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Strategies & Market Trends : Value Investing
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To: Grommit who wrote (74962)1/29/2024 12:23:21 PM
From: Lance Bredvold3 Recommendations

Recommended By
E_K_S
Grommit
Spekulatius

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CNHI; A few years ago they purchased one of my favorite companies for Raven's precision farming equipment division. One of three divisions and I believe they soon spun off the plastics division in Sioux Falls and Sulphur Springs TX. I presume they also discarded the balloon division which were the original focus of Raven's from 1956. Sprayer arm control was a big part of their precision division and had been developed due to experience in plastic manufacturing for balloons early on.

The farming equipment business was quite far along relative to Deere in about 2015 (just guessing) and Raven made a decision to sell some add-on equipment to Deere--that would be self steering and sprayer controls to existing equipment primarily already in the field I believe. Never heard much more about that deal but know it was a big decision whether to let Deere in on their technology which sharing they'd avoided for many years.

Raven bought a small inventor (DOT) of field equipment in Saskatuwan and helped finance a power unit which could be used on several different appliances in the field like self controlled product vehicles which would, without operator, drive out to a combine or sweet potato/legume harvester/other field equipment and haul the load back to a central location on the farm. They also had been selling controls for tractors utilizing GPS capability both with an operator on board or without one for several years. I don't think JD had the capability and that's why they bought from Raven.

At the time Deere appeared to me to be far behind. However, the fact that CNHI needed to spend so much to get Raven's capability leads me to think they were even further behind. Still, a small company like Raven did not have significant capital to keep up and JD has apparently lapped them and CNHI.

On edit; holy smokes, Spekulatius mentions Raven while I'm typing--how in the world does he have so much knowledge- I thought only I would know of Raven.
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