Farming? There”s an app for that, says Turner Investments commentary

According to the analysts, farmers, as part of today’s precision-agriculture movement, are “as likely to be wielding an iPhone as a pitchfork.” Precision agriculture uses global-positioning satellites, database management, and digital imagery, among other technology, to help farmers make more exact decisions about planting seeds, irrigating crops, and applying fertilizer. In turn, fields produce higher crop yields at lower costs, using more environmentally-friendly methods.

The analysts identify three companies that offer farm equipment, seeds, technology, or services that they believe are particularly well positioned to benefit from the growth of precision agriculture: Deere, Monsanto, and Trimble Navigation.

Turner Investments refers to Turner Investments, L. P., its subsidiaries, and affiliates. Nothing presented should be considered to be an offer to provide any Turner product or service in any jurisdiction that would be unlawful under the securities laws of that jurisdiction.

Turner Investments, founded in 1990, is an investment firm based in Berwyn, Pennsylvania. As of September 30, 2012, we managed more than $11 billion in stocks in separately managed accounts and mutual funds for institutions and individuals.

As of November 30, 2012, Turner held in client accounts 327,380 shares of Deere, 705,555 shares of Monsanto, and 1 million shares of Trimble Navigation.