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 produced computer hardware and software designed to enable farmers to increase yield and productivity through more precise planting. In 2013 Monsanto purchased San Francisco-based Climate Corp for $930 million. Climate Corp. makes local weather forecasts for farmers based on data modelling and historical data; if the forecasts were wrong, the farmer was compensated. In 2015 Monsanto tried to acquire Swiss agro-biotechnology rival, Syngenta, for US$46.5 billion, but failed. In 2015 Monsanto was the world's biggest supplier of seeds, controlling 26% of the global seed market (Du Pont was second with 21%). Monsanto is the only manufacturer of white phosphorus for