Climate Corp., the technology unit of seed giant Monsanto Co., plans to create what it says will be the first network of in-field sensors to relay data on crop conditions back to farmers.
Climate Corp. also said it will allow third parties to build upon and provide additional layers of data for its Climate FieldView software platform, which offers crop information to farmers. Its first partner in developing the platform is Veris Technologies Inc., Climate Corp. said Wednesday in a statement.
The San Francisco-based subsidiary of Creve Coeur-based Monsanto is one of the biggest players in an emerging industry known as precision agriculture, which aims to harness weather and crop data along with cloud computing to offer improved yield. Climate Corp.’s software is offered on mobile devices, allowing farmers to assess crop conditions in real time.
Monsanto unveiled the deal ahead of a series of investor presentations, and said in a separate statement Wednesday that it expects $25 billion in net sales from new products.