China, a major importer of U.S. corn grain and dried distillers grain
solubles, has officially granted full regulatory import authorization
for Monsanto Company's (NYSE: MON) MON 87460 trait, the biotechnology
trait in Genuity DroughtGard Hybrids, as part of a broader series of
approvals. This represents a significant step forward for technology
approvals in China.

In 2012, more than 250 farmers in the Western Great Plains planted
DroughtGard Hybrids on their farms as a part of Monsanto's Ground
Breakers® program. In 2013, the product was introduced in the Western
Great Plains under stewardship requirements. Farmers who purchased
DroughtGard Hybrids for planting in 2013 signed a grain stewardship
agreement committing to use the grain as on-farm feed or to sell the
grain for domestic use due to pending import approvals in key export
markets. With the approval in China, Monsanto will remove the grain
stewardship requirements, and grain will no longer be required to remain
in the domestic market.

"The import approval of this trait is great news for U.S. farmers," said
Lisa Safarian, U.S. Row Crops Lead for Monsanto. "With full import
approvals in key export markets, farmers can market their grain more
broadly this year and plant with confidence in 2014." Safarian added,
"This approval also provides expanded access to another tool that can
help farmers more sustainably manage their risk."

The Genuity DroughtGard Hybrids system combines germplasm selected for
its drought-tolerance characteristics, the drought-tolerance
biotechnology trait and agronomic recommendations. The system is
designed to help the corn plant use less water when drought stress
occurs. This improved hydro-efficiency creates the opportunity to
conserve soil moisture and can help reduce yield loss from drought
conditions, while also maintaining top-end yield potential under normal,
well watered conditions. Monsanto's DEKALB® DroughtGard Hybrids have
consistently shown about a five bushel per acre yield advantage over
competitors' products.

Farmers are looking forward to better protecting their yields in times
of water stress. Eric Zell farms near Mitchell, South Dakota and
participated in Monsanto's DroughtGard Hybrids Ground Breakers trials
last year. He says he's looking forward to protecting his yields in
times of water stress.

"After coming off of a very dry last season our subsoil is somewhat
limited, so I'm excited to see what the DroughtGard hybrids can do for
me this year in my new planting for 2013." Zell adds, "Now that I've
seen some of these firsthand, and how they have worked for my farm, I
think it's going to be a great product going forward. DroughtGard has
given me optimism for the future to know that I can better handle dry

With a changing climate that leads to more challenging growing
conditions, farmers are looking for more options to protect their yield
and manage their risk. Drought tolerance is one component of Monsanto's
Yield and Stress efforts to protect or improve yield and achieve more
consistency of returns. Yield and nitrogen utilization traits are also
in Monsanto's R&D pipeline. The drought tolerance trait in Genuity
DroughtGard Hybrid's represents the first commercial offering of the
company's joint R&D collaboration with BASF on yield and stress

About Monsanto Company

Monsanto Company is a leading global provider of technology-based
solutions and agricultural products that improve farm productivity and
food quality. Monsanto remains focused on enabling both small-holder and
large-scale farmers to produce more from their land while conserving
more of our world's natural resources such as water and energy. To learn
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Forward-Looking Statements:

Certain statements contained in this presentation are
"forward-looking statements," such as statements concerning the
company's anticipated financial results, current and future product
performance, regulatory approvals, business and financial plans and
other non-historical facts. These statements are based on current
expectations and currently available information. However, since these
statements are based on factors that involve risks and uncertainties,
the company's actual performance and results may differ materially from
those described or implied by such forward-looking statements. Factors
that could cause or contribute to such differences include, among
others: continued competition in seeds, traits and agricultural
chemicals; the company's exposure to various contingencies, including
those related to intellectual property protection, regulatory compliance
and the speed with which approvals are received, and public acceptance
of biotechnology products; the success of the company's research and
development activities; the outcomes of major lawsuits and the
previously announced SEC investigation; developments related to foreign
currencies and economies; successful operation of recent acquisitions;
fluctuations in commodity prices; compliance with regulations affecting
our manufacturing; the accuracy of the company's estimates related to
distribution inventory levels; the company's ability to fund its
short-term financing needs and to obtain payment for the products that
it sells; the effect of weather conditions, natural disasters and
accidents on the agriculture business or the company's facilities; and
other risks and factors detailed in the company's most recent periodic
report to the SEC. Undue reliance should not be placed on these
forward-looking statements, which are current only as of the date of
this presentation. The company disclaims any current intention or
obligation to update any forward-looking statements or any of the
factors that may affect actual results.