Top 10 AI in Agriculture Companies | Growth in Agritech

Tajammul Pangarkar
Tajammul Pangarkar

Updated · Feb 6, 2024

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AI in Agriculture Market Overview

AI in Agriculture is reshaping the agricultural landscape by introducing precision farming, disease identification, automated machinery, predictive analysis, and livestock oversight. This innovation streamlines resource utilization, boosts crop production, advocates sustainability, trims expenses, and facilitates data-informed choices.

Although hurdles such as upfront expenses and data privacy are present, AI’s capacity to revolutionize agriculture for enhanced efficiency and profitability remains indisputable.

Market Drivers

The worldwide embrace of Artificial Intelligence (AI) in agriculture is powered by various key factors. These encompass the growing call for precise farming methods, the wealth of agricultural data, the necessity for sustainable farming, labor scarcities, and heightened food production.

The high demands are due to population growth, continuous technological progress, government backing, climate change adaptation needs, crop oversight, disease management, and the competitive agricultural market. These combined elements propel the expansion and integration of AI in agriculture, shaping it as a promising field for innovation and advancement.

Market Size

The worldwide Artificial Intelligence (AI) in Agriculture Market is projected to reach approximately USD 10.2 billion by 2032, marking a substantial increase from its 2022 value of USD 1.2 billion. This growth is anticipated at a robust CAGR of 24.5% during the forecast period spanning from 2022 to 2032.

List of Major Companies

 These are the top ten companies operating in Artificial Intelligence (AI) in Agriculture Market:

Deere-n-Company

Company Overview

Establishment Year1837
HeadquarterMoline, Illinois, U.S.
Key ManagementJohn C. May (Chairman, CEO & President)
Revenue (US$ Bn)$ 52.5 Billion (2022)
Headcount~ 82,200 (2022)
Websitehttp://deere.com/

About John Deere

John Deere, a leading name in agriculture and construction equipment, has harnessed Artificial Intelligence (AI) to transform farming. Their precision agriculture solutions employ AI and data analysis to provide farmers with insights for better crop management, resource allocation, and machinery utilization.

Using its digital ecosystem and Operation Center platform, John Deere links farmers, equipment, and data for real-time monitoring and informed decision-making. Their commitment to sustainability is evident as AI minimizes resource waste and supports eco-friendly farming. With acquisitions like Blue River Technology and a history of innovation, John Deere leads the way in AI integration, shaping the future of agriculture.

Geographical Presence

John Deere, a global leader in agriculture and construction equipment, has a strong presence across diverse regions worldwide. It serves North America, including the United States and Canada, as a trusted provider of farming and construction solutions. In Europe, spanning from the United Kingdom to Germany and France, John Deere caters to a wide range of agricultural needs with specialized machinery.

In the Asia-Pacific region, especially in countries like China and India, the company addresses the pivotal role of agriculture in local economies. Latin American countries such as Brazil and Argentina also benefit from John Deere’s agricultural expertise. Additionally, the company is expanding in Africa and the Middle East, adapting to the unique demands of farmers and construction professionals in these areas.

Recent Developments

  • In January 2024, Deere & Company partnered with SpaceX to offer advanced satellite communications (SATCOM) services to farmers. Using the top-tier Starlink network, this solution enables farmers in remote areas to maximize the benefits of precision agriculture technology by addressing connectivity issues.
  • In December 2023, in recognition of the industry’s numerous challenges, John Deere Construction & Forestry contributed $300,000 to the AED Foundation (AEDF) to support the development of future construction professionals.

IBM

Company Overview

Establishment Year1911
HeadquarterArmonk, New York, United States
Key ManagementArvind Krishna (Chairman & CEO)
Revenue (US$ Bn)$ 60.5 B (2022)
Headcount~ 288,300 (2022)
Websitehttps://www.ibm.com/

About IBM Corporation

IBM Corporation is a global technology leader making significant strides in the application of Artificial Intelligence (AI) in Agriculture. Their Watson Decision Platform for Agriculture offers farmers data-driven insights, leveraging AI, IoT, and satellite imagery to optimize crop management and resource utilization. IBM’s AI solutions also focus on crop monitoring, disease prediction, and weather forecasting.

