Bosch and BASF Digital Farming have signed a 50:50 joint venture agreement to globally market and sell agtech solutions from a single source including the founding of a new company in Germany next year
Bosch will provide hardware, software and digital services while BASF Digital Farming, the agtech arm of chemical giant BASF, will supply the automation and platform solutions for farm management and sustainable growing.
Under the agreement, signed last week, a new yet to be named company will be founded in Cologne in the first quarter of 2021. Financial details of the agreement are not being disclosed.
The first agtech products to be released are an “Intelligent Planting Solution”, which optimises seeding and fertilizing prescriptions; and “Smart Spraying”, which uses camera sensors to automate the actual spraying, potentially reducing herbicide use by 70 per cent.
The solutions will launch on a “limited number of machines” next year starting in Brazil followed by Europe and North America.
The companies say both products have already been extensively tested in real growing environments.
Bosch is a major shareholder in Australian Agtech The Yield, which uses IoT sensors and climate data to forecast growing conditions and harvests.
“Thanks to connecting agricultural machinery using high-tech sensors, intelligent software and digital products, we can make tomorrow’s agriculture more efficient and at the same time more environmentally friendly,” said Andrew Allen, responsible for commercial vehicles and off-road business at Robert Bosch GmbH.
“Both companies are committed to investing time, resources and funding in joint activities that will lead to the development of new sustainable, precision technologies that improve agricultural practices and outcomes,” said Vincent Gros, president of BASF’s agricultural solutions division.