The Climate Corporation October 11, 2011, WeatherBill changed its name to The Climate Corporation. In June 2013 the U.S. Department of Agriculture's Risk Management Agency authorized the Climate Corporation to administer federal crop insurance policies for the 2014 crop year. In October, 2013 Monsanto announced that it was acquiring the company for approximately $1.1 billion. In November 2013 the company launched Climate Basic and Climate Pro, a set of advisory tools for farmers utilizing data science to help farmers make optimal decisions. In February 2014 the company announced it merged with Monsanto’s Integrated Farming System and Precision Planting divisions. In February 2014 the
Monsanto September 2016, Bayer announced its intent to acquire Monsanto for US$66 billion. After gaining US and EU regulatory approval, the sale was completed on June 7, 2018. In 1901 Monsanto was founded in St. Louis, Missouri, as a chemical company. The founder was John Francis Queeny, a 30‑year veteran of the nascent pharmaceutical industry. He funded the firm with his own money and capital from a soft drink distributor. He used his wife's maiden name for the company. The company's first products were commodity food additives, such as the artificial sweetener saccharin, caffeine and vanillin. Monsanto expanded to Europe in