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
  • Stay on Top of SDS The distinctive yellow patches of sudden death syndrome (SDS) are surfacing in soybean fields acr...
  • Cattle Market There may be a little less bull in this fall's calf market, but the fundamentals still spell oppo...
  • Precision Ag Potential Pending Precision agriculture proponents insist the industry can revolutionize agriculture, but first mor...
  • Cash Rent Reset - 2 Iowa farmland owners Fred and Lodean Cook may consider flexible cash leases for the first time th...
  • Iowa Land Gets a Bounce Key Midwest land values are stuck in neutral or sliding below 2014 levels, recently released opin...
  • Canadian Dairy Conundrum Coping with Canada's dairy industry import tariffs and supply controls remains one of the stickin...
  • Senior Partners - 5 This fatherly financial advice is meant to prevent heartaches should the farm economy suffer anot...
  • Ask the Taxman by Andy Biebl CPA Andy Biebl answers readers' questions on depreciation recapture, defining a "true" lease and ...
  • Ask the Vet Does my calf have a hernia and is it repairable?
Related News Stories
State of the Industry
Ag Interest Rate Snapshot
Railroads Gear Up for Harvest
Cash Rent Reset - 3
Senior Partners - 5
Net Farm Income Falling Fast
Monsanto Calls Off Hunt
Monsanto Calls Off Hunt
Monsanto Nixes Syngenta Bid
View From the Cab