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Monsanto to Buy Planting Technology Company

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User ID: 14434074
United States
05/23/2012 12:43 PM
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Monsanto to Buy Planting Technology Company
--Monsanto to buy precision agriculture company for up to $250 million

--Company unveils new pest-control platform

--Part of effort to diversify beyond seed production

Monsanto announced it will buy Precision Planting Inc., based in Tremont, Ill., for up to $250 million. Precision Planting makes technologies designed to help farmers improve seed spacing, depth and root systems in their fields.

Wednesday's acquisition is part of a growing effort to position Monsanto in "precision agriculture," an increasingly important business for farmers. Precision agriculture uses computer technology and the global positioning system to ensure that seeds, fertilizer and chemicals are applied correctly.

[link to www.marketwatch.com]

Don't worry, I'm sure Monsanto will do everything thay can to "help" local farmers, seeing as how important this business is for them [sarcasm].

I'm still holding out hope that one day I'll wake up, and Monsanto will have been just a terrible nightmare.

Last Edited by Qwazaar on 05/23/2012 01:17 PM