The Dow Chemical Company
) wholly-owned subsidiary, Dow AgroSciences LLC, and
Deere & Company
), 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
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).
Other companies in the chemical industry worth considering are
Asahi Kasei Corp.
Johnson Matthey plc
). Both hold a Zacks Rank #1 (Strong Buy).
ASAHI KASEI CP (AHKSY): Get Free Report
DEERE & CO (DE): Free Stock Analysis
DOW CHEMICAL (DOW): Free Stock Analysis
JOHNSON MATTHEY (JMPLY): Get Free Report
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