SAN FRANCISCO--(BUSINESS WIRE)--Sep. 5, 2017--
The Climate Corporation, a subsidiary of Monsanto Company (NYSE: MON),
announced today that closing agreements have been signed to finalize
AGCO’s purchase of the Precision Planting LLC equipment business. In
late July, the companies first announced
the transaction. AGCO will now assume ownership of Precision Planting,
continuing the development of innovative products that improve
efficiency and productivity for farmers around the world.
As the industry-leader in data connectivity, The Climate Corporation is
also in the process of solidifying a global data connectivity agreement
with AGCO that will enable connectivity between AGCO equipment and the
Climate FieldView™ digital agriculture platform, allowing more farmers
to easily get all of their data in one place to manage inputs and
measure the outcome of their agronomic decisions throughout the season.
More details will be provided on that agreement in the future.
AGCO will continue to support all existing Precision Planting dealers,
activities and agreements. The Climate Corporation’s Climate FieldView
platform will retain connectivity with Precision Planting’s 20/20
The terms of the agreement were not disclosed.
About The Climate Corporation
The Climate Corporation, a subsidiary of Monsanto Company, aims to help
all the world’s farmers sustainably increase their productivity through
the use of digital tools. The integrated Climate FieldView™ digital
agriculture platform provides farmers with a comprehensive, connected
suite of digital tools. Bringing together seamless field data
collection, advanced agronomic modeling and local weather monitoring
into simple mobile and web software solutions, the Climate FieldView
platform gives farmers a deeper understanding of their fields so they
can make more informed operating decisions to optimize yields, maximize
efficiency and reduce risk. For more information, please visit www.climate.com
or follow the company on Twitter @climatecorp.
About Monsanto Company
Monsanto is committed to bringing a broad range of solutions to help
nourish our growing world. We produce seeds for fruits, vegetables and
key crops - such as corn, soybeans, and cotton - that help farmers have
better harvests while using water and other important resources more
efficiently. We work to find sustainable solutions for soil health, help
farmers use data to improve farming practices and conserve natural
resources, and provide crop protection products to minimize damage from
pests and disease. Through programs and partnerships, we collaborate
with farmers, researchers, nonprofit organizations, universities and
others to help tackle some of the world’s biggest challenges. To learn
more about Monsanto, our commitments and our more than 20,000 dedicated
employees, please visit monsanto.com.
Follow our business on Twitter® at twitter.com/MonsantoCo.
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Source: The Climate Corporation
The Climate Corporation
Chelsea Shepherd, 314-258-0438