NEWS
                                         Delta and Pine Land Company
                                         P.O. Box 157
                                         Scott, Mississippi 38772

Contact: Investors                       Media
         Tom Jagodinski                  Jonathan Gasthalter/Cassandra Bujarski
         Delta and Pine Land Company     Sard Verbinnen & Co
         (662) 742-4518                  (212) 687-8080


    DELTA AND PINE LAND ANNOUNCES CLOSING OF ACQUISITION BY MONSANTO COMPANY

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SCOTT,  MISSISSIPPI  -- June 1, 2007 - Delta and Pine Land Company  (NYSE:  DLP)
("D&PL"), a leading commercial breeder, producer and marketer of cotton planting
seed,  announced  today that  Monsanto  Company  (NYSE:  MON) has  completed its
acquisition of D&PL for  approximately  $1.5 billion in cash.  D&PL will operate
independently  of Monsanto's  other  commercial  operations  until  Monsanto has
completed its proposed  divestitures  of the Stoneville  and NexGen  businesses.
D&PL will pay its third quarter  dividend of $0.17 per share on June 11, 2007 to
shareholders  of  record on May 31,  2007.  As a result  of the  acquisition  by
Monsanto, D&PL will no longer be listed on the New York Stock Exchange under the
DLP symbol.

About Delta & Pine Land

Delta and Pine Land  Company is a commercial  breeder,  producer and marketer of
cotton planting seed. Headquartered in Scott, Mississippi, with multiple offices
in eight states and facilities in several foreign  countries,  D&PL also breeds,
produces and markets soybean planting seed. For more  information,  please refer
to the Company's Web site at http://www.deltaandpine.com.

Cautionary Statements Regarding Forward-Looking Information:

Certain  matters  discussed  in this release are  "forward-looking  statements,"
including  statements about the Company's future plans,  goals and other events,
which have not yet occurred.  These  statements  are intended to qualify for the
safe harbors from liability provided by the Private Securities Litigation Reform
Act of 1995.  They can  generally  be  identified  because  the  context of such
statements  will include words such as "believes,"  "anticipates,"  "expects" or
words of similar import.  It is the nature of agricultural  seed businesses that
supply,  demand  and their  timing are  affected  by many  variables,  including
commodity prices,  weather and government  policy. Due to the seasonal nature of
the seed business,  the Company  typically incurs losses in its first and fourth
quarters.  Additional  risks and  uncertainties  with  respect of the  Company's
business and forward  looking  statements are set forth in the Company's  latest
filings with the Securities and Exchange Commission

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