FARM BUSINESS NEWS
Monsanto-Climate Corp. Marriage
Wed Oct 2, 2013 03:29 PM CDT

HADDONFIELD, N.J. (DTN) -- The announcement that Monsanto will acquire high-tech weather insurer Climate Corporation for nearly $1 billion could fill the missing link in the seed company's fledgling prescription farming business, company executives say.

Climate Corporation is best known for applying Silicon Valley-style algorithms to the stuffy U.S. crop insurance industry, then selling policies insuring against perils like drought, excess rain or heat at pollination. That was a departure from traditional government-subsidized insurance based on actual yields and futures prices to determine insurance claims.

When forecasting ...

Quick View
  • Crop Tech Corner In this week's Crop Tech Corner, a community of Arkansas farmers have successfully banded togethe...
  • Market News AgriClear is not an auction, but an online digital sales floor where buyers and sellers negotiate...
  • UAS Research Takes Off Key members of the House and Senate last week praised the Federal Aviation Administration for sel...
  • "Total Market Isn't Dead" Used equipment inventories are escalating.
  • Rain, Rain, Go Away Waterlogged and flooded fields in much of the Midwest are putting corn and soybean fields at risk...
  • Feds to Examine Biotech Rules In a memo to USDA, FDA and EPA, the White House stated that a review of biotech regulations was n...
  • Evolution of Farm Kid Jobs DTN Staff Reporter Russ Quinn reflects on the farm activities of his youth that his children will...
  • IARC: Possible 2,4-D Cancer Link The International Agency for Research on Cancer has classified the herbicide 2,4-D as possibly ca...
  • Ask the Vet How do I know what minerals my cows need and how much?
Related News Stories
Market Matters
Ag Interest Rate Snapshot
Minding Ag's Business
Minding Ag's Business
Minding Ag's Business
Monsanto Earnings Rise
Minding Ag's Business
Labor Pains - 1