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 Bt toxin were approved by the Environmental Protection Agency, following approval by the FDA, making it the first pesticide-producing crop to be approved in the United States. Monsanto subsequently developed Bt maize (MON 802, MON 809, MON 863, MON 810), Bt soybean and Bt cotton. Monsanto produces seed that has multiple genetic modifications, also known as "stacked traits"—for instance, cotton that make one or more Bt proteins and is resistant to glyphosate. One of these, created in collaboration with Dow Chemical Company, is called SmartStax. In 2011 Monsanto launched the Genuity brand for its stacked-trait products. As of 2012, the