Monsanto Subsidiary The Climate Corp. Acquires Solum

The Climate Corporation announced today the acquisition of the soil analysis business line of Solum, Inc., an agriculture technology company. The acquisition of Solum’s soil analysis service underscores The Climate Corporation’s commitment to using data science to help farmers identify ways they can continue to optimize crop yields and use resources more efficiently.

David Friedberg, CEO of The Climate Corporation, emphasized the importance of precision soil analysis in order to produce the most effective advisory services for farmers. “Each season, farmers face a wide range of soil-related decisions that can help them improve the productivity of the finite land they farm. High quality, consistent soil analysis will ensure farmers, agronomists and ag retailers can offer and access improved decision support resources to increase on-farm efficiency. Essentially, with more accurate and consistent data inputs, the insights and recommendations we provide for farmers can be more precisely customized to their fields, helping them make better decisions for their farms,” said Friedberg.

The asset acquisition by Monsanto Company, The Climate Corporation’s parent company, includes the Solum brand, soil testing intellectual property, the soil test lab in Ames, IA, and Solum’s No-Wait Nitrate platform. The Ames lab will continue to provide its highly accurate and reliable mail-in sample service to help customers measure and manage their soil fertility. The Climate Corporation will continue to operate Solum’s No-Wait Nitrate platform, which offers real-time measurement of soil nitrate levels from the edge of the field. The Climate Corporation has extended job offers to all Solum employees working in their soil testing business. Solum’s software business line will remain independent under its new brand, Granular, Inc.

“We’re pleased to become a part of The Climate Corporation team and see this as a tremendous opportunity to provide a new level of accurate soil information that will ultimately help stakeholders across agriculture use resources more efficiently,” said Nick Koshnick, co-founder of Solum, who will lead the continued development of the Solum technology as part of The Climate Corporation. “We look forward to continuing our work with agricultural retailers and agronomists and to building new working relationships with Monsanto’s channel partners to help them provide a complete soil testing solution that gives farmers the information they need to focus their input dollars where they will generate the highest yield and return,” Koshnick added.

Soil composition and fertility is the foundation of agricultural production, and understanding soil variability and nutrient profiles is essential to making effective precision agriculture decisions. Tailoring inputs to optimize soil productivity ultimately helps farmers improve their overall productivity and increase yields. “The technology The Climate Corporation is gaining in this acquisition, as well as the research and development we currently have underway, will continue to improve our ability to deliver better insights and recommendations to farmers,” said Friedberg.

Additional details of the agreement were not disclosed.