They champion transparency through blockchain technology in the agricultural supply chain and collaborate with industry partners to address sector-specific challenges. IBM’s commitment to sustainability underscores its contribution to environmentally friendly farming practices.

Geographical Presence

IBM Corporation, a global technology leader, maintains a wide-reaching geographical presence with operations spanning North America, Europe, Asia-Pacific, Latin America, Africa, and the Middle East. In North America, it serves as a prominent player in the technology sector, while Europe benefits from its extensive offices and services.

In the Asia-Pacific region, including India, China, and Japan, IBM addresses the burgeoning demand for technology solutions. Latin America, Africa, and the Middle East all benefit from IBM’s technological expertise, contributing to digital progress in these regions.

Recent Developments

  • In July 2021, IBM and Heifer partnered to employ IBM Food Trust, a blockchain-based platform, and IBM Watson, an AI system. Their objective is to aid small coffee and cocoa farmers in Honduras, enhancing crop yields and facilitating entry into new markets.
  • In January 2020, Yara International and IBM extended invitations to farmer associations, industry stakeholders, academia, and NGOs in the food and agriculture sector to participate in creating an open data exchange. The purpose is to foster collaboration regarding farm and field data and to enhance the efficiency, transparency, and sustainability of worldwide food production.

Raven

Company Overview

Establishment Year1956
HeadquarterSioux Falls, South Dakota, US
Key ManagementDaniel A. Rykhus (President & CEO)
Revenue (US$ Bn)$ 348.4 Million (2023)
Headcount~ 1,290 (2023)
Websitehttp://ravenind.com/

About Raven Industries

Raven Industries Inc. is a leading name in agriculture, renowned for its innovative use of Artificial Intelligence (AI). They specialize in AI-driven solutions that empower farmers to optimize their operations. Their offerings include precision agriculture solutions, automated machinery with AI capabilities, data analytics for crop health and resource optimization, and connected technologies for real-time monitoring.

Raven Industries also places a strong emphasis on sustainability and collaborates with industry partners to continually innovate in the field of AI in Agriculture. Their commitment to efficiency and environmental responsibility makes them a key player in advancing AI’s role in agriculture.

Geographical Presence

Raven Industries Inc. has a notable geographical presence that allows the company to serve agricultural and industrial markets across various regions. While the company primarily operates in North America, particularly the United States, it also has a global reach through its subsidiaries and distribution networks.

Raven Industries’ geographical presence spans regions such as Europe, Asia-Pacific, Latin America, and Africa, where its innovative technologies and solutions cater to the specific needs of customers in agriculture, aerospace, and other industries.

Recent Development

  • In March 2023, Raven Industries, after being acquired by CNH Industrial, its parent company, unveiled the integration of Augmenta. This integration brings an enhancement to the company’s automated technologies, introducing Sense & Act capabilities for diverse variable rate crop spraying applications.
  • In March 2022, Raven Industries revealed plans to expand its facilities to expedite the development of its top-tier agricultural technology and accommodate the company’s swift growth as it pioneers innovative customer solutions.

Trimble

Company Overview

Establishment Year1978
HeadquarterWestminster, Colorado, U.S.
Key ManagementRobert Painter (CEO)
Revenue (US$ Bn)$3.6 Billion (2021)
Headcount~ 11,931 (2021)
Websitehttps://www.trimble.com/

About Trimble

Trimble Inc. is a leader in applying AI in Agriculture, specializing in precision agriculture solutions. They use AI and data analytics to empower farmers with insights for better crop management, resource allocation, and machinery usage.

Their farm management software, IoT-equipped machinery, machine learning, and connected farming solutions enable data-driven decisions, boosting productivity and cutting costs. Trimble’s dedication to sustainability through AI-driven resource optimization promotes eco-friendly farming practices. Their partnerships and collaborations foster ongoing innovation in AI for Agriculture, tackling industry challenges.

Geographical Presence

Trimble Inc. has established a significant global presence, enabling it to serve a wide array of industries across the world. With headquarters in Colorado, USA, Trimble extends its services to North America, including the United States, Canada, and Mexico. In Europe, it operates extensively with a strong presence in countries like the United Kingdom, Germany, and France.

