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

A new era in biostimulants and bionutritionals

Video: A new era in biostimulants and bionutritionals


In response to the growing need for efficient, effective biosolutions, HGS BioScience continues to expand its footprint in the bionutritional and biostimulant market with the acquisition of NutriAg, Ltd. The Paine Schwartz Partners-backed HGS BioScience is a global leader in humic and fulvic acid products. Toronto-based NutriAg is an innovator in bionutritional technologies with a deep R&D engine. North American growers and retailers will benefit from:

• Solutions across the biostimulant spectrum - including humics, fulvics, bionutritionals, carbohydrate chelation, amino acids, plant and seaweed extracts, and microbial technologies.
• A portfolio and R&D pipeline of science-backed solutions proven to drive crop productivity and farm profitability.
• Actionable nutrient insights and recommendations based on data specific to their farm and cropping goals with the NutriAnalytics platform