Topics: ,

Leave a Reply

Your email address will not be published. Required fields are marked *

Business Stories
Buhler Versatile HQ cab
BusinessThe State Of Precision Ag In 2016
December 7, 2016
There’s no denying that precision technologies and practices are more vibrant than ever. Elsewhere on this site, you will find Read More
BusinessFarmobile Details New AGCO Distribution Deal
December 6, 2016
Farmobile today announced a strategic partnership with AGCO, a worldwide manufacturer and distributor of agricultural equipment. The agreement will allow Read More
DataSentera Honored With Startup Award Of 2016 By Minnesota High Tech Association
December 1, 2016
The Minnesota High Tech Association (MHTA) recently recognized Sentera as the 2016 Tekne Startup Award recipient. The MHTA Tekne Awards Read More
Fall corn
BusinessInsecticide of the Future? Robotic Tanks With Lasers to Kill Pests
November 22, 2016
*Article Notes: This monthly column takes some crazy sounding ideas and applies them to the field of Ag Tech. The Read More
Trending Articles
GVM E-Series cab
Ag Tech GlobalGlobalization And Precision Agriculture
December 7, 2016
Globalization has taken on a negative connotation in some circles in the U.S. in recent months. The lightning rod for Read More
Farmers Edge Truck
DataFarmers Edge, Trotter Fertilizer Form Partnership To Enhance VRT Programs
November 29, 2016
Farmers Edge, a global leader in precision agriculture and independent data management solutions, has partnered with Trotter Fertilizer, Nebraska’s foremost Read More
Kinze 4900 Multi-Hybrid Concept Planter
Business ManagementKinze Fights Deere, Feds To Block Release Of Trade Secrets
November 22, 2016
An antitrust lawsuit intended to block a small-scale deal between agricultural giants John Deere and Monsanto is putting an Iowa Read More
BusinessClimate Corp. Acquires European FMIS Company
November 21, 2016
Today, The Climate Corp., a subsidiary of Monsanto Co., announced the acquisition of VitalFields, a European farm management software company Read More
USDA UAV
Hort TechHigh-Tech Agriculture Continues To Reap Rewards For Farmers
November 11, 2016
Just like a smartphone helps users learn, communicate and make important decisions, smart technology — known as precision agriculture — Read More
BusinessTrimble Launches New FMIS Platform
November 7, 2016
Trimble announced today that it is consolidating three of its agriculture software products — Connected Farm, Farm Works Software and Read More
Latest News
AgBot16 Challenge
Hort TechUSDA Announces $3 Million For Agricultural Robotics Res…
December 8, 2016
The USDA’s National Institute of Food and Agriculture (NIFA) has announced the availability of $3 million in available funding for Read More
BASF Maglis Grower Tablet
Business ManagementPrecision Farming Forecast: 4 Challenges, Opportunities…
December 7, 2016
Opportunities and challenges. They are the yin and yang of the business world. It could easily be argued that, out Read More
GVM E-Series cab
Ag Tech GlobalGlobalization And Precision Agriculture
December 7, 2016
Globalization has taken on a negative connotation in some circles in the U.S. in recent months. The lightning rod for Read More
Buhler Versatile HQ cab
BusinessThe State Of Precision Ag In 2016
December 7, 2016
There’s no denying that precision technologies and practices are more vibrant than ever. Elsewhere on this site, you will find Read More
BusinessFarmobile Details New AGCO Distribution Deal
December 6, 2016
Farmobile today announced a strategic partnership with AGCO, a worldwide manufacturer and distributor of agricultural equipment. The agreement will allow Read More
Hort TechSol Chip Launches Autonomous, Wireless Solar Tag for Sm…
December 6, 2016
Sol Chip, a provider of Internet of Things (IoT) systems and energy harvesting solutions, today announced the introduction of its Read More
TechnologyAgGateway Announces 2017 Board Of Directors And Leaders…
December 2, 2016
AgGateway has announced its leadership for the coming year, including the directors of its new Strategic Board and Operational Board, Read More
DataSentera Honored With Startup Award Of 2016 By Minnesota…
December 1, 2016
The Minnesota High Tech Association (MHTA) recently recognized Sentera as the 2016 Tekne Startup Award recipient. The MHTA Tekne Awards Read More
AGCO AgControl
TechnologyPrecision Ag Technology: Rate Control For The Times
December 1, 2016
It’s not surprising that the need for more economical, effective application is driving the demand for the latest rate controllers Read More
Farmers Edge Truck
DataFarmers Edge, Trotter Fertilizer Form Partnership To En…
November 29, 2016
Farmers Edge, a global leader in precision agriculture and independent data management solutions, has partnered with Trotter Fertilizer, Nebraska’s foremost Read More
Fall corn
BusinessInsecticide of the Future? Robotic Tanks With Lasers to…
November 22, 2016
*Article Notes: This monthly column takes some crazy sounding ideas and applies them to the field of Ag Tech. The Read More
Topcon X30 Console in cab
Sensors/IoTIoT The Focus Of New Topcon Partnership
November 22, 2016
Topcon Agriculture and SDF plan to enter into a non-exclusive long-term partnership agreement. This latest arrangement of Topcon with a Read More
Kinze 4900 Multi-Hybrid Concept Planter
Business ManagementKinze Fights Deere, Feds To Block Release Of Trade Secr…
November 22, 2016
An antitrust lawsuit intended to block a small-scale deal between agricultural giants John Deere and Monsanto is putting an Iowa Read More
BusinessClimate Corp. Acquires European FMIS Company
November 21, 2016
Today, The Climate Corp., a subsidiary of Monsanto Co., announced the acquisition of VitalFields, a European farm management software company Read More
BusinessFarmobile Releases Mobile Data Visualization Dashboard
November 17, 2016
Farmobile today announced an EFR Dashboard, a real-time dashboard that helps farmers visualize their field data and derive insights to Read More
Southern States
Best PracticesSouthern States: 5 Tips for Variable-Rate Seeding Succe…
November 15, 2016
Success comes from taking advantage of every opportunity you can. One technique used in precision farming, called variable rate seeding, Read More
USDA UAV
Hort TechHigh-Tech Agriculture Continues To Reap Rewards For Far…
November 11, 2016
Just like a smartphone helps users learn, communicate and make important decisions, smart technology — known as precision agriculture — Read More
THRIVE
BusinessCall For Ag Tech Startups: Apply To THRIVE’s Open…
November 10, 2016
THRIVE is looking for high growth ag tech companies with an in-market solution that are positioned to scale. The top 50 Read More