A memorandum of understanding between Bayer and aerospace technology company Planetary Resources was signed at the end of May detailing Bayer’s intention to perchance any applications or products developed by Planetary Resources from satellite images to develop new agricultural products and make improvements on already existing products.
The collaboration will benefit farmers who are looking for more accurate timing for irrigation systems, planting and replanting dates, as well as assessing their soil’s ability to hold water.
“The sensors from Planetary Resources can become a powerful tool that can provide a new level of information on crops anywhere in the world,” Liam Condon, member of the Board of Management of Bayer AG and head of the Crop Science Division, said. “The combination of Bayer’s scientific and agronomy expertise and Planetary Resources’ unique sensor capability will greatly improve our ability to deliver truly practical intelligence to growers anywhere on the planet.”
Bayer wants these products to be as individualized to the farmer as possible using every piece of data, including data from satellites. Planetary Resources decided to collaborate on this project with Bayer based on Bayer’s reputation for a diverse expertise in agricultural fields.
“We have identified Bayer as a prime partner in the agriculture industry based on their expertise in several fields and anticipate that this collaboration will accelerate technology deployment, product development, and market acceptance,” Planetary Resources CEO Chris Lewicki said. “We are currently conducting airborne Research and Development (R&D) campaigns over a variety of agricultural targets. Bayer is interested in supporting these activities with scientific and agronomic expertise in order to accelerate R&D, product validation and creation.”