LAND O'Lakes Inc. announced Dec. 4 its acquisition of Geosys, a global technology firm that provides satellite imaging and insights to agribusinesses.
The acquisition caps a multiyear relationship between Geosys and Land O'Lakes through its WinField Solutions LLC division, which utilizes select Geosys technologies in the U.S.
"Today's purchase demonstrates Land O'Lakes' leadership in helping to build the farm of the future with cutting-edge concepts and technologies," Land O'Lakes president and chief executive officer Chris Policinski said. "These industry-leading technologies give farmers the tools to make critical decisions to improve yields while reducing their environmental footprint and further help our member cooperatives to leverage proven tools that turn data into decision enablers that drive productivity and sustainable agricultural practices."
WinField will remain a key customer of Geosys. Geosys will continue to develop its customer base and continue its expansion into the U.S. and international agricultural markets.
Precision agriculture allows farmers to use data-driven insights to achieve optimized yields by combining technology, data and agronomic science. This approach enables farmers to customize inputs rather than a one-size-fits-all approach to crop management. WinField's R7 precision agricultural tool utilizes Geosys technology.