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Planet and BASF Digital Farming Expand Strategic Partnership to Enhance Smart Farming Solutions From Space

SAN FRANCISCO, May 21, 2024--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced it has expanded its existing commercial partnership with BASF Digital Farming GmbH. Through this strategic partnership, BASF Digital Farming is growing its use of Planet satellite data products to power its advanced digital farming products and services from its xarvio® Digital Farming Solutions brand.

Planet owns and operates the world’s largest constellation of Earth observation imaging satellites, providing near-daily data and insights regarding global patterns of environmental and industrial change. With demand for food supply steadily increasing, companies are looking to move towards more sustainable and efficient farming solutions. Working with Planet, BASF has embraced the digital agriculture revolution, building new solutions and services to increase sustainability, both economically and environmentally, for growers.

"We are in a critical time for sustainable agriculture. High-cadence satellite data can provide revolutionary solutions to advance precision farming, yield estimation, and seed selection," said Will Marshall, Planet Co-founder and CEO. "By expanding this strategic partnership with BASF, a global leader in the digital farming industry, we look forward to powering novel and effective tools to enable growers to get the best crop yields in the most sustainable and efficient ways."

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Through this partnership, BASF is expanding its use of Planet’s Crop Biomass Planetary Variable product, a cloud-free, analysis-ready data feed, combining radar and optical signals to help agronomists and farmers better understand the status of their fields, enabling more efficient and targeted use of crop inputs to optimize production. BASF is also increasing its use of Planet’s monitoring data product, PlanetScope, which provides near-daily imagery of all agricultural fields around the world at 3.5 m resolution, complementing the insights from Crop Biomass by providing high-cadence imagery for small fields.

The combination of Planet’s two data sources provides the highest level of operational reliability for BASF Digital Farming’s xarvio® FIELD MANAGER, an advanced crop optimization platform that delivers independent, timely, field and sub-field agronomic advice to optimize yield and profitability for more than 100,000 registered users worldwide. For BASF, global operational reliability is critical, with swiftness and stability required to support crop production on millions of hectares across multiple continents daily.

"At BASF Digital Farming, our focus is on providing farmers and advisors with innovative products and services from xarvio that make crop production more efficient, profitable, and sustainable. Using Planet’s satellite data and Planetary Variable products we can continue to deliver measurable benefits, and through the expanded partnership we can scale that impact," said Dr. Thomas Schilling, Managing Director and Global Head of Platform Engineering, BASF Digital Farming.

BASF leverages Planet’s satellite data and services to also provide insights and recommendations during the growing season including variable rate seeding, variable rate fertilizer, and variable rate fungicide use for a range of crops including wheat, soy, corn, cotton, and rice. Analytics derived from Planet’s near-daily imagery have enabled BASF to support growers to sustain expected yields, while making more efficient use of crop protection products since 2020.

To learn more about how Planet data powers agricultural solutions, visit Planet’s Agriculture Industry page.

About Planet

Planet is a 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. Planet provides mission-critical data, advanced insights, and software solutions to over 1,000 customers, comprising 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 is a public benefit corporation listed on the New York Stock Exchange as PL. To learn more visit www.planet.com and follow us on X (formerly known as Twitter).

About xarvio® Digital Farming Solutions – a brand by BASF Digital Farming GmbH

xarvio® Digital Farming Solutions is at the forefront of the digital transformation of agriculture, optimizing crop production. Its products, xarvio® FIELD MANAGER and xarvio® HEALTHY FIELDS, use an advanced crop modelling platform to provide independent, timely and field-specific agronomic advice. xarvio’s proven technology consistently delivers measurable benefits for farmers, helping them to produce crops more efficiently, sustainably, and profitably. More than 100,000 farmers and consultants across seven countries worldwide have signed-up for xarvio® FIELD MANAGER, setting-up a field area greater than 19 million hectares. For more information, please visit www.xarvio.com or any of our social media channels.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240521138032/en/

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Planet Press
Lauren Neville
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Planet Investor Relations
Chris Genualdi, Cleo Palmer-Poroner
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