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
Related News Stories
Agricultural Adventure
Ag Interest Rate Snapshot
CHS Expanding Propane Storage
Rags to Riches
DTN Retail Fertilizer Trends
Cost of Carry Calculation
Cargill Earnings Fall 28%
I-9 Audits Under Fire
Woodbury: Family Business Matters
Minding Ag's Business