Microsoft Corporation (NASDAQ: MSFT) and Land O’Lakes announced a strategic alliance to develop new innovations in agriculture and enhance the supply chain. This includes expanding sustainability practices for farmers and the food system. According to the U.S. Department of Agriculture, U.S. farms contribute more than $130 billion to the economy, emphasizing the critical role farmers play in our nation’s food supply.
“Land O’Lakes is one of the most important food suppliers in the U.S., and our nation’s farmers and consumers rely on its ability to rapidly adapt to changing market forces through innovation,” said Satya Nadella, CEO, Microsoft. “Through our partnership, we will apply the power of Azure and its AI capabilities to help Land O’Lakes solve some of the most pressing challenges facing the industry and bridge the divide between rural and urban communities.”
“As America’s farmers continue to deliver the world’s safest, most affordable food supply, they face an increasing number of obstacles that are beyond their control. The data-based, precision agriculture tools that we are building with Microsoft will provide the edge they need, but unreliable or nonexistent high-speed internet in rural areas keeps these tools out of reach for many. Through this alliance, we will work to address this need and help farmers remain profitable and sustainable,” said Beth Ford, president and CEO of Land O’Lakes, Inc.
Land O’Lakes, Inc., one of America’s premier agribusiness and food companies, is a member-owned cooperative with industry-leading operations that span the spectrum from agricultural production to consumer foods. With 2019 annual sales of $14 billion, Land O’Lakes is one of the nation’s largest cooperatives, ranking 232 on the Fortune 500.