Farms.com Home   Ag Industry News

Monsanto Buys Climate Crop

Monsanto Buys Climate Crop

By Amanda Brodhagen, Farms.com

The world’s largest agribusiness company – Monsanto announced Wednesday that it bought Climate Corporation. The company’s press release says the deal was $930 million, while investors are saying the actual price is around the $1 billion mark.

In addition to the acquisition announcement, Monsanto also reported a larger-than-expected fourth quarter loss of $249 million, $0.47 per share. Purchasing Climate Corp is part of a strategic move, which will help Monsanto manage risk better.

Climate Corp technology uses machine learning to predict weather for agribusiness purposes. Some of the technology can predict how climate variability affects different crops. Monsanto will now be able to leverage Climate’s full suite of products. A full list of products can be found here. Climate’s cofounders were early Google employees.
 


Trending Video

Spring weed control in winter wheat with Broadway® Star (pyroxsulam + florasulam)

Video: Spring weed control in winter wheat with Broadway® Star (pyroxsulam + florasulam)

#CortevaTalks brings you a short update with Cereal Herbicides Category Manager, Alister McRobbie, on how to get the most out of Broadway® Star.

Significant populations of grassweeds, including ryegrass and brome, can threaten winter wheat yields. Spring applications of a contact graminicide, such as Broadway Star from Corteva Agriscience, can clear problem weeds, allowing crops to grow away in the spring.

Broadway Star (pyroxsulam + florasulam) controls ryegrass, sterile brome, wild oats and a range of broad-leaved weeds such as cleavers. It can be applied to winter wheat up until GS32, but the earlier the application is made, the smaller the weed, and the greater the benefit to the crop. Weeds should be actively growing. A good rule of thumb is that if your grass needs cutting, conditions are right to apply Broadway Star.

 

Comments


Your email address will not be published