date:May 26, 2012
The agreement also includes a performance-based payment of up to $40m.
Following the acquisition, Precision Planting will become a part of Monsanto's Integrated Farming Systems unit, which utilizes advanced agronomic practices, seed genetics and innovative on-farm technology to deliver optimal yield to farmers while using fewer resources.
The operations of Precision Planting will remain in Tremont, Illinois, and all Precision employees will be offered their continued jobs in Tremont. The trans