Trimble on 28 September, announced a definitive agreement to form a joint venture (JV) with AGCO to better serve farmers with factory fit and aftermarket applications in the mixed fleet precision agriculture market
Aligning two leading companies, the JV’s technology is expected to offer customers seamless integration and connectivity across geographies, equipment brands and the crop life cycle. For dealers on the other hand, it is expected to better serve farmers with a broad, complementary, and leading technology portfolio.
Under the terms of the JV, Trimble will contribute its precision agriculture business, excluding certain Global Navigation Satellite System (GNSS) and guidance technologies, while AGCO will contribute its JCA Technologies business, which is a leader in the development of autonomous software for agricultural machines, implement controls and electronic system components.
In aggregate, Trimble expects approximately US$3bn in value from the transaction from pre-tax cash proceeds, Trimble's 15% stake in the joint venture, and the related commercial agreements.
Following completion of the transaction, Trimble will continue to deliver its differentiated technologies at the intersection of the physical and digital worlds across its core businesses.
The transaction is expected to result in significant benefits to Trimble, including simplification of connect and scale strategy; enhancement of financial profile and flexibility; and a de-risking of Trimble’s channel transition in the agriculture market.
The Food and Agriculture Organisation of the United Nations (FAO) is providing technical assistance to strengthen the national capacity to manage Invasive Alien Species (IAS) in Zimbabwe under the framework of the European Union-funded ACP-MEAs 3 project
Nature's Miracle Holdings Inc., leader in the controlled environment agriculture industry, on 27 September announced its entry into a non-binding memorandum of understanding (MoU) with PowerGrow Inc. to further agricultural revolution with a sustainable ecosystem of food and energy infrastructure
The objective of the MoU is to work cooperatively to develop a nationwide portfolio of clean energy enclosed greenhouses containing indoor grow, processing and packaging spaces and incorporate 10 MW to 40 MW of clean power generation systems.
The high-tech, clean energy powered enclosed greenhouse and packaging facilities, are expected to incorporate advanced LED lighting; packaging, washing and cooling facilities; automated watering and fertilising and harvesting systems; control software, sensors and advanced AI-based solutions; and other novel, leading-edge agritech solutions.
"We are excited to work with PowerGrow to make agriculture more sustainable with advance technologies and clean energy," said Tie 'James' Li, founder, chairman and CEO of Nature's Miracle.
"By working with Nature's Miracle, we are getting closer to living at the nexus of water, waste, energy and food," said Sean Lyle, CEO and co-founder of PowerGrow. "We believed in a shared goal of a world where growers can deliver healthier, locally grown produce in a sustainable manner that optimises land use, limits water consumption and increases crop yields while generating minimal waste."
The Government of Zimbabwe, the Food and Agriculture Organisation of the United Nations (FAO) and UNICEF are implementing an integrated resilience building European Union funded project entitled: ‘Enhanced Resilience for Vulnerable Households in Zimbabwe,’ (ERVHIZ) which was initiated in 2020
Owing to their common objective, the Minister of Agriculture and Food Security, Senator Abubakar Kyari on behalf of the Federal Government with Cuba, has signed a Memorandum of Understanding (MoU) on food security and agriculture advancement, during the G77+ China Leaders’ Summit