FARM BUSINESS NEWS
Monsanto Buys Climate Corp
Wed Oct 2, 2013 08:21 AM CDT

OMAHA (DTN) --- Monsanto Co. it is getting into the weather analytics and crop insurance businesses with the announced purchase Wednesday of The Climate Corporation for $930 million.

The sale reflects the biotech giant is broadening its agricultural portfolio into weather monitoring, agronomic data and weather simulations for farmers.

In a news release, Monsanto stated that buying The Climate Corporation would provide farmers more access to information "about the many factors that affect the success of their crops. The companies' combined capabilities will support greater productivity while using the planet's finite resources more precisely, Monsanto stated.

In June, USDA approved ...

Quick View
  • Betting on Shorter Beans Researchers at the University of Nebraska and Purdue University have pinpointed a gene that produ...
  • Herd Booster In 1935, in an effort to help ranchers hit hard by the Dust Bowl, the U.S. government bought 547 ...
  • Farmers Pivot Back After Storms The majority of center pivots damaged by severe weather earlier this summer in Nebraska are up an...
  • Pick Contingency Plans - 3 As crop prices and insurance coverage swoon, farmers may need to supplement incomes with federal ...
  • Weathering the Drought Parts of the panhandle and western Oklahoma are still considered as being in extreme or exception...
  • AFBF Appeal The American Farm Bureau Federation asked a federal appeals court to reverse a lower court's Sept...
  • Taxlink by Andy Biebl What farmers consider a hedge may be speculation in the eyes of IRS -- and that significantly alt...
  • Woodbury: Family Business Matters Consider whether you want your legacy to be measured by the size of your bank account, your inves...
  • Ask the Vet Some tips on fly control.
Related News Stories
Minding Ag's Business
Minding Ag's Business
Deere to Lay Off 460 on Weak Demand
Farming on the Mother Road - 7
Ag Interest Rate Snapshot
Farming on the Mother Road - 6
View From the Cab
Minding Ag's Business
Woodbury: Farm Family Business
View From the Cab