To our Precision Planting dealers,

Cindy and I started this company because we found ourselves repeating one phrase - "There's got to be a better way."

For 18 years, we'd learn more about seeds and planters and repeat again . . .  "There's got to be a better way."

We are immensely proud of how this company has played a role in making planters more accurate and making planter operators better managers.  And just as important to us, the company has been the reason for hundreds of farmers and seed dealers to start up a new enterprise that has helped boost their income and boost their family's security.

Today, when we look at planters and planting technology, we still say, "there's got to be a better way."  And we are gearing up to bring new solutions to you, your customers and your friends.

Many of the solutions are things that are very familiar to us - hydraulics and control modules and singulators.  But we know that to really provide the improvements and the changes that are required, we must integrate these equipment solutions with genetics and agronomics.

Our vision is for planting technology that cannot be developed without the intimate knowledge that comes from working with the developers of the genetics and the advanced prescription services.

To make this vision come to life, we need the help of a partner that shares this vision - someone that not only shares this vision but also has history and capability of changing the way we grow corn.

That partner is Monsanto.  And today, I am happy to announce that Precision Planting intends to be acquired by Monsanto.  The Precision Planting team will become 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. 

We understand how Monsanto plans to double corn yields over the next two decades.  They believe they need Precision Planting - and you - to allow their traits and genetics to reach their potential. 

Is this a different path than we planned?  Sure.  We never thought our company would be a part of another company.  We have said no to many companies that have inquired.  But Monsanto is different.  They have a habit of changing agriculture.  We believe in their vision and strategy.  And, we really like the individuals that are leading the charge.  They think like we think.

We are 100% confident that this move allows us to achieve our ultimate goal faster and with a greater likelihood of success.

This announcement means we have signed an agreement with Monsanto.  We expect to close on the purchase by summer.  So right now, there aren't many details to share.  But here are a few key points: