On November 3, 2015, Deere & Company (NYSE:DE) and the
Climate Corporation, a subsidiary of Monsanto (NYSE:MON), announced definitive
agreements were signed for “Deere to acquire the Precision Planting LLC
equipment business and to enable the exclusive real-time data connectivity
between certain John Deere farm equipment and the Climate FieldView
platform.”
The terms in the agreements include that Deere will “purchase Precision
Planting while Climate will retain the digital agriculture portfolio” which can
be integrated into the Climate FieldView platform. John Deere already had its own management solution
known as John Deere Operations Center.
Customers can share the data on this system with the Climate FieldView platform
to have the most up to date and informative data. Now John Deere equipment will have very near
real-time connectivity to the Climate FieldView Platform. According to AGProfessional website, the
Climate FieldView Platform “combines farmers’ field data with real-time and
historic soil, crop and weather data,” in order to help farmers made more
informed decisions in managing crop operations and create customized approaches
supported by data.
According to the John Deere news release, “the agreements
represent the industry’s first and only near real-time-in-cab wireless connection
to John Deere equipment by a third party.”
The agreements still need to be approved by the relevant antitrust
authorities until they can be implemented but the companies are hoping this
will be completed by early 2016.
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