CORRECTING and REPLACING Monsanto Announces Clinton Global Initiative Commitment to Action on Honey Bee Health

  CORRECTING and REPLACING Monsanto Announces Clinton Global Initiative
  Commitment to Action on Honey Bee Health

Investment Launches Coalition to Research the Challenges Facing Honey Bees

CORRECTION...by Monsanto Company

Business Wire

ST. LOUIS -- October 25, 2013

Please replace the release dated Oct. 10, 2013 with the following corrected
version due to multiple revisions.

Please note: This release has been updated to remove the names of potential
partnering organizations included in the Coalition as its membership is in the
formation phase. This version also provides an overview of Monsanto’s support
for the Coalition and honey bee health as well as new or updated boilerplates
and quotes.

The corrected release reads:

MONSANTO ANNOUNCES CLINTON GLOBAL INITIATIVE COMMITMENT TO ACTION ON HONEY BEE
HEALTH

Investment Launches Coalition to Research the Challenges Facing Honey Bees

Monsanto recently announced its Clinton Global Initiative (CGI) Commitment to
Action on honey bee health at the 2013 CGI Annual Meeting. As part of this
announcement, the company committed its support to a coalition convened by The
Keystone Center.

The Keystone Center is convening a diverse, multi-stakeholder collaboration
focused on improving honey bee health. Keystone is currently conducting an
assessment phase to help determine who will be involved as well as the scope,
mission and goals of the Coalition. It is anticipated that participation will
come from sectors including crop production, beekeeping, agribusiness,
university, NGO and government. Initial funding for the effort has been
provided by Monsanto as part of its CGI Commitment to Action on honey bee
health.

“As an independent convener, Keystone’s mission in this initial scoping phase
is to ensure we are building a well-rounded group of perspectives,” said Sarah
Stokes Alexander, The Keystone Center’s Vice President of Programs. “We’ll be
working with diverse stakeholders involved to identify areas of collaboration
for honey bee health.”

Monsanto has initially committed to provide support in four priority areas of
focus: 1) improving honey bee nutrition; 2) providing research investment in
novel technology for varroa and virus control; 3) understanding science-based
approaches to studying pesticide impacts on honey bees and increasing
awareness of pesticide best management practices among growers and beekeepers;
and 4) enabling economic empowerment of beekeepers.

“One-third of our diet is made up of vegetables, fruits and nuts that depend
on pollinators like honey bees,” said Jerry Hayes, Monsanto’s Commercial Bee
Health Lead. “Honey bees play an essential role in ensuring crop yields—a
critical need for global food security. We’re proud to join this coalition and
support efforts to improve and sustain honey bee health.”

A significant decline in the honey bee population is posing a threat to
agricultural sustainability and food security, as well as to ecosystem health
and biodiversity. In the United States, beekeepers have seen an average winter
loss of more than 30 percent of honey bee colonies every year since 2006 as a
result of CCD (Colony Collapse Disorder), a phenomenon in which bees disappear
abruptly from an otherwise healthy colony. The low survival rate of honey bee
colonies is leading to a significant decline in the overall honey bee
population. Historically, approximately 6 million colonies existed in the
United States; today approximately 2.5 million colonies exist.

“If modern agriculture is to remain sustainable, I believe all segments of the
agriculture industry need to be able to sit down and have honest and
open-minded conversations,” said Randy Verhoek, President of the American
Honey Producers Association. “The American Honey Producers is a
solution-oriented association that is committed to make decisions based on the
evidence of good science.”

Monsanto has been involved with bee research since 2011 when it acquired
Beeologics, an organization focused on researching and testing biological
products, which provide targeted control of pests and diseases in order to
provide safe, effective ways to protect the honey bee. Monsanto also has
collaborated with Project Apis m. (PAm) to assist in forage projects in order
to provide more nutritious food for bees, and is doing extensive research on
the varroa mite, which may be one factor in the decline of honey bee health.

“The Monsanto funding has allowed us to target honey bee forage plantings
before and after almond pollination, times when there is normally a dearth of
pollen sources. It’s a win-win for all; natural pollen for bees, and for the
farmer—reducing soil erosion, fixing nitrogen and adding organic matter to
soils,” said Christi Heintz, Executive Director, Project Apis m., Almond Board
Bee Task Force Liaison. “This is an excellent model, and we look forward to
working collaboratively to expand this important work.”

In June 2013, a first-of-its-kind Honey Bee Health Summit concluded at
Monsanto Company’s Chesterfield Village Research Center. The three-day event
hosted by PAm and Monsanto’s Honey Bee Advisory Council (HBAC) included nearly
100 members of the bee community, representing academics, beekeepers, industry
associations and government sectors. Summit attendees heard from some of the
nation’s top apiculture researchers on the challenges facing honey bees, an
important ecosystem service provider and natural pollinator.

From beekeeping industry experts, Summit attendees and through the counsel of
the HBAC, Monsanto has learned a great deal about the complex challenges
facing beekeepers. To learn about the challenges facing honey bees and
Monsanto’s commitment to improving honey bee health, please visit Monsanto’s
honey bee health website.

About the Clinton Global Initiative

Established in 2005 by President Bill Clinton, the Clinton Global Initiative
(CGI), an initiative of Bill, Hillary & Chelsea Clinton Foundation, convenes
global leaders to create and implement innovative solutions to the world’s
most pressing challenges. CGI Annual Meetings have brought together more than
150 heads of state, 20 Nobel Prize laureates, and hundreds of leading CEOs,
heads of foundations and NGOs, major philanthropists, and members of the
media. To date, CGI members have made more than 2,500 commitments, which are
already improving the lives of more than 430 million people in over 180
countries. When fully funded and implemented, these commitments will be valued
at $87.9 billion.

About The Keystone Center

The Keystone Center is an independent nonprofit organization that engages
people and their ideas, informed by good data and technology, to understand
and address complex energy, environmental, and public health challenges.
Keystone helps resolve difficult issues, both current and emerging, by
fostering an environment of trust and respect among leaders who wish to reach
action-oriented, sustainable solutions that elevate individual interests in
service of the greater good.

Founded in 1975, The Keystone Center began as a forum for decision-makers to
escape the confines of their typical working environments and talk to each
other face-to-face about tough public policy issues. Over the past four
decades, we have carefully honed our approaches to dialogue, collaboration,
and consensus building, helping stakeholders successfully bridge ideological
and political divisions. Together, we strive for a future in which people
share in the ownership of society’s challenges and work together to find
solutions.

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 more about our business and our
commitments, please visit:  www.monsanto.com. Follow our business on Twitter^®
at www.twitter.com/MonsantoCo, on the company blog, Beyond the Rows at
www.monsantoblog.com, or subscribe to our News Release RSS Feed.

Contact:

Monsanto Company
Billy Brennan, 314-694-6397
william.brennan@monsanto.com