The company’s footprint in the Asia-Pacific region covers nations such as China, India, and Australia. Latin American countries, including Brazil and Argentina, also benefit from Trimble’s technology solutions, as do several African and Middle Eastern nations.

Recent Development

  • In November 2023, Trimble introduced the Trimble Ag Software–Data user license, which provides seamless web and mobile connectivity for users of Trimble displays. This solution enables farmers to effectively oversee their precision agricultural data.
  • In November 2023, Trimble incorporated Azure AI Document Intelligence into their Viewpoint Spectrum and Viewpoint Vista construction ERP software.

AGCO

Company Overview

Establishment Year1990
HeadquarterDuluth, Georgia, U.S.
Key ManagementEric Hansotia (Chairman, President, & CEO)
Revenue (US$ Bn)$12.6 B (2022)
Headcount~ 23,700 (2021)
Websitehttps://www.agcocorp.com/

About AGCO Corporation

AGCO Corporation is a leading force in AI in Agriculture, offering precision farming solutions that blend AI and data analytics for improved crop management and resource allocation. Their smart farming equipment incorporates AI, enabling efficient and data-driven agricultural operations.

They use AI for predictive analytics, including crop yield forecasts and soil health monitoring. Emphasizing connectivity and telematics for real-time monitoring and remote management, AGCO contributes to sustainable farming practices through collaborations with industry partners.

Geographical Presence

AGCO Corporation serves North America, including the United States and Canada, meeting the requirements of farmers and agricultural professionals. In Europe, covering nations like Germany and France, the company offers tailored agricultural solutions.

The Asia-Pacific region, particularly China and India, benefits from AGCO’s growing presence, while Latin American countries such as Brazil and Argentina depend on the company for agricultural solutions. Furthermore, AGCO operates in multiple African and Middle Eastern nations, contributing to agricultural development in these regions.

Recent Developments

  • In January 2024, AGCO introduced FarmerCore, a groundbreaking global initiative aimed at providing an advanced farmer and dealer experience.
  • In September 2023, AGCO Corporation unveiled its intention to construct a cutting-edge test farm in Casselton, North Dakota. This strategic endeavor aims to pioneer innovative and sustainable farming practices, with a particular focus on precision agriculture technologies and valuable retrofit solutions.

Bayer

Company Overview

Establishment Year1863
HeadquarterNorth Rhine-Westphalia, Germany
Key ManagementBill Anderson (CEO)
Revenue (US$ Bn)$ 53.4 Billion (2022)
Headcount~ 101,369 (2022)
Websitehttps://www.bayer.com/

About Bayer AG

Bayer AG is a major player in AI integration in Agriculture, providing digital farming solutions that use AI and data analytics to empower farmers with insights for crop management and resource optimization. They utilize AI-powered tools for processing extensive agricultural data, aiding informed decision-making and boosting productivity.

Furthermore, their commitment to sustainable agriculture aligns with AI-driven recommendations for efficient farming practices. Collaborations with tech firms and research institutions foster AI innovation in agriculture, addressing industry challenges and driving progress in the field.

Geographical Presence

Bayer AG maintains a strong global presence, serving agricultural markets across diverse regions. They have a significant presence in North America, including the United States and Canada, where they meet the needs of farmers and the agricultural industry. In Europe, particularly in Germany and France, Bayer offers a wide range of agricultural solutions to support various farming practices.

Bayer’s expanding footprint in the Asia-Pacific region, especially in China and India, addresses evolving agricultural demands. They also serve Latin American countries like Brazil and Argentina, acknowledging their significance in the global agricultural landscape. Moreover, Bayer contributes to agricultural development in several African and Middle Eastern nations.

Recent Developments

  • In December 2023, in a notable move in the agricultural technology sector, NIK entered into a strategic partnership with Bayer to introduce the FieldView Spray Kit. This collaboration combines NIK’s extensive technical knowledge spanning over two decades with Bayer’s vast global agricultural expertise and resources.
  • In May 2023, Arya. ag, an agritech company, partnered with Bayer CropScience in a strategic alliance to advance sustainable agriculture. This collaboration seeks to expand a sustainable crop production model that maximizes resource efficiency and provides tangible economic advantages to farmers, farmer-producer organizations, and all participants in the food value chain.

