Precision Agriculture Taking Root With Drones, AgBio Technology
Summary
A drone can identify a target in the field—a pest, a disease, or a nutrient problem, says Rick DeRose, global expert, technology acquisition for Syngenta Biotechnology.Among the Durham, NC company’s partners is Syngenta (NYSE: SYT), which has used Precision’s technology to insert genes into the corn genome.Bioagricultural companies are also ramping up their research efforts in agricultural microbials, tiny organisms naturally found in the soil that can have beneficial effects on plants.Denmark-based Novozymes, which has its North American headquarters in Franklinton, NC, has partnered with Monsanto (NYSE: MON) to research, develop, and commercialize new agricultural microbials.Raleigh, NC startup PrecisionHawk in September closed a $10 million Series B round led by Millennium Technology Value Partners.
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