting for precise crop management, supply chain optimization, and market demand predictions. This empowers agribusinesses to navigate the challenges of climate change and food security by making informed decisions.

This suite by International Business Machines Corp (NYSE:IBM) offers hyper-local weather data for customized farming applications, helping with planting, feeding, spraying, and irrigation scheduling. A number of case studies have proven its impact, from reducing power outages in India to enhancing water usage insights for Texan farmers. International Business Machines Corp (NYSE:IBM)’s suite equips the agriculture industry with the tools to thrive in the digital age.

On the other hand, precision agriculture is becoming increasingly vital in modern farming, as it offers huge benefits and is on the rise despite its high associated costs. With technological developments, farmers can now measure and manage specific segments of their fields in real-time that results in improved efficiency. For instance, farmers like Bret Johnson have reported huge gains in yield and resource management through precision agriculture, with the ability to reduce nitrogen usage from the average of 1.2 pounds per bushel to as little as half a pound per bushel.

Moreover, precision agriculture tools can identify and address plant and insect diseases that improve the overall crop health. However, widespread adoption of the technology faces hurdles due to substantial initial investments, such as tens of thousands of dollars for tools like yield monitors, guidance systems, and drones, along with ongoing subscription fees and training costs. Nonetheless, for early adopters, precision agriculture is indispensable for risk mitigation and improved farm management.

Deere & Co (NYSE:DE) is spearheading a revolution in precision farming by harnessing advanced technologies to optimize agricultural practices. Through the integration of space technology, artificial intelligence (AI), and data analytics, Deere & Co (NYSE:DE) is providing farmers with invaluable insights. They utilize satellite imagery to monitor crops more effectively, pinpointing variations in soil moisture, nutrient levels, and plant health with precision. This data-driven approach minimizes resource wastage and maximizes yields, ultimately benefitting both farmers and the environment.

Furthermore, Deere & Co (NYSE:DE) has invested in electric tractors that boast low maintenance costs, a testament to their commitment to sustainability. These tractors are powered by batteries and reduce emissions and operating costs for farmers. Additionally, Deere & Co (NYSE:DE)’s foray into AI and machine learning helps farmers make informed decisions.

The pinnacle of their innovation is the fully autonomous tractor, a result of 20 years of AI development, which ensures tasks are completed efficiently and to a high standard. Through these technologies, Deere & Co (NYSE:DE) is not only improving farming productivity but also reducing the environmental footprint of agriculture.

Kletr/Shutterstock.com

Our Methodology

To list the top AI and robotics companies transforming the agriculture sector, we have included companies that have been actively involved in contributing innovative solutions for agriculture with the help of automation and AI. We have ranked the companies in order of number of employees, as the list is presented in ascending order. The workforce here has been taken as a proxy for companies’ scale. For privately held companies, the number of employees has been estimated using data from their official LinkedIn profiles.

Here is a list of the Top 20 AI and Robotics Companies Transforming the Agriculture Sector.

20. Harvest CROO Robotics, LLC

Number of Employees: (est) 50

Harvest CROO Robotics is revolutionizing agriculture with its autonomous strawberry harvesting technology. They utilize LIDAR, AI, and machine learning that enables precise, efficient, and safe berry picking. The technology not only reduces labor dependency and increases yield but is also potentially setting a new standard in fruit harvesting practices.

19. AgEagle Aerial Systems, Inc (NYSE:UAVS)

Number of Employees: (est) 150

AgEagle Aerial Systems, Inc (NYSE:UAVS) contributes to the agriculture sector by offering drone-based data solutions that enable farmers and professionals to improve crop management, reduce input costs, and increase yields through precise insights and monitoring. It is one of the top AI and robotics companies transforming the agriculture sector.

18. Blue River Technology Inc

Number of Employees: (est) 180

Blue River Technology is bringing a revolution in the sector by introducing intelligent machinery in agriculture and combining computer vision and machine learning to optimize crop management and sustainable solutions. They develop software, robotics, and precision weed control technology to address herbicide resistance and improve farming practices, all while prioritizing environmental and economic sustainability.

