Deere & Company has reached a deal to provide a precision agriculture competitor with products from the planting equipment company it’s in the process of buying.
If Deere completes its acquisition of Precision Planting from Monsanto’s Climate Corporation, it will provide Ag Leader with licenses and technology to manufacture and sell Precision Planting’s SpeedTube, and the related vSet, vDrive and DeltaForce components.
“Ag Leader is continuously looking for opportunities to expand our already impressive line of precision farming technologies. When this prospect arose, we knew it was worth looking into for our customers and dealers, as high-speed planting is an emerging precision agriculture technology,” said Al Myers, president, Ag Leader Technology, in a news release on Wednesday.
Ag Leader says it will integrate the Precision Planting technology into its existing SeedCommand planting technology and industry-leading InCommand displays.
Deere says it anticipates Ag Leader will sell Precision Planting parts to retrofit Deere and other brands of planters, providing a separate and competitive source of supply for OEM planter manufacturers that choose to equip their products with Precision Planting components.
The agreement is contingent on Deere completing its acquisition of Precision Planting, which was first announced in November 2015. In August, the U.S. Department of Justice challenged the agreement, but Deere has said it will fight the DOJ action.