The John Deere Foundation and CEO Samuel R. Allen are looking to help marginal farmers around the world by offering more encompassing services in addition to its line of heavy construction and farm equipment, The Economic Times reported.
Allen and his team on the foundation are looking to provide farmers around the world with affordable tractors, used farm equipment and new agricultural methods that would lead to more sustainability in the industry. This move came as a response to the growing level of world hunger and shrinking supply lines.
"As a result of the need to double world food output by 2050, agriculture has become a high-growth opportunity for us," noted Allen. "We're focusing on how we can contribute to increasing agricultural output in a sustainable fashion."
New models of farm equipment are available around the world due to the outreach of the foundation, along with used tractors that might be more affordable to farmers, according to the Times.
The John Deere Foundation is an organization with a $20 million annual budget that is directed towards community enrichment, disaster relief and ending world hunger, according to the company website.
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