17. Clearpath Inc

Number of Employees: (est) 250

Clearpath Inc. was founded in 2009. Clearpath robotics plays a pertinent role in the manufacturing of farming equipment. It is headquartered in Kitchener, Ontario, and focuses mainly on streamlining field robotics research for a number of universities. It is one of the most innovative robotics companies for agriculture.

16. Cropin

Number of employees: (est) 350

Cropin is an Indian-based AgTech company that has digitalized 26 million acres of farmland as of 2022. Among many things, the company develops deep learning models that aid in crop stage identification, crop pathology predictions and yield estimates.

15. Plenty

Number of employees: (est) 350

Plenty, a vertical farming company, utilizes AI and robotics to revolutionize agriculture by managing environmental variables such as water, light, and temperature to optimize crop growth. This technology enables them to produce substantially more food per acre while using 99% less land and 95% less water compared to traditional farming methods.

14. Benson Hill Inc (NYSE:BHIL)

Number of Employees: 450

Benson Hill Inc (NYSE:BHIL) employs AI-driven technology called Cloud Biology and CropOS to enhance plant science and breeding processes. Hence, Benson Hill Inc (NYSE:BHIL) enables precise and efficient plant breeding that reduces costs and environmental impact while optimizing crop traits for improved nutrition, taste, and sustainability from seed to ingredient production.

13. Bowery Farming

Number of employees: (est) 750

Bowery Farming employs AI, automation, sensors, and robotics, including their proprietary system BoweryOS, to monitor and analyze crops in real-time. This enables precise, pesticide-free cultivation in vertical farms across multiple locations, serving major retailers like Walmart Inc (NYSE:WMT) and Whole Foods to improve local and fresh produce supply.

12. Raven Industries, Inc (NASDAQ:RAVN)

Number of Employees: 1,251

Raven Industries, Inc (NASDAQ:RAVN) is known for improving agriculture through autonomous and automated precision technology solutions. Raven Industries Inc (NASDAQ:RAVN)’s products simplify farming tasks, increase efficiency, and improve profitability. These innovations include autonomous farming, connectivity, guidance systems, application controls, displays, and operator performance.

11. Trimble, Inc (NASDAQ:TRMB)

Number of Employees: 11,931

Trimble Inc (NASDAQ:TRMB) utilizes AI and precision technology for farming and agriculture through a range of solutions. These include guidance displays, controllers, and receivers that calculate equipment positions, steering systems for precise equipment control, flow and application control systems for accurate input application, and water management solutions. Trimble Inc (NASDAQ:TRMB) is one of the top precision agriculture companies.

10. Corteva, Inc. (NYSE:CTVA)

Number of employees: 21,000

Corteva Inc (NYSE:CTVA)’s agri uses AI in its digital tools to provide farmers with actionable data and agronomic insights. AI aids in data analytics and predictive agriculture tools and thus, enables more informed decisions for improved crop performance, sustainability, and profitability. Corteva Inc (NYSE:CTVA) is one of the top agribusiness companies in the world by revenue.

9. AGCO Corporation (NYSE:AGCO)

Number of Employees: 23,000

AGCO Corporation (NYSE:AGCO) is a prominent agricultural machinery manufacturer in the US. AGCO Corporation (NYSE:AGCO) specializes in the design, production, and distribution of various farming equipment like tractors, combines, foragers, hay tools, self-propelled sprayers, smart farming technologies, seeding machinery, and tillage equipment.

8. Syngenta

Number of Employees: 30,000

Syngenta is a Swiss-based ag-tech company focused on sustainable agriculture. They innovate in crop protection and seed development with a vision to provide safe and nutritious food. Syngenta has recently collaborated with Insilico Medicine to leverage AI and deep learning for discovering new, eco-friendly molecules in agriculture. It is one of the top ai and robotics companies transforming the agriculture sector.

7. CNH Industrial N.V. (NYSE:CNHI)

Number of Employees: 40,070

CNH Industrial is integrating AI and robotics into agriculture through its investment in Stout Industrial Technology. Stout’s AI-powered smart implements, like the Smart Cultivator, use cameras and proprietary vision technology to identify crops and weeds that enable simultaneous cultivation and weed removal without chemicals. This technology enhances efficiency and sustainability in farming practices.

