DuPont and Deere to Team Up to Take on Monsanto

by Christopher Freeburn | November 8, 2013 9:33 am

DuPont and Deere to Team Up to Take on Monsanto

wheat 630 istockphoto 300x227 DuPont and Deere to Team Up to Take on Monsanto[1]Competition 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[2]) and Deere & Co. (DE[3]) 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[4]) recent $1 billion purchase of weather forecasting data provider The Climate Corp., and its 2012 acquisition of Precision Planting, Reuters notes.

In 2014, Monsanto — infamous for its genetically modified crop seeds[5] — 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.

More Farming and Agricultural Headlines:

Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2012/10/wheat-630-istockphoto.jpg
  2. DD: http://studio-5.financialcontent.com/investplace/quote?Symbol=DD
  3. DE: http://studio-5.financialcontent.com/investplace/quote?Symbol=DE
  4. MON: http://studio-5.financialcontent.com/investplace/quote?Symbol=MON
  5. genetically modified crop seeds: http://investorplace.com/2013/05/monsanto-wins-major-supreme-court-patent-case/#.Unzz0JG1Kf0
  6. Report: $36M in Farm Subsidies Paid to Dead People: http://investorplace.com/investorpolitics/report-36m-in-farm-subsidies-paid-to-dead-people/
  7. Farmer Discovers Huge Oil Spill Bubbling Up in His Wheat Fields: http://investorplace.com/2013/10/farmer-discovers-huge-oil-spill-bubbling-wheat-fields/#.Unz0RJG1Kf0
  8. Report: GMO Corn Not Protecting Against Pests as Designed: http://investorplace.com/2013/08/report-gmo-corn-not-protecting-against-pests-as-designed/#.Unz0zZG1Kf0

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