Through the EQIP program, U.S. farmers can
receive more than 50% off the retail price of the Monarch MK-V, the
industry's most advanced tractor in electrification and autonomous
technology.
LIVERMORE, Calif., May 15, 2024
/PRNewswire/ -- Monarch Tractor, maker of the MK-V, the world's
first fully electric, driver-optional, smart tractor, announces a
significant opportunity for farmers nationwide through the
Environmental Quality Incentives Program (EQIP). The company's
flagship 100% electric MK-V tractor now qualifies for substantial
cost reductions under the EQIP program, an initiative designed to
support sustainable agricultural practices.
Monarch Tractor MK-V Eligible Nationwide
for More Than 50% Off via NRCS EQIP Program
By setting a new standard in the market through products like
the MK-V, which pair sustainability with increased OpEx savings,
Monarch is driving customer demand for electric farm machinery and
catalyzing greater interest in subsidies and support for clean
technology in agriculture This heightened demand for sustainable ag
products is evidenced by programs like EQIP, which enable farmers
nationwide to acquire the MK-V at less than 50% of its retail
price. This will promote access to the MK-V's affordable,
cutting-edge agricultural technology for American farmers. To date,
Monarch has seen success with farmers implementing MK-V tractors
into their daily operations. For example, in the span of 8 months,
Constellation Brands, the 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.
The EQIP program aims to provide technical and financial
assistance for farmers to address natural resource concerns, such
as improved air quality or wildlife habitat. The program is
currently available in the following states: Alaska, Arizona, Colorado, Connecticut, Idaho, Minnesota, Nebraska, Nevada, New
Hampshire, Utah,
Vermont, Washington, and Rhode Island. Monarch works closely with
farmers to participate in this program to support farmers'
transition to zero-emission machinery. If a state is not yet
accepting EQIP, farmers are encouraged to contact a Monarch
Specialist or their local USDA field office to explore options for
securing funding for their tractor operations. MK-V tractors will
be delivered through Monarch's dealer network.
"Monarch Tractor is committed to increasing farmer profitability
and planet sustainability," said Monarch CEO Praveen Penmetsa. "The generous support and
contributions from programs like EQIP help offset the costs
associated with adopting fully electric agricultural equipment for
U.S. farmers, indicating a strong movement towards zero-emission
technologies and a more sustainable farming future."
The MK-V combines electrification, AI, and data analysis to
enhance operations by driving labor productivity, increased safety,
and significant cost savings. Amplifying the MK-V's capabilities,
Wingspan Ag Intelligence (WingspanAI) is a one-stop solution that
integrates a farm management system, vehicle position tracking,
crop image collection, and automated operations planning into one
platform. Monarch Tractor customers can harness the true power of
the MK-V with WingspanAI's automated operations planning, remote
fleet management, tractor performance reports, maintenance
diagnostics, and more.
Farmers interested in securing funding for an MK-V tractor
through the EQIP program are encouraged to contact a Monarch
Specialist here. To learn more about the program, visit
https://www.monarchtractor.com/eqip-subsidy-program.
About Monarch Tractor
Founded in 2018, 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, increase labor
productivity, and improve 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. With cutting-edge technology,
global reach, and an experienced team, Monarch is delivering
meaningful change for the future of farming.
Monarch Tractor Media Contact
Sandya Kola |
skola@monarchtractor.com
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SOURCE Monarch Tractor