Monarch's MK-V, a 100% electric,
driver-optional, smart tractor, is eligible with CORE, a valuable
tractor subsidy.
LIVERMORE, Calif., July 29,
2024 /PRNewswire/ -- Monarch Tractor, creator of the
MK-V, the world's first fully electric, driver-optional, smart
tractor and Wingspan Ag Intelligence (WingspanAI) farm management
platform, announces an enhanced savings opportunity for
California growers through the
state's Clean, Off-Road Equipment Voucher Incentive Project (CORE).
Under the CORE program, the company's flagship product, the MK-V
tractor, is eligible for up to $68,750 in savings off the retail price.
Boosting adoption of ag innovation through CORE
CORE is a multi-million-dollar voucher incentive program
intended to make currently commercialized, zero-emission, off-road
equipment more accessible to users through point-of-sale
subsidization. By establishing a new benchmark in the agricultural
sector with its innovative MK-V, which brings increased savings in
operational expenditures and overall farm efficiency to sustainable
and regenerative ag practices, Monarch is responding to the demand
for high-performance, electric farm machinery. Through CORE,
California is, once again,
reinforcing its commitment to farmers by empowering them to achieve
long-term viability through improved ROI and healthier land
management practices.
In comparison to CORE 2022 and 2023, both awareness and interest
in CORE vouchers have dramatically increased making demand more
competitive for 2024. Requests for vouchers are expected to exceed
availability before CORE's opening date of August 13, 2024, leaving little to no room for
applicants to delay. Monarch is currently accepting and processing
applications in advance to help farmers secure their
voucher(s).
"Farmers are busy and don't have time to be burdened with
paperwork," says Matt Hesse,
Vice-President of Sales at Monarch Tractor. "Customers have
expressed that having Monarch being the link to getting CORE set up
and handling the paperwork was key for them getting a new
tractor."
Solutions for affordable Agtech
Initial investment costs are a necessary part of acquiring
any type of ag machinery. Moreover, current interest rates have
slowed the demand for investment, overall. To mitigate this
obstacle, initiatives like CORE make advanced ag technology more
accessible to a broader range of agribusinesses.
As an organization that prioritizes farmers and their needs,
Monarch is continually looking for opportunities to enhance savings
and return on investment for its customers. By stacking
driver-optional technology, connectivity, and electrification, the
MK-V supports immediate ROI and continued profitability long after
its purchase. Acquiring an electric tractor through CORE allows
California growers to further
expedite their return on investment in the MK-V.
To date, Monarch has seen many successes with farmers
implementing MK-V tractors into their daily operations. In one use
case, in the span of eight months, Constellation Brands, a
leading global premium, fine wine and craft spirits producer, saw
over 1,700 hours of EV tractor operations, over $16,000 in energy savings, and 8,000 kg of CO2
emissions reductions.
Farmers interested in securing funding for an MK-V tractor
through CORE are encouraged to learn more about the program and
contact a Monarch Specialist here:
https://www.monarchtractor.com/california-core-subsidy-inquiry.
About Monarch Tractor
Monarch Tractor's MK-V is the world's first fully electric,
driver-optional, smart tractor that combines electrification,
automation, machine learning, and data analysis to enhance farmer's
existing operations, cut overhead costs, reduce emissions and
increase labor productivity and safety. Monarch Tractor is
committed to elevating farming practices to enable clean, efficient,
and economically viable solutions for today's farmers and the
generations of farmers to come. Operating in more than five
continents, Monarch Tractor serves vineyards, orchards,
blueberries, dairy, and land management sectors. With cutting-edge
technology and a global presence, Monarch is delivering meaningful
change for the future of farming. For more information on
Monarch Tractor, visit www.monarchtractor.com.
Monarch Tractor Media Contact:
Sandya Kola | skola@monarchtractor.com
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SOURCE Monarch Tractor