Global Precision Agriculture Market Analysis, 2023-2033: Efficiency, Yields, Cost Reduction, Sustainability All to Benefit with Growing Adoption [Yahoo! Finance]
AGCO Corporation (AGCO)
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Source: Yahoo! Finance
The precision agriculture market was valued at $9,591.8 million in 2023, and it is expected to grow at a CAGR of 15.71% and reach $41,265.0 million by 2033. The precision agriculture market anticipates growth fueled by a rising labor shortage in developed nations and a growing demand for input optimization. This trend reflects the industry's response to labor challenges and the heightened focus on efficient resource management. Key players in the global precision agriculture market analysed and profiled in the study involve hardware systems and software manufacturers that are engaged in providing advanced precision agriculture solutions to farmers and other agriculture service companies. Moreover, a detailed competitive benchmarking of the players operating in the global precision agriculture market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partner
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- AGCO Co. (NYSE: AGCO) had its price target lowered by analysts at JPMorgan Chase & Co. from $150.00 to $135.00. They now have an "overweight" rating on the stock.MarketBeat
- AGCO Corporation (NYSE:AGCO) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- GPS navigation maker Trimble forecasts downbeat quarterly results [Reuters]Reuters
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