Monsanto Company announced today it has reached an agreement to purchase Illinois based planting technology developer Precision Planting. Precision Planting will become part of Monsanto’s Integrated Farming Systems unit, which combines the use of advanced agronomic practices, seed genetics, and on-farm technology with the goal of delivering better yields with fewer resources.
Monsanto agreed to pay $210 million for the business, plus a performance based payment of up to $40 million. Robb Fraley, Monsanto chief technology officer, says the purchase underscores Monsanto’s commitment to maximizing yield for farmers while optimizing crop inputs.
Precision Planting was founded in 1993 by Gregg Sauder and his wife, Cindy. The Sauder’s developed planter add-ons to achieve precise depth and spacing to maximize yields for their own farm. Today their products are used across the nation and around the world.
The company’s operations will remain in Tremont, Ill.




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