Deere & Co. and The Climate Corporation announced today they have reached terms on an agreement for Deere to acquire the Precision Planting LLC equipment business from Climate. Under the terms of the agreement, 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 antitrust authorities.
The agreement will enable exclusive, near real-time data connectivity between certain John Deere farm equipment and the Climate FieldView platform, the companies said in a press release. They said the agreement represents the first and only near real-time, in-cab wireless connection to John Deere equipment by a third party in the ag equipment industry.
“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, a Monsanto subsidiary. “As a result of these milestone agreements, farmers will experience the fastest, most frequent and highest resolution third-party connectivity between John Deere’s equipment and the Climate FieldView platform.”