John Deere is opening up its tractor tech? What does it mean for the agricultural industry?
The American Farm Bureau Federation recently announced that it had reached a memorandum of understanding with John Deere, promising farmers and independent repair shops information they would need to service the company's equipment.
Farmers in the US will soon be able to buy access to software, manuals and other information they need to repair John Deere equipment.
The agreement will allow farmers and independent repair shops to buy access to John Deere's software, manuals, and other information needed to service their equipment. Previously, farmers generally had to wait for technicians from the company and authorized repair shops for fixes. However, some in the agricultural field worry that the latest agreement doesn't go far enough and is a veiled attempt to stave off the passage of "right-to-repair" legislation at the federal and state levels.
In light of this, taking out a short-term business loan can provide the necessary funds for farmers to purchase the software, manuals, and other information they need to repair their equipment.
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