Meeting Global Demand Through Innovation in Agriculture April 23, 2014 David Russell Director of Technology Prospecting Monsanto

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. Trademarks Trademarks owned by Monsanto Company and its wholly-owned subsidiaries are italicized in this presentation. All other trademarks are the property of their respective owners. © 2014 Monsanto Company

Forward-Looking Statements

Climate Change

Global Food Security

Water Availability

Biofuel Demand

Healthy & Affordable Food

Increasing Protein Demand

Increasing World Population

Agriculture

Key Megatrends Shaping Agriculture Today

United States Latin America North Brazil Argentina EU 27 India Australia

Who We Are A Global Company: Diverse in People, Products, Geographies

Corn Soybeans Cotton

Vegetables Roundup®

agricultural herbicides

Primary Market Geographies

4

Headquarters: St. Louis, MO Total employees: ~21,000

Global locations: >500

Net Sales (FY12) $13.5 billion

4

A System Of Pipeline Solutions For Sustainable Agriculture Producing More, Conserving More, Improving Lives

Complementary agronomic and yield-enhancing

traits

BIOTECHNOLOGY BREEDING AGRONOMICS

Highest yielding genetics for

target environment

Optimizing farm

management practices

CHEMISTRY BIOLOGICALS

Protecting the crop from

pests, weeds and diseases

Early research being done in weed management, insect control, virus

control and bee health

Plant Breeding Is Experiencing A Technical Revolution That Will Drive Yield Improvements

Annually, breeders exchange millions of different “packages” of germplasm material

Complete integration of intra-company germplasm throughout our entire breeding program

MOLECULAR BREEDING Is Accelerating The Rate Of Gain Over

Conventional Breeding

►Capability to analyze 10s of millions of samples each year

►Over 40 million marker-trait associations providing detailed genome understanding

Corn SEED GERMPLASM LIBRARY Is Our Building Block For Better Breeding

AG BIOTECHNOLOGY

Delivers Insect Control, Weed Control, and Stress Tolerance

ADVANCED BREEDING

Delivers Insect Control, Stress Tolerance and Disease Control

INTEGRATED FARMING SYSTEMS (IFS)

Designed to Optimize Farm Management Practices

AG BIOLOGICALS

Designed to Deliver Weed Management, Insect Management, Plant Health and Bee Health

Going Beyond Biotechnology: New Platforms Designed to Deliver Innovations Needed to Meet Demand

The Next Steps In Evolution Of Technologies For Solving Farmers’ Challenges Requires a Systems Approach

ESTABLISHED MICROBIAL LEADERSHIP

Monsanto’s Biologicals Platform and Genomics-Based Pipeline

+ WEED

CONTROL

Yield Focus

WEED CONTROL

Disease Control

MONSANTO AG BIOLOGICALS TECHNOLOGY PLATFORMS

With the Agradis & Novozymes Deals Monsanto Recently Added Microbials to Its Ag Biologicals Research with Discovery Concepts in Yield and Disease Focus

WEED CONTROL

Weed Control

WEED CONTROL

Disease Control

WEED CONTROL

Insect Control

WEED CONTROL

Bee Health

Microbials

Seed Treatment

Foliar Applications

Integrated Farming Systems

DELIVERY METHODS

Foliar or seed treatment products which are: • Based on or containing a living organism • May be used to complement or replace Ag chemistry products • May have a shorter, less expensive regulatory cycle than Ag chem products • Would be enhanced with Integrated Farming Systems Through Variable Rate Applications

The Precision Ag Platform R&D Pipeline Includes New Yield and Productivity Opportunities

CLIMATE PIPELINE PROJECTS PHASE

FieldScripts for Corn Launched

Weather Enhanced FieldScripts Phase 4

Variable Rate Fertility Phase 2

Multi-Hybrid Corn Phase 1

Variable Rate Planting for Soybeans Phase 2

Multi-Variety Soybeans Phase 1

Climate Basic Launched

Climate Pro Launching

DeltaForce Launching

vDrive Launching

FieldView Plus Launching

20/20 YieldSense Launching

Data analysis to provide actionable recommendations combined with the

equipment to deliver to the farm

The Climate Corporation Brings Value To Growers Through Recommendations and Insights Driven by Data and Analytics

The Climate Corporation aims to help farmers around the world protect and improve their farming operations & profitability achieving this through their unique and proprietary Climate Technology Platform™ that powers their software and insurance products to deliver value for growers.

Traits to improve plant performance and tools to enable research • Genes and methods for improved plant disease resistance, insect control, nematode control, herbicide tolerance, yield, and stress resistance • Genetic transformation, novel nucleic acid delivery methods, gene expression elements • Genome editing tools • Metabolomics, proteomics, genomics • Protein design and evolution • High throughput DNA synthesis

Advanced breeding technologies to deliver elite plant varieties • Di-haploid seed production • Marker/sequence assisted breeding tools • Breeding traits or quantitative trait loci for row crops and vegetables • Novel vegetable varieties with improved nutrition or taste • Big data solutions for effective information visualization

Partner with Monsanto We are seeking a wide variety of technologies. We can work together to have real and positive impact addressing the issues facing world agriculture

Partner with Monsanto Naturally derived microbes or preparations to support plant health • Microbes applied as seed or foliar treatments for disease control, plant health,

and plant growth • RNAi, proteins, and peptides for control of fungal, bacterial & viral diseases, insects, herbicide resistance management and bee health • Formulation technologies for delivery of microbes and biologicals

Precision Ag and field technologies for optimized farm management • Field or aerial robotics, sensors, imaging, with wireless connectivity to monitor plant health, soil nutrients, water status, and detect pathogens & insects • Hardware and software related to planting, fertilizing, and crop management • Field-deployable nucleic acid and protein detection • Decision tools for environmental, disease, and crop modeling • Automation in field, green house, & lab to improve efficiency and accuracy

Selective chemistries for crop protection and health • Active ingredients for seed treatment or foliar applications for disease control, plant growth, and crop health • New herbicides with novel modes of action • Formulation technologies for chemistry delivery contributing to stability, improved performance, controlled release, and safety

Contact David Russell at david.r.russell@monsanto.com or partnering@monsanto.com