Food production is a global effort, and officials at The Climate Corporation, a subsidiary of Monsanto Company, say they are willing to cross borders for good business opportunities. Climate recently announced it has acquired VitalFields, a farm management software company based in Estonia.
VitalFields allows farmers to plan, manage and analyze all field activities. It simplifies farmers’ ability to track and report all of their crop inputs digitally, which helps them show compliance with EU environmental standards.
“In Europe, farm income is largely tied to how farmers comply with regulatory requirements,” says Mike Stern, chief executive officer for Climate. “That’s a very manual task right now. VitalFields is very important to growers in that area.”
What’s more, VitalFields will complement the Climate FieldView platform and help the company grow its footprint in Europe, Stern adds. Climate FieldView is currently used on more than 95 million acres in the U.S. and Brazil. The company says acquisitions of companies such as VitalFields will make it competitive in even more areas.
“We’re looking globally for unique companies that can bring us new technologies and new geographies,” Stern says.
For more information, visit www.climate.com.