Benzinga | Nov 17, 2021 12:02PM EST

Microsoft, Bayer Collaborate To Develop Digital Agricultural Tools, Capabilities

* Microsoft Corp (NASDAQ:MSFT) and Bayer AG (OTC:BAYRY) (OTC:BAYZF) collaborated on new internet-based products aimed at helping farmers and industries tied to agriculture. The financial terms of the arrangement remain undisclosed.

* Bayer is partnering with Microsoft to develop digital tools and data science capabilities for agricultural businesses and associated industries.

* They aim to help startups to global businesses in farming operations, sustainable sourcing, manufacturing, supply-chain improvement, and measuring environmental, social, and governance efforts.

* Bayer aims to help companies better process satellite imagery and track farm inputs and practices to follow environmental regulations, Bloomberg reports.

* Bayer has been investing in more sustainable farming research but sees more work needed to optimize the entire food, feed, fuel, and fiber value chain amid a global push to combat climate change.

* Bayer will also migrate its digital farming core capabilities to the new infrastructure for its customer-facing solutions.

* Price Action: MSFT shares traded higher by 0.77% at $342.12 on the last check Wednesday.