“We’ve been out here for two seasons. I remember the day we set up camp—we literally pitched a tent and started testing our tractor. Thanks to Wente’s support, we have made a lot of progress and today is the culmination of that progress with us handing over the tractor that Wente vineyards are going to use over the coming years,”

said co-founder Praveen Penmetsa.

Wente Vineyards is the longest family-run winery in the nation with five generations of knowledge. The fifth generation of the Wente Family has continued the family’s sustainability efforts to be better stewards of the land for generations to come. The Monarch Tractor will help them continue these efforts.

The 15 pilot-series tractors being deployed are a stepping stone in Monarch’s goal of beginning full production at the end of the year. The power is now in the hands of the consumer, and Monarch Tractor will be used just like any other tractor on the field. In the coming months, Monarch will take all of the feedback they receive and implement changes in the software and hardware that will help ensure our tractors are ready for any challenge.

We’re honored to receive an outpouring of support from many different groups across the tech and innovation, farming, and governing communities. Members of these groups include iGATE Innovation Hub, the Innovation TriValley Leadership Group, and the local tech and innovation community as well as Bush Hog and countless farmers in the region. A special thanks to the City of Livermore and the Livermore Chamber of Commerce for embracing Monarch as they further establish our roots in the ideal agtech location where the tech and talent pool of Silicon Valley, agriculture of the Central and Napa Valleys, and R&D in the TriValley area all intersect.

“This deployment is just the beginning of what is possible in terms of a sustainable technology that is going to have an impact on farm economics. Our mission has always been to create a sustainable food ecosystem for the world over,”

said Penmetsa.

Source: Monarch Tractor

The post Monarch Tractor Announces Deployment of the First Fleet of Pilot-Series Tractors appeared first on North America FarmQuip Magazine.

The Board also approved the purchase of up to five percent of Nutrien’s outstanding common shares over a one-year period through a normal course issuer bid (NCIB). Any purchases will commence following the expiration of our current NCIB on February 26, 2021, and will be subject to acceptance by the Toronto Stock Exchange.

Registered shareholders who are residents of Canada as reflected in Nutrien’s shareholders’ register, as well as beneficial holders (i.e., shareholders who hold their common shares through a broker or other intermediary) whose intermediary is a participant in CDS Clearing and Depositary Services Inc. or its nominee, CDS & Co., will receive their dividend in Canadian dollars, calculated based on the Bank of Canada daily average exchange rate on March 31, 2021.

Registered shareholders resident outside of Canada as reflected in Nutrien’s shareholders’ register, including the United States, as well as beneficial holders whose intermediary is a participant in The Depository Trust Company or its nominee, Cede & Co., will receive their dividend in US dollars. However, registered shareholders of Nutrien may elect to change the currency of their dividend payments to US dollars or Canadian dollars, as applicable. In addition, Nutrien offers registered shareholders direct deposit by electronic funds transfer for dividend payments.

Registered shareholders may elect to change the currency of their dividend and enroll for direct deposit by contacting, Nutrien’s registrar and transfer agent, Computershare Investor Services Inc., directly. Beneficial shareholders should contact their broker or other intermediaries to determine the ability and necessary steps involved in an election to change the currency of their dividend payment.

All dividends paid by Nutrien are, pursuant to subsection 89(14) of the Income Tax Act (Canada), designated as eligible dividends.

Source: Nutrien

The post Nutrien Increases Dividend and Announces Intent to Launch a New Share Repurchase Program appeared first on North America FarmQuip Magazine.