DuPont, the most valuable U.S. chemical company, is collaborating with Deere to sell software intended to boost crop yields, a move that may challenge Monsanto as it expands into the same area

DuPont Joins Deere on Software in Challenge to Monsanto

DuPont Co. (DD), the most valuable U.S. chemical company, is collaborating with Deere & Co. (DE) to sell software intended to boost crop yields, a move that may challenge Monsanto Co. (MON) as it expands into the same area. DuPont’s Pioneer seed unit will combine its Field360 software with Wireless Data Transfer technology from Deere, the world’s largest maker of agricultural equipment. Uploading data from the field as it’s collected can help growers make better decisions on seeds, fertilizer and other inputs, Wilmington, Delaware-based DuPont said today in a statement.The Deere partnership bolsters DuPont’s farm-data offerings to better compete with Monsanto, the world’s biggest seed company. Monsanto last month bought The Climate Corp. for $930 million to provide farmers with weather and field data, and last year it paid $210 million for Precision Planting LLC to boost yields with variable planting technology.

DuPont uses GPS and tractor data to map such factors as grain moisture, historical yields and nutrient deficiencies. The data allows DuPont to advise growers on seed variety selection, on the timing of planting and harvest and on fields with low yields, said Joe Foresman, DuPont Pioneer director of services.

“What we are doing today with Deere enables us to do that faster,” Foresman said by phone. “The key thing here is speed and getting to a point where a farmer realizes benefits immediately.”

Customer Data

DuPont used customers’ data to map 20 million acres in the past year, including 12 million acres during last year’s harvest and 8 million during spring planting, Foresman said. The company provided 1.5 million acres of variable rate seeding prescriptions through its Field360 product, for which it charges $500 per farm, he said.

DuPont plans to charge more after upgrades to the service are announced early next year, Foresman said. Monsanto next year will start charging $10 per acre for its precision planting product, which improved corn yields 5 to 10 bushels an acre in farmer trials this year, the company said Oct 2.

DuPont doesn’t have an exclusive agreement with Deere and plans to work with other equipment makers, Foresman said. Terms of DuPont’s agreement with Moline, Illinois-based Deere weren’t disclosed.

To contact the reporter on this story: Jack Kaskey in Houston at

About bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (, the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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