DuPont and Deere to Team Up to Take on Monsanto

They will offer guidance to farmers starting next year

   

DuPont and Deere to Team Up to Take on Monsanto

wheat 630 istockphoto 300x227 DuPont and Deere to Team Up to Take on MonsantoCompetition among companies looking to offer advise farmers how to optimize their harvests has led a chemical giant and agricultural equipment maker to form a partnership.

DuPont (DD) and Deere & Co. (DE) are joining forces to introduce programs aimed at providing “precision agriculture” guidance to farmers next year. The alliance comes on the heels of Monsanto’s (MON) recent $1 billion purchase of weather forecasting data provider The Climate Corp., and its 2012 acquisition of Precision Planting, Reuters notes.

midwest farmland 630 200x200 DuPont and Deere to Team Up to Take on Monsanto
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In 2014, Monsanto — infamous for its genetically modified crop seeds — plans to debut an agricultural analytics service in a number of Midwestern states.

The DuPont-Deere alliance will respond by providing services geared toward advising farmers about a range of issues including pest control, harvest times, crop maintenance and planting techniques.

Shares of DuPont and Monsanto were flat in Friday pre-market trading, while Deer slipped modestly.

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