The company announced the acquisition of Net Irrigate LLC, an agriculture Internet of Things technology company that provides remote monitoring solutions for irrigation customers.
This year, articles dealing with low water reserves for land used for agricultural purposes, the high prevailing temperatures or climate change in general often carried the title "Drought in Germany." Hand-in-hand with this, the necessity of irrigation is also being discussed with increasing frequency. The consensus is that irrigation is becoming ever more important to safeguard agricultural yields.
Valmont Industries has announced that it has entered into a definitive agreement to acquire the remaining 49% stake in AgSense for a purchase price of approximately $42 million.
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In this episode we look at the potential impact Hurricanes Helene and Milton will have on ag production as well as the dealers and manufacturers in the impacted region.