Cisco

Company Overview

Establishment Year1984
HeadquarterSan Jose, California, U.S.[
Key ManagementChuck Robbins (CEO & Chairman)
Revenue (US$ Bn)$ 56.9 Billion (2023)
Headcount~ 84,900 (2023)
Websitehttps://www.cisco.com/

About Cisco Systems

Cisco Systems plays a pivotal role in integrating AI into Agriculture. They provide essential IoT and connectivity solutions, enabling data collection from agri-sensors for informed decisions. Cisco employs data analytics and AI to process agricultural data, delivering insights on crop health and weather patterns.

Their tech solutions enhance precision agriculture, optimizing planting, irrigation, and harvesting. Cisco also emphasizes AI-driven practices for supply chain efficiency and sustainability. Collaborations with agri organizations and tech providers drive AI innovation in agriculture, tackling industry-specific challenges.

Geographical Presence

Based in San Jose, California, USA, Cisco Systems has a prominent North American presence, catering to both the United States and Canada. In Europe, with a focus on the United Kingdom, Germany, and France, Cisco acts as a central hub for technology solutions.

Their expanding footprint in the Asia-Pacific region, covering China, India, Australia, and Japan, supports technological growth. Cisco’s expertise also extends to Latin American nations, including Brazil, Mexico, Argentina, and Chile. Furthermore, Cisco plays a role in advancing technology in various African and Middle Eastern countries.

Recent Developments

  • In April 2023, Villgro and Cisco, as part of the India Cash Grant Program, selected seven women-led startups in the climate action sector for a focused six-month acceleration program called TVARAN.
  • In June 2021, Cisco and Social Alpha jointly identified five Agritech startups with high-impact potential to participate in the Krishi Mangal scale-up accelerator program. This initiative aims to support startups dedicated to creating solutions for smallholder farmers.

Microsoft

Company Overview

Establishment Year1975
HeadquarterRedmond, Washington, U.S.
Key ManagementSatya Nadella (Chairman & CEO)
Revenue (US$ Bn)$ 211.9 Billion (2023)
Headcount~ 238,000 (2023)
Websitehttps://www.microsoft.com/

About Microsoft Corporation

Microsoft Corporation is a major player in the integration of Artificial Intelligence (AI) in Agriculture. They offer FarmBeats, an AI-driven platform that empowers farmers with data-driven insights by collecting data from various farm sources. Microsoft’s AI for Earth program supports environmental projects, including agriculture, using AI for sustainable farming practices.

Azure FarmBeats, a cloud-based platform, helps farmers analyze data for precision agriculture. Microsoft collaborates with agricultural organizations and startups to develop AI solutions tailored to the industry’s unique needs. Microsoft’s commitment to data-driven and sustainable farming practices positions them at the forefront of AI applications in agriculture.

Geographical Presence

Microsoft Corporation maintains a strong global presence, offering its products and services worldwide. Based in Redmond, Washington, USA, Microsoft’s primary focus is North America, including the United States and Canada. In Europe, with key countries like the United Kingdom, Germany, and France, Microsoft serves as a central hub for technology solutions.

They are also expanding their presence in the Asia-Pacific region, encompassing countries such as China, India, Australia, and Japan. Latin American nations, including Brazil, Mexico, Argentina, and Chile, benefit from Microsoft’s technology. Additionally, Microsoft contributes to technology advancements in various African and Middle Eastern countries. This global reach solidifies Microsoft’s position as a leading provider of software, cloud services, and technology solutions worldwide.

Recent Development

  • In November 2021, Bayer unveiled a strategic collaboration with Microsoft to create a cloud-based suite of digital tools and data science solutions for the agricultural sector. This partnership aims to jointly develop innovative solutions focusing on key industry areas, including farming operations, sustainable sourcing, supply chain enhancement, and ESG (Environmental, Social, and Governance) monitoring.
  • In July 2020, Land O’Lakes Inc. and Microsoft Corp. joined forces in a multiyear strategic partnership. Their collaboration aims to lead innovations in agriculture, improve the supply chain, promote sustainability in farming and the food system, and bridge the rural broadband divide.