6. Archer-Daniels-Midland Co (NYSE:ADM)

Number of employees: 42,001

Archer-Daniels-Midland Co (NYSE: ADM) has recently collaborated with Brightseed to develop synbiotic products using artificial intelligence (AI) to explore the interactions between dietary plants, gut microbes, and human health. Their goal is to create science-backed solutions that improve microbiome health and produce functional ingredients by 2025.

Click here to see the Top 5 AI and Robotics Companies Transforming the Agriculture Sector.

AI Fire Sale: Insider Monkey’s #1 AI Stock Pick Is On A Steep Discount

Published on May 1, 2024 at by Inan Dogan, PhD

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

The whispers are turning into roars.

Artificial intelligence isn’t science fiction anymore.

It’s the revolution reshaping every industry on the planet.

From driverless cars to medical breakthroughs, AI is on the cusp of a global explosion, and savvy investors stand to reap the rewards.

Here’s why this is the prime moment to jump on the AI bandwagon:

Exponential Growth on the Horizon: Forget linear growth – AI is poised for a hockey stick trajectory.

Imagine every sector, from healthcare to finance, infused with superhuman intelligence.

We’re talking disease prediction, hyper-personalized marketing, and automated logistics that streamline everything.

This isn’t a maybe – it’s an inevitability.

Early investors will be the ones positioned to ride the wave of this technological tsunami.

Ground Floor Opportunity: Remember the early days of the internet?

Those who saw the potential of tech giants back then are sitting pretty today.

AI is at a similar inflection point.

We’re not talking about established players – we’re talking about nimble startups with groundbreaking ideas and the potential to become the next Google or Amazon.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 10,000% Return: This AI Stock is a Diamond in the Rough (But Our Help is Key!)

The AI revolution is upon us, and savvy investors stand to make a fortune.

But with so many choices, how do you find the hidden gem – the company poised for explosive growth?

That’s where our expertise comes in.

We’ve got the answer, but there’s a twist…

Imagine an AI company so groundbreaking, so far ahead of the curve, that even if its stock price quadrupled today, it would still be considered ridiculously cheap.

That’s the potential you’re looking at. This isn’t just about a decent return – we’re talking about a 10,000% gain over the next decade!

Our research team has identified a hidden gem – an AI company with cutting-edge technology, massive potential, and a current stock price that screams opportunity.

This company boasts the most advanced technology in the AI sector, putting them leagues ahead of competitors.

It’s like having a race car on a go-kart track.

They have a strong possibility of cornering entire markets, becoming the undisputed leader in their field.

Here’s the catch (it’s a good one): To uncover this sleeping giant, you’ll need our exclusive intel.

We want to make sure none of our valued readers miss out on this groundbreaking opportunity!

That’s why we’re slashing the price of our Premium Readership Newsletter by a whopping 75%.

For a ridiculously low price of just $24, you can unlock a year’s worth of in-depth investment research and exclusive insights – that’s less than a single restaurant meal!

Here’s why this is a deal you can’t afford to pass up:

The Name of the Game-Changing AI Stock: Our in-depth report dives deep into our #1 AI stock’s groundbreaking technology and massive growth potential.
Ad-Free Browsing: Enjoy a year of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.
Lifetime Money-Back Guarantee: If you’re not absolutely satisfied with our service, we’ll provide a full refund ANYTIME, no questions asked.

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

Head over to our website and subscribe to our Premium Readership Newsletter for just $24.
Enjoy a year of ad-free browsing, exclusive access to our in-depth report on the revolutionary AI company, and the upcoming issues of our Premium Readership Newsletter over the next 12 months.
Sit back, relax, and know that you’re backed by our ironclad lifetime money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

Subscribe Now!

A New Dawn is Coming to U.S. Stocks

Published on May 2, 2024 at by Insider Monkey Staff

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…

Insider Monkey Ads

Markets

Insider Trading

Hedge Funds

Retirement

Opinion

Log In

Sign Up