AGCO Signs Deal With Digital Agriculture Firm Solinftec
Zacks Investment Research | Mar 20, 2019 09:26PM ET
AGCO Corporation (NYSE:AGCO) recently entered into a commercial and technological partnership with a leading developer and distributor of digital agriculture solutions, Solinftec. AGCO customers will be provided direct access to Solinftec’s portfolio of solutions, including soil sensors, on-board computers, telemetry networks, weather stations, proprietary algorithms and the real-time generation of actionable insights, producing agronomic efficacy and operational efficiency.
In the beginning of 2019, the new solutions will launch in Brazil for sugarcane, soybean, corn and cotton growers. Moreover, the new solutions will be rolled out for the 2020 crop cycle for soybean and corn growers in the United States.
Notably, Solinftec’s offerings will complement the fleet and farm solutions, which are available through AGCO’s Fuse smart farming portfolio. Fuse’s smart farming includes transparent partnering model that provides flexibility to farmers according to their choices of service providers, farm management, and agronomic software and machinery.
Over the past 11 years, Solinftec has brought solutions to its clients that capture and process online and real-time data, while also focusing on improving farm’s operational ecosystem. Solinftec solutions comprise various layers of hardware, software and telecommunications. In addition to these layers, it has developed a wide suite of software and algorithmic solutions to solve challenges related to specific crop and region. Solinftec has captured 60% of the sugarcane market in Brazil through these solutions.
AGCO, which is among the prominent Original post
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