monsanto 11-10-05f

Terry Crews, CFO of Monsanto, outlined financial targets for 2006-2007 focusing on accelerated growth from seeds and traits. Key targets included 20% EPS growth each year, free cash flow of $825-900M in 2006 and $875-950M in 2007, and increased seeds and traits gross profit reaching $2.3B in 2006 and $2.6B in 2007. Consistency and discipline driving growth in the current portfolio, expanding globally, and progressing the pipeline would remain cornerstones of Monsanto's strategy.