Monsanto, Microsoft to invest in agricultural technology in Brazil

Monsanto Co. and Microsoft Corp. have formed a partnership to invest in agricultural technology startups in Brazil.

Monsanto will join a Brazilian investment fund with up to $92 million, managed by Microsoft, evaluating ideas for new digital tools to be applied to agricultural production in the country, executives said Monday.

Selected ideas will receive initial funding of up to $459,000 for early development. Project owners will have the option to pay back the investment after three years or convert the money into equity.

Read more: St. Louis Post-Dispatch

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