Oracle

Company Overview

Establishment Year1977
HeadquarterAustin, Texas, United States
Key ManagementSafra Catz (CEO)
Revenue (US$ Bn)$ 49.9 Billion (2023)
Headcount~ 164,000 (2023)
Websitehttps://www.oracle.com/

About Oracle

Oracle is a significant player in AI integration in agriculture. They offer cloud-based solutions with AI-driven analytics, aiding precision farming. Through IoT integration, Oracle collects and analyzes data from farm sensors for crop health and weather insights.

Their AI-powered supply chain management enhances distribution efficiency. AI-based data analytics predict crop yields and optimize resources. Collaborations with agriculture organizations drive AI solution development for industry challenges.

Geographical Presence

Oracle Corporation has a robust global presence, headquartered in the USA. They primarily serve North America, including the United States and Canada, and act as a central hub for software and cloud solutions in Europe, covering the UK, Germany, and France.

Expanding into the Asia-Pacific region, Oracle reaches countries like China, India, Australia, and Japan. Latin American countries like Brazil, Mexico, Argentina, and Chile also benefit from Oracle’s technology. Furthermore, Oracle contributes to technological advancements in Africa and the Middle East.

Recent Developments

  • In February 2024, SmarTone selected Oracle to modernize its Business Support Systems (BSS) by transitioning from legacy systems to a unified, cloud-native platform that integrates prepaid charging and postpaid billing.
  • In January 2024, in response to the increasing demand for Oracle Cloud Infrastructure (OCI) services in Africa, Oracle announced its plans to establish a public cloud region in Nairobi, Kenya, as part of its global cloud infrastructure expansion.

Google

Company Overview

Establishment Year1998
HeadquarterMountain View, California, U.S.
Key ManagementSundar Pichai (CEO)
Revenue (US$ Bn)$ 279.8 Billion (2022)
Headcount~ 178,234 (2022)
Websitehttps://about.google/

Business Description

Google LLC actively integrates Artificial Intelligence (AI) into agriculture, offering AI-powered data analytics tools for data collection, crop monitoring, and resource optimization. Their machine-learning algorithms assist in pest detection, disease management, and weather forecasting, benefiting farmers’ decision-making.

Through the cloud-based Google Earth Engine, AI and remote sensing data monitor agriculture and land use changes. Google also supports sustainable agriculture initiatives using AI for soil health, water conservation, and environmental sustainability. Collaborations with agricultural entities and startups foster AI innovations for the agricultural sector.

Geographical Presence

Google LLC has a global presence, headquartered in Mountain View, California, USA. They primarily focus on North America, serving the United States and Canada extensively. In Europe, they have a strong presence with offices and data centers in countries like the United Kingdom, Germany, Ireland, and Finland, acting as central hubs.

Google’s footprint is expanding in the Asia-Pacific region, covering countries like India, Singapore, Japan, Australia, and South Korea. Latin American nations such as Brazil, Mexico, Argentina, and Chile, as well as various African and Middle Eastern countries, also benefit from Google’s services.

Recent Developments

  • In October 2023, Wadhwani AI received a substantial $3.3 million grant from Google to expand its technology. Initially focused on cotton crop pest management, the grant aims to extend its capabilities to safeguard India’s key food crops, including rice, wheat, and corn.
  • In April 2022, Google partnered with Nurture. farm, an agricultural tech open digital platform, for research. Their collaboration focuses on finding scalable and cost-effective solutions to measure soil health, including vital factors like soil organic carbon and essential nutrients.
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Tajammul Pangarkar

Tajammul Pangarkar

Tajammul Pangarkar is a CMO at Prudour Pvt Ltd. Tajammul longstanding experience in the fields of mobile technology and industry research is often reflected in his insightful body of work. His interest lies in understanding tech trends, dissecting mobile applications, and raising general awareness of technical know-how. He frequently contributes to numerous industry-specific magazines and forums. When he’s not ruminating about various happenings in the tech world, he can usually be found indulging in his next favorite interest - table tennis.