Planet, a leading provider of daily data and insights about
Earth, today announced that it has recently entered a new
three-year agreement with Corteva Agriscience to continue building
and implementing their joint solutions. For the last four years,
Planet and Corteva, a global pure-play agriculture company that
provides a diverse mix of seed, crop protection and digital
solutions to farmers around the world, have been building and
providing joint solutions to growers allowing them to more
seamlessly monitor crop health and boost productivity. In July
2021, Planet entered into a definitive merger agreement with dMY
Technology Group, Inc. IV (NYSE: DMYQ), a special purpose
acquisition company, to become a publicly traded company.
The collaboration began even before the formation of Corteva
Agriscience and has grown in large part due to the collaboration
and the chance Corteva Agriscience and Planet took on one
another.
“If we look back at the beginning, the focus was about how we
were going to create value for the agriculture industry together,
specifically, for the grower. Today, we still have that same
mentality that we are figuring it out together,” said John
Davidson, Senior Director of Product at Granular, a wholly owned
subsidiary of Corteva Agriscience.
To date, the companies have accelerated technology offerings
side-by-side, working together and co-developing big ideas and
visions to create a mutually beneficial relationship.
“It’s been about collaboration and that spirit of trying to
achieve and create unique value into the agriculture sector,” said
Davidson.
“It is hard to do what Planet is doing. There are a lot of
hurdles to getting so many satellites in orbit. Beyond that, we
have walked into this collaboration with a strong set of
expectations. We have numerous use cases that echo our customers’
needs and have pushed Planet to meet the requirements for data to
serve those use cases,” Dr. Christopher Seifert, Vice President of
Data Science at Granular.
One of the ways this collaboration has grown is through the
sheer scale of imagery Corteva consumes, here Corteva has played a
key role in pushing Planet to expand its scale on a daily basis
across all industries.
“We may not be the largest consumer, but on a daily scale basis,
I think we are consistently pushing the limits of the scalability
of the services,” said Davidson.
During this time, Planet has scaled not only its offerings but
also the customer base as well, serving more than 600 customers and
200 partners, always keeping the customer experience at the
forefront. This relationship has enabled both companies to expand
as big players in each of their respective markets. Through the
years, Corteva and Planet have collaborated to optimize Planet’s
products and data for the greatest output.
“We're definitely maturing in the view of where Planet data is
the best fit for much of what we’re doing. Research and development
(R&D) has driven some of that, previous geographic expansion of
the offerings has also driven some of that. It took us a while to
get moving and really consume a lot of the Planet data and figuring
out how to leverage it, and then it took off pretty quickly,” said
Seifert.
“Right now, we're using Planet imagery in Argentina, Brazil, the
EU, Canada, and all over the world with some of our seed production
as well, said Davidson.
Since the Corteva team has shown the growers how to look at the
data, the number of applications from the growers and farmers has
grown substantially. As a farm operation becomes larger or more
geographically spaced out, the ability to see what is going on
quickly becomes important.
“A lot of our farmers have many thousands of acres that they're
working with and they may be spread out over multiple counties.
They're trying to understand and figure out what to do very
quickly. Both PlanetScope and SkySat enable growers to see what is
happening and detect actual problems,” said Davidson.
“And this is what we do with our directed scouting product:
enable growers to detect changes in their fields to help them
understand what is going on and which ones to tend to first. Being
able to go and be that trusted advisor for the farmers that they
work with is critical. This is one of the tools that they must be
ahead of the game. It allows them to use their time more wisely and
pinpoint the areas most critical to look at,” said Seifert.
For growers, the most crucial data to pair with satellite data
is historical yield data.
“Growers can see the differences in their fields versus where it
was a few days ago or a week ago and determine if the field is
historically high-performing, or low-performing. Having that
knowledge in Granular® Insights™ is exceedingly useful as well as
planted data. To know what you planted in various places and see if
there's some troubleshooting you can do. Every additional data
layer that you can add to Planet data is a way of troubleshooting
problems that you might be seeing,” said Davidson.
‘You can look at Planet on one side and you can look at what
crops you planted or even look at the historical harvest without
ever stepping foot in the fields. It's pretty miraculous just
looking at all this data they have and being able to process it
really quickly and understand how it all fits together,” added
Davidson.
“We're tracking large swaths of the planet on a daily basis to
detect changes as quickly as possible. There are parts of the world
that are exceptionally cloudy and so being able to pull different
data sets together creates the potential for real value. Using
fusion to fix those problems could open up some very productive
parts of the globe for us,” said Seifert.
“Planet, with its innovation and setting up smaller satellites
to get more frequent data collection, helps boost the ability to
innovate and to help provide value for farmers in a number of
areas.,” said Seifert.
Through this collaboration, Corteva and Planet have maintained a
strict focus on enabling progress in the agriculture sector. With
this shared focus, Planet continues to expand its offerings to new
and existing markets, making change visible, accessible, and
actional to industries across the globe.
About Planet
Planet is the leading provider of global, daily satellite
imagery and geospatial solutions. Planet is driven by a mission to
image the world every day, and make change visible, accessible and
actionable. Founded in 2010 by three NASA scientists, Planet
designs, builds, and operates the largest Earth observation fleet
of imaging satellites, capturing and compiling data from over 3
million images per day. Planet provides mission-critical data,
advanced insights, and software solutions to over 600 customers,
comprised of the world’s leading agriculture, forestry,
intelligence, education and finance companies and government
agencies, enabling users to simply and effectively derive unique
value from satellite imagery. Planet recently entered into a
definitive merger agreement with dMY Technology Group, Inc. IV
(NYSE:DMYQ), a special purpose acquisition company, to become a
publicly-traded company. To learn more visit www.planet.com and
follow us on Twitter at @planet.
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version on businesswire.com: https://www.businesswire.com/news/home/20210902005257/en/
Trevor Hammond comms@planet.com
John Christiansen/Cassandra Bujarski Sard Verbinnen & Co
Planet-SVC@sardverb.com
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