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When data meets agriculture: Monsanto to buy Climate Corp. for $930M — Tech News and Analysis
Oct. 2, 2013 | GigaOM | By Stacey Higginbotham.

Monsanto, the giant agricultural company, says it will acquire data analytics firm the Climate Corp. in a cash deal valued at $930 million. This deal is an obvious extension of data analytics into the world of big agriculture, but it’s also a perfect example of how the combo of data and the internet of things is going to disrupt established industries in a way that traditional computing never could.

Climate Corp offered targeted insurance policies to farmers that incorporated all sorts of data about historical and current agriculture and weather....as climate change disrupts historical weather patterns, this boosts the risks to farmers that weather events might destroy crops, but it also changes the types of crops they should plant. Thus the data analysis that Climate Corp. offers is not only valuable to farmers today, but also to Monsanto as it tries to create crops that will thrive as the climate changes.
data  Monsanto  Climate_Corporation  agriculture  farming  weather  insurance  climate_change  risks  risk-management 
january 2014 by jerryking
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