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
  • Prepping for a Pest USDA has released a new set of pest response guidelines for Helicoverpa armigera, the voracious g...
  • Racing the Clock For Brian Marshall, the clock starts the minute a new calf hits the ground. Within the first four...
  • Hay Baling Safety Important Looking at it as a sporting event, mid-July is the halftime of the hay baling season in most of t...
  • Study Your Farm Bill Options Feeding the world population won't be as hard as expected over the next decade some experts forec...
  • Weathering the Drought Parts of the panhandle and western Oklahoma are still considered as being in extreme or exception...
  • Clearing the Air EPA Administrator Gina McCarthy told a group of agribusiness representatives that her agency want...
  • Klinefelter: By the Numbers Peak prices since 2007 didn't slow megafarm consolidation. Mid-size operators may need to collabo...
  • Corn's Hidden Highways Scientists are rewriting the route to better hybrids.
  • Ask the Vet Before implanting heifers that will be bred, consult with a veterinarian to be sure fertility won...
Related News Stories
Minding Ag's Business
Minding Ag's Business
Bunge Profits Soar on Strong Ag Sales
Ag Interest Rate Snapshot
Check and Certify
Klinefelter: By the Numbers
Minding Ag's Business
Minding Ag's Business
Senior Partners - 3