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Monsanto terminates agreement for sale of Precision Planting equipment business

Staff Writer |
The Climate Corporation, a subsidiary of Monsanto Company, today announced Monsanto’s termination of their agreement with Deere & Company for the acquisition of the Precision Planting equipment business.

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The agreement was announced in November 2015, and closing has been delayed by Department of Justice concerns with the transaction.

The Climate Corporation made the strategic decision nearly 18 months ago to focus its business exclusively on its digital agriculture platform, and that strategy has not changed.

The company intends to sell the Precision Planting equipment business and has spoken with several third parties that have expressed interest in purchasing it.

John Deere also announced today their termination of the Digital Ag Connectivity agreement with The Climate Corporation.

The termination of this agreement will have no impact on existing Climate FieldView customers who currently use John Deere’s Wireless Data Server (WDS) technology to stream data into their account.

The Climate Corporation remains committed to enabling seamless field data collection from multiple equipment types and software systems into its Climate FieldView digital agriculture platform.

Easily getting their data into one platform is essential in helping farmers get valuable insights from their field data that can support the important agronomic decisions they make through the year.

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