John Deere acquired Harvest Profit, a leading provider of farm profitability software based in Fargo, North Dakota.
Lane Arthur, Vice President, Data, Application, and Analytics at John Deere, said:
“Harvest Profit software helps farmers forecast and measure profitability on a field-by-field basis. This software will provide John Deere customers with a forward-looking financial lens, better visibility into their farms’ profitability, and insights to help them make the best possible decisions managing their operations.”
Farmers have continued to ask for tools to analyze their data and to better understand the financial outcomes of their decisions. To meet this need, Harvest Profit’s current software offering will continue to be available through the John Deere Operations Center. The acquisition of Harvest Profit ensures current and prospective John Deere customers will have access to this analytical capability and provide them with continuity moving forward.
“Harvest Profit builds on the John Deere goal of providing cutting-edge technology solutions that empower our customers to make more informed decisions. This software provides financial visibility for the customer of their operations enabling confident and proactive management decisions that make them more profitable and sustainable.”
Founded in 2015, Harvest Profit is recognized for its deep understanding of agriculture, software development, and production costs and revenue data that drive field-level profitability.
Harvest Profit will retain its brand name. The financial terms of the agreement are not being made public.