This Year’s Consumer Electronics Show Proves That Even Farming Can Give Us High Tech Profits

Meanwhile, Deere’s Blue River subsidiary uses AI on tractors to identify weeds and pests in the field, and spray an appropriate amount of pesticide.

This AI, along with a suite of sensors and Internet of Things connectivity, packaged in Deere’s latest X Series combines is what handed the company the 2021 CES Robotics prize.

Not only can this machine harvest 70% more wheat per hour than its predecessors, but advanced sensors allow the farmer to monitor the quality of the harvested grain in real-time, down to the kernel.

Even better, self-driving features ensure both farmer and crops will be safe while the farmer inspects the harvest.

Seeing Green

The investment in tech is really paying off for Deere and its shareholders. Since the market rebounded last March 23, the S&P 500 is up a historic 73.8%.

But Deere just absolutely crushed it, rising 177.4% – beating the benchmark by a stunning 140%.

Don’t worry, I still see plenty of upside ahead. The firm is expected to increase earnings by 52% this year.

If we cut that in half to be conservative, we’d still see a double in less than three years…

As you can see, robotics, AI, and the Internet of Things are already making inroads far beyond what gets covered by TV shows or newspapers.

And sometimes the innovators and market leaders aren’t where you’d expect them to be.

For even more proof of this, you don’t even have to look away from agriculture. There’s even a whole brand-new sector within farming that’s spreading across the country and turning into a trillion-dollar industry.

I’m talking about the cannabis industry. It’s growing fast, and going to be growing even faster as it’s legalized in more and more of the country.

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