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AGCO to acquire Precision Planting equipment business

AGCO, Your Agriculture Company, a worldwide manufacturer and distributor of agricultural equipment and The Climate Corporation, a subsidiary of Monsanto Company, has announced that a definitive agreement has been signed for AGCO to acquire the Precision Planting LLC equipment business.

The Climate Corporation’s Climate FieldView digital agriculture platform will retain connectivity with Precision Planting’s 20/20 SeedSense monitor.

The terms of the agreement were not disclosed. The transaction is subject to regulatory approvals.