Monsanto Buys Weather Data Firm

Photo courtesy of St. Louis Business Journal
Photo courtesy of St. Louis Business Journal

Monsanto Co., the world’s largest seed company, agreed to buy The Climate Corp. for about $930 million to provide farmers with weather data and farm modeling to help them boost yields and manage risk.

Monsanto said Climate Corp. was founded in 2006 by software engineers and data scientists who previously worked at Google Inc. and other Silicon Valley technology companies. Monsanto, based in Creve Coeur, is building on its core business selling genetically modified crop seeds and associated herbicides, adding data to boost harvests through seed choice and pesticide timing.

Wednesday’s acquisition, the company’s largest in seven years, will be combined with last year’s $210 million purchase of Precision Planting LLC, which developed an iPad interface farmers use in their tractors to adjust planting rates.

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