A John Deere air cart seeding system in the field.  Photo: John Deere

Deere & Co. to buy Monsanto’s Precision Planting farm equipment business

Chicago/Reuters – Monsanto Co’s Climate Corp subsidiary on Tuesday announced a definitive agreement to sell its Precision Planting farm equipment business to Deere & Co for an undisclosed sum. The deal also allows nearly real-time data connections between certain John Deere farm equipment and Climate’s farming software programs, Climate FieldView. Climate will keep its digital farming […] Read more

(Greg Berg photo)

John Deere to acquire European farm equipment maker Monosem

Reuters – Deere & Co. shares rose about 2 per cent on Monday after the company said it plans to acquire Monosem, a European family-owned farm equipment manufacturer that specializes in “precision planters” designed to increase crop production. Deere would not comment on the transaction’s financial details or Monosem’s revenues, but it does expect the […] Read more