Weather analytics specialist snapped up in $1bn agriculture deal

The company specializes in hyper-local weather monitoring, agronomic data modelling, and high-resolution weather simulations for farmers but also sells specialize insurance that pays farmers automatically for bad weather that may impact their profits.

Monsanto to Acquire The Climate Corporation, Combination to Provide Farmers with Broad Suite of Tools Offering Greater On-Farm Insights

The combined capabilities will immediately expand both the near- and long-term growth opportunities of Monsanto’s Integrated Farming Systems platform and research and development pipeline in the coming years.

Longer-term, the combination is expected to broaden the product choices available to farmers beyond Monsanto’s current row crop and vegetable portfolio, both inside and outside of the United States. This includes the delivery of insight and decision-support tools that could increase agriculture productivity on a billion planted acres around the globe.