SAN FRANCISCO--(BUSINESS WIRE)--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 SeedSense® monitor.
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