NEWS
Minding Ag's Business
Marcia Zarley Taylor DTN Executive Editor
Thu Oct 3, 2013 04:17 PM CDT

The announcement that Monsanto will acquire high-tech weather insurer Climate Corporation for $930 million could fill the missing link in the seed company's fledgling prescription farming business, as DTN Editor-in-Chief Greg Horstmeier and I reported yesterday.

It's clear the company priced its offer based on Climate Corporation's weather analytics, not as a pure insurance deal. As recently as 2010, Swiss insurer ACE paid $1.1 billion for its remaining 80% stake in one of the "jewels in the crown" of crop insurance, Rain and Hail. It is the second largest crop insurer and promised to give ACE a better than 15% ...

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