Released on 08/01/13

Monsanto’s annual                               research and development (R&D) update                               highlighted project advancements across                               the company’s breeding,                               biotechnology, and improved agronomics                               platforms, all aimed at sustainably                               maximizing farmer productivity while                               conserving resources like water and land.                               Monsanto has a pipeline of exciting                               products in development, including yield                               and stress work in collaboration with BASF                               Plant Science. This yield and stress                               collaboration focuses on key row crops                               with investments of $2.5 billion over the                               life of the collaboration.

>>> Drought-Tolerant Corn (Launched) – Collaboration                                  between Monsanto and BASF

During the annual R&D update,                               Monsanto highlighted the launch of                               Genuity® DroughtGard™ Hybrids,                               developed in collaboration with BASF. This                               drought-tolerant corn system is designed                               to enhance yield stability when water is                               limited, providing farmers in tough                               environmental conditions with an                               opportunity to improve yield and                            consistency.

DroughtGard™ Hybrids demonstrated                               strong performance in 2012 Ground                               Breakers® trials, with projected                               commercial products showing a yield                               advantage of more than 5 bushels per acre                               over competitive hybrids in the Western                               Great Plains.

Monsanto will introduce Genuity®                               DroughtGard™ Hybrids in the Western                               Great Plains for the 2013 growing season                               under stewardship requirements due to                               pending import approvals in key export                               markets. These hybrids combine germplasm                               selected for its drought-tolerant                               characteristics through breeding, the                               drought-tolerant biotechnology trait and                               agronomic recommendations. Genuity®                               DroughtGard™ Hybrids are the first                               commercial product launch from the                               Monsanto and BASF Plant Science yield and                               stress collaboration. Visit http://www.genuity.com/corn/Pages/Genuity-DroughtGard-Hybrids.aspx

Source BASF Official Press Release