Monsanto Sees Record Sales in Fiscal Year 2007; Seeds and Traits Business Contributes to Strong Fourth Quarter and Year-E...(ar was higher global corn seed andtraits...)

The increased corn sales for the fiscal year 2007 were partially offset by lower sales of soybean seeds and traits in the United States, as well as lower sales of cotton traits in Australia and the United States. Lower sales in the United States reflect farmer planting trends, while the lower sales in Australia were a result of drought conditions.

Agricultural Productivity Segment Detail

($ in millions) Net Sales Gross Profit

Fourth Fourth Fiscal Fiscal Fourth Fourth Fiscal Fiscal

Agricultural Quarter Quarter Year Year Quarter Quarter Year Year

Productivity 2007 2006 2007 2006 2007 2006 2007 2006

Roundup and

other

glyphosate-

based

herbicides $632 $632 $2,568 $2,262 $219 $146 $854 $648

All other

agricultural

productivity

products 199 227 1,031 1,054 75 86 418 438

TOTAL

Agricultural

Productivity $831 $859 $3,599 $3,316 $294 $232 $1,272 $1,086

($ in millions) Earnings Before Interest & Taxes (EBIT)

Fourth Fourth Fiscal Fiscal

Agricultural Productivity Quarter Quarter Year Year

2007 2006 2007 2006

EBIT (For a reconciliation of

EBIT, see note 2.) $48 $21 $471 $301

Unusual Items Affecting EBIT

Loss on Discontinued

Operations $(2) $(4) $(2) $(5)

Pre-tax Cumulative
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