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Exhibit 15.1
October 16, 2000
Monsanto Company
800 North Lindbergh Boulevard
St. Louis, Missouri 63167
We have made a review, in accordance with standards established by the
American Institute of Certified Public Accountants, of the unaudited interim
financial information of the Monsanto Company Agricultural Business ("Monsanto
Ag") for the periods ended June 30, 2000 and 1999, as indicated in our report
dated August 14, 2000, and of the pro forma condensed combined statement of
financial position as of June 30, 2000 and the related pro forma condensed
combined statement of income for the six months then ended, as indicated in our
report dated September 19, 2000; because we did not perform an audit, we
expressed no opinion on that information.
We are aware that our reports referred to above are included in your
Registration Statement No. 333-36956 on Form S-1.
We also are aware that the aforementioned reports, pursuant to Rule 436(c)
under the Securities Act of 1933, are not considered a part of the Registration
Statement prepared or certified by an accountant or a report prepared or
certified by an accountant within the meaning of Sections 7 and 11 of that Act.
/s/ DELOITTE & TOUCHE LLP
St. Louis, Missouri
