US: John Deere to buy subsidiary of Monsanto

Deere & Company and The Climate Corporation, a subsidiary of Monsanto Company, have signed agreements for Deere to buy the Precision Planting LLC equipment business and enable exclusive near real-time data connectivity between certain John Deere farm equipment and the Climate FieldView platform.

The agreements represent the industry’s first, and only, near real-time in-cab wireless connection to John Deere equipment by a third party.

“To maximize the value of digital agriculture, farmers need solutions for simple and seamless collection of in-field agronomic data,” said Mike Stern, president and chief operating officer for The Climate Corporation.

Under the terms of the agreements, Deere will purchase Precision Planting while Climate will retain the digital agriculture portfolio that has been integrated into the Climate FieldView platform. The acquisition is subject to customary closing conditions, including the approval of the relevant antitrust authorities to the extent required.

Full content: Farm Futures

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