The Dow Chemical Company’s (DOW) wholly-owned subsidiary, Dow AgroSciences LLC, and Deere & Company (DE), popularly known as John Deere, has entered into an agreement to help farmers get more value per acre through the analysis of production data by experts.
Both the parties will work together to develop approaches and technology that will deliver data and provide information to farmers to help them execute site-specific applications to improve yield and manage costs.
Dow AgroSciences in particular will utilize MyJohnDeere’s platform and new cloud-based technologies to deliver customized prescriptions tailored for each farmer’s specific field conditions.
The agreement will bring together production information and analysis from company experts. The channel partners will provide specific product recommendations from a broad portfolio of corn hybrids. This precision will help farmers in managing the inputs effectively and better monitor crop development which will eventually lead to increased yields.
MyJohnDeere, a comprehensive information platform, was introduced by John Deere in 2012. This online platform helps producers improve yield and operational efficiency by enabling the management of equipment data, production data and farm operations. It also allows producers to analyze yield variability, access decision support tools and collaborate with their agronomic advisers to enhance earnings.
Both the partners are committed to optimize agricultural producer’s returns while conforming with the foundational principles of data management and stewardship.
Dow’s profit climbed in the third quarter 2013 on strength across the agriculture, coatings and plastics businesses, and healthy gains from emerging markets.
Dow is benefiting from strong fundamentals in the agriculture and food markets, and is leveraging its North American feedstock advantage. A string of innovative products in its pipeline adds to its strength. However, Dow faces challenges in Western Europe, a still soft construction end market and is exposed to significant pension headwinds.
Dow currently carries a Zacks Rank #3 (Hold).
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Other companies in the chemical industry worth considering are Asahi Kasei Corp.
) and Johnson Matthey plc
). Both hold a Zacks Rank #1 (Strong Buy).
- Basic Materials Industry
- John Deere
- Dow AgroSciences