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...The latest blow came last week, when early returns from this year’s harvest showed that Monsanto’s newest product, SmartStax corn, which contains eight inserted genes, was providing yields no higher than the company’s less expensive corn, which contains only three foreign genes. Monsