SOURCE: Farmetrics

January 15, 2007 10:56 ET

Farmetrics(SM) Prediction Market Helps Manage Agribusiness Risk

Farmetrics.com Rewards Participants With Information and Incentive Prizes

ST. LOUIS, MO -- (MARKET WIRE) -- January 15, 2007 -- Farmetrics(SM), the first prediction market tailored for U.S. agribusiness, enables participants to learn more about local, state and national crop conditions. Using their knowledge and experience in the agricultural industry, participants submit predictions for local planted acreage, yield and harvested acreage at www.farmetrics.com. These predictions are aggregated and shared weekly with participants. Farmetrics provides access to information as local as the county level.

Farmetrics participants can even earn Reward Points redeemable for prizes at an online catalog. There is no cost to participate or win.

"Gaining real-time, more accurate information about local crop conditions is vital to U.S. agribusiness," said Bill Towles, who manages farmer focus programs for the Web site's sponsor, Bunge Global Markets, Inc. "The Farmetrics Prediction Market helps everyone manage risk more closely. It is already proving to be an important tool in understanding supply conditions around the country."

Currently, participants are making predictions about acreage or harvests of crops such as corn, wheat, cotton and soybeans in their counties of residence. More crops will be considered in the near future, and other planned enhancements may benefit agricultural colleges and farm communities. An expanded discussion forum including new message boards is also under development, enabling members of the agribusiness community to voice their interests and concerns to their peers.

Prediction markets predict outcomes based on the aggregated input of large samples of people knowledgeable in a given field. They have proven highly accurate in elections, sports and business. Typically, they operate as contests in which participants making accurate predictions win prizes. At www.farmetrics.com, participants can earn Bonus Reward Points through active participation and may qualify for incentive prizes without winning at the county or state levels.

To enter, eligible participants must first register at www.farmetrics.com. After registering, participant's eligibility will be confirmed by Bunge. Participants must be above the age of majority in their state of residence to participate and must meet other eligibility requirements. If eligible, each week, the participant, using his or her knowledge of the agricultural industry, may input his or her predictions about key statistics such as local planted corn and soy acreage, yield, and harvested acreage. The potential weekly contest winners are determined based on which participants' predictions are most accurate according to published USDA statistics or other authoritative sources when they become available. Winners can earn Reward Points that can be used toward prizes ranging from flashlights to travel packages for two.

About the Farmetrics Prediction Market

The Farmetrics(SM) Prediction Market is an innovative way to collect and share crop information from participants around the country. Using their knowledge of the agricultural industry, participants submit their predictions such as local planted acreage, yield and harvest acreage weekly at the dedicated Web site, www.farmetrics.com. This information is aggregated and shared weekly with participants. Active participants also may win prizes by accumulating Reward Points. Farmetrics is the first prediction market tailored exclusively for U.S. agribusiness. There is no cost to participate or win.

NO PURCHASE NECESSARY TO ENTER OR WIN. VOID WHERE PROHIBITED. Farmetrics(SM) Prediction Market Contests, Sub-Contests and Appreciation Program are open to legal U.S. residents, who are above the age of majority and primarily and significantly involved in the agricultural and farming industry, as determined by Sponsor. Sponsor will offer Contests and Sub-Contests on a weekly basis, commencing on Wednesday at 12:01 a.m. CST and ending on Tuesday at 11:59 p.m. CST. Farmetrics is open. Prize information will be available on catalog site located at www.MPGSTL.COM/BUNGE. Sponsor: Bunge Global Markets, Inc., 50 Main Street, White Plains, New York 10606. The odds of winning depend on the number of eligible entries received and the predictions entered. For official rules and more details visit: www.farmetrics.com.

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