SOURCE: Farmers Edge

June 19, 2013 14:02 ET

Farmers Edge Acquires Variable Rate Fertilizer Patents and Trademarks From The Mosaic Company

Farmers Edge Acquisition Allows for Development and Growth in Marketplace

WINNIPEG, MB--(Marketwired - June 19, 2013) -  Farmers Edge, provider of nutrient and agronomic management services today announced it has acquired a set of global patents and trademarks from The Mosaic Company (NYSE: MOS). This patented system, known as FieldInsite™, correlates remote sensing imagery with crop yield, which are used to generate site-specific fertilizer recommendations. The system uses an innovative approach that allows farmers to improve profitability and efficiency of their investment in crop nutrients. The system has been used successfully in key agricultural markets such as Canada, the United States, Argentina, and Brazil. Through the acquisition Farmers Edge will continue to expand their growth in providing precision agricultural solutions to farmers worldwide. 

"These patents will enable Farmers Edge to continue our development of variable rate technology across global markets. We look forward to working with the companies currently utilizing the FieldInsite™ system", says Wade Barnes, CEO Farmers Edge.

About Farmer's Edge

Farmers Edge has been in operation since 2005 and provides nutrient management planning and agronomic services to producers on over four million acres in Western Canada, the United States and Russia. Their mission is to make crop production more profitable and sustainable for customers by assisting in the adoption of innovative agricultural practices. With the development and use of advanced tools and technologies, we can protect our global resources and maintain a reliable food supply. For more information on Farmers Edge, visit their website at http://www.farmersedge.ca.

About The Mosaic Company

The Mosaic Company is one of the world's leading producers and marketers of concentrated phosphate and potash crop nutrients. Mosaic is a single-source provider of phosphate and potash fertilizers and feed ingredients for the global agriculture industry. More information on the company is available at www.mosaicco.com.

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