Pivot Bio, an agriculture firm valued at about $2 billion, is moving its headquarters to the Twin Cities so it can operate closer to the crops its cleaner-and-cheaper fertilizer alternative treats.
Previously based in California, Pivot makes invisible-to-the-eye bacteria that allow plants to absorb vital nitrogen without leaching it into the environment when it rains, unlike common fertilizer. Farmers have used this product, which is cheaper than synthetic nitrogen, on more than 15 million corn acres and several hundred thousand acres of Minnesota farmland, CEO Chris Abbott said…