USDA

Palantir secured a $300 million contract with the U.S. Department of Agriculture to enhance farmland management. This strategic partnership leverages Palantir’s technology to address escalating geopolitical risks threatening global supply chains and U.S. food security. The deal signifies Palantir’s expansion beyond defense into critical civilian applications, utilizing its data integration and analytical platforms to tackle complex agricultural challenges.

Palantir secured a $300 million USDA deal to enhance farmland management amid geopolitical supply chain volatility. The agreement leverages Palantir’s technology to address rising input costs, trade disputes, and foreign ownership concerns in the agricultural sector. This partnership underscores the USDA’s commitment to utilizing digital solutions for national security and economic stability, marking an expansion of Palantir’s government footprint beyond defense.

U.S. beef prices are soaring to record highs due to trade tariffs, drought, and rising feed costs, potentially leading to the most expensive burgers in history. Ground beef prices surged to $13.49 per kilogram in June, a 12% increase year-over-year. Steak prices are also rising. A new 50% tariff on Brazilian goods, effective August 1st, will further inflate prices, potentially raising the total tax burden on Brazilian beef to 76%. Some businesses are reducing patty sizes to cope with the increased costs.