GMO Factory Monsanto's High-Tech Plans to Feed the World – Businessweek

(Before It's News)

Last October, Monsanto announced the $930 million Climate Corp. acquisition. In part an insurance company, Climate Corp. was started in 2006 in San Francisco by two Google (GOOG) engineers as a way to draw on historical weather data to create more accurate, localized forecasts. The founders, David Friedberg and Siraj Khaliq, quickly realized that the business most dependent on the weather was farming and began using their software and the climatological data they’d gathered to offer a new kind of crop insurance. Climate Corp. policies have no claims process: If the company’s models show that the weather over a farmer’s field has been bad enough to hurt yields—too much rain or too little, daytime heat stress or an early freeze—and if that farmer has bought coverage to cover those events, he automatically gets a check…

The full story @ GMO Factory Monsanto's High-Tech Plans to Feed the World – Businessweek:

• Western Australia’s moronic shark cull
• Seven Reasons Why the Keystone XL may Never be Completed
• Oregon GMO Labeling Supporters Submit Signatures as Opponents Call Initiative ‘Costly,’ ‘Misleading’
• New Authorization Management System for NimonikApp.com
• So This Is A Thing: 120 Quadrillion Becquerels Of Radioactive Cesium Into North Pacific Ocean From Fukushima
• The Energy Department Just Announced $4 Billion For Projects That Fight Global Warming
• This Disease You’ve Never Heard Of Is Spreading Like Wildfire Across The Caribbean
• Postdocs get no respect
• 5 Ways To Have A Climate-Friendly Fourth Of July Without Driving Everyone Crazy
• National Parks Are In The Forever Business And Climate Change Is Bad For Business