Dallas, Texas 12/18/2013 (FINANCIALSTRENDS) – The Dow Chemical Company(NYSE:DOW) which boasts of a market cap of $51 billion has tied up with another storied corporate player Deere & Company (NYSE:DE) in order to come up with solution and policy formulations which are directly going to benefit farmers in realizing better yields in their farms today.
As per the announcement given out yesterday, The Dow Chemical Company (NYSE:DOW) and the heavy earth mover and tractor maker have tied up their resources to invest in technology which will enable agricultural scientists to analyze past agricultural yields and production data to come with policy formulations, by following which farmers can realize more yield per acre of plantation.
Individual Farmers To Benefit Directly
The signing ceremony took place between Dow AgroSciences LLC which is a standalone entity of The Dow Chemical Company (DOW) and John Deere. As part of the collaboration, the two mega capped firms are intending to “work together to develop approaches and technology that will deliver data and provide information to farmers that will assist in the execution of site-specific applications to improve yields and manage costs”. The two firms have vowed to leverage new age technology like cloud-based solutions to come up with customized recommendations to meet each farmers unique farm ecosystem.
WIN – WIN – WIN
Commenting about this tie up, Larry Robertson who heads a small division of Dow AgroSciences has been quoted as saying, “This collaboration is part of our strategy to deliver innovative Dow AgroSciences solutions tailored to each farmer’s specific environment. Exploring the promise of precision product placement is important to our customers and we are pleased to work with John Deere on approaches that ensure the best product and management tools are put to use on each acre.”