Skip to playerSkip to main content
Benzinga
  • 5 minutes ago
Palantir announced a $300M deal with the U.S. Department of Agriculture to deploy technology managing farmland amid geopolitical supply chain risks. The contract expands Palantir's role beyond defense into agricultural oversight as farmers face rising costs from the China trade war and Iran war shipping disruptions. China's purchase of U.S. farmland has also drawn increased scrutiny.
Transcript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Palantir announced a $300 million deal with the U.S. Department of Agriculture
00:07to deploy its technology to manage farmland as geopolitical risks threaten global supply chains,
00:13according to CNBC. The agreement builds on existing USDA projects and expands Palantir's
00:20role beyond defense contracts tied to military modernization. Farmers face rising supply costs
00:25linked to a trade war involving China and higher fertilizer prices driven by shipping disruptions
00:30tied to the war in Iran. China's purchase of U.S. farmland has drawn scrutiny. The USDA contract
00:37signals a push to address these risks using digital tools as Palantir faces criticism and
00:42stock volatility. For all things money, visit Benzinga.com.
Comments