The Climate Corporation Announces Record Adoption of Digital Agronomic Services Platform
Proof Farmers Believe Digital Tools Can Help Them Sustainably Increase Crop Production
SAN FRANCISCO (June 24, 2015) - Today, The Climate Corporation, a division of Monsanto Company (NYSE: MON), announced that farmers have mapped more than 75 million row crop acres in their digital agriculture platform, up from 50 million acres in 2014. This significant acre adoption represents nearly 45 percent of all corn and soybean acres planted in the U.S. The company's digital agriculture platform includes Climate Basic™, Climate Pro™ and FieldView® from Precision Planting. The company also announced Climate Pro, their premium web and mobile product offering, has grown considerably from its initial launch from 1 million acres last year to more than 5 million acres this year across the U.S.
Together these tools provide one account with multiple product offerings and access points. The farmer can log in on a tablet from his tractor, on a mobile phone as he scouts his fields, or on his desktop computer.
The company emphasized the importance of farmer adoption to the future success of this emerging platform. "The interest we've seen from farmers this year in our digital platform reinforces the impact these tools ultimately can have on our industry," said Mike Stern, President and Chief Operating Officer for The Climate Corporation. "We want to be the digital platform of choice for farmers, and our growth this year is evidence that we're well on that path," said Stern.
Tim Malterer farms in Janesville, Minnesota and has experienced The Climate Corporation's digital platform firsthand. "I have been using FieldView from Precision Planting on my farm for three years, and Climate Pro for two years, and I can't even count the numerous insights these two products have brought to my operation," said Malterer. "We have had great success using the Nitrogen Advisor in Climate Pro so far and are excited to utilize it to better manage how much nitrogen we need on a field-by-field basis. I am very excited as we move forward to see what new insights this unique technology will bring to my farm, and to watch it adapt and grow as my operation grows."
Backed by the most powerful data science engine and extensive field trial network in the agriculture industry, the Climate Technology Platform™ combines data science with field science to feed and validate the predictive models that power the tools offered through the company's digital ag platform.
This season, The Climate Corporation has field experiments on more than 25,000 acres in 17 states across the U.S., including four Climate Research Farms across key corn growing states.
"As we continue to expand the extensive data and field science engine that powers our digital tools, we see tremendous potential for this platform to grow, providing additional solutions for farmers that help them increase production and use resources more efficiently," Stern added.
To learn more about the services offered by The Climate Corporation, visit www.climate.com.
About The Climate Corporation
The Climate Corporation, a division of Monsanto Company, aims to help farmers around the world protect and improve their farming operations with uniquely powerful software, hardware and insurance products. The company's proprietary Climate Technology Platform combines hyper-local weather monitoring, agronomic modeling, and high-resolution weather simulations to deliver Climate Basic™ and Climate Pro™, online and mobile SaaS solutions that help farmers improve profitability by making better informed operating and financing decisions. Through its exclusive relationship with OneBeacon the company is also an authorized provider of the U.S. Federal crop insurance program, enabling authorized independent crop insurance agents to provide farmers with the industry's most powerful full-stack risk management solution. The company's unique technologies help the global agriculture industry to stabilize and improve profits and, ultimately, help feed the world. For more information, please visit www.climate.com or follow the company on Twitter @climatecorp. Climate Crop Insurance Agency LLC is an equal opportunity provider.