The group will invest $100k into each business and spend nine months mentoring, training and supporting them.

Mitsui joins FarmersEdge investor Kleiner Perkins, who announced partnership in early November 2014.

FarmersEdge announced today it has received an investment from Kleiner Perkins Caufield & Byers’ Green Growth Fund. With operations around the world, Farmers Edge provides a plug and play technology solution that helps farmers optimize crop inputs and maximize yield. The investment from Kleiner Perkins will fund expansion of Farmers Edge’s technology platform and support the Company’s continued growth in international markets.

Drones could soon mean big savings for the North Carolina agriculture industry, reports Mike Gonzalez for WNCN News in Raleigh, NC..

FarmersEdge has announced a joint venture with FarmCommand, a ISOBUS, M2M and telematics provider. This investment will leave FarmersEdge with controlling interest.

Does precision farming – and controlled traffic operations in particular – demand big investment in electronics technology and new machinery? Not necessarily, says Julian Gold, farm manager at the Hendred Estate in Oxfordshire.

Current estimates are that the size of the precision agriculture market investments in the U.S. by producers and service providers using precision ag technology will be growing by at least 13 percent per year during the next five years to reach $3 billion to $3.5 billion.

Some big investors are looking at Ag’s new opportunities to be had. Just a few months ago, Monsanto bought Climate Corp for a whopping $930 million. More recently, Horizons Ventures, the investment firm of the big-hitting Chinese investor Li Ka Shing, invested in Kaiima, an Israeli biotech company that raised $65 million from investors. There’s lots of room to grow, and therefore, lots to learn.

Reuters is reporting that Phil Falcone's Harbinger Capital has sued tractor maker Deere & Co and companies in the Global Positioning System industry for damages of $1.9 billion as it hopes to recoup its investment in bankrupt wireless company LightSquared, court papers show.

Farmers gradually have been increasing their use of precision-ag technologies, such as yield monitors, GPS autosteering and variable rate technologies, says a USDA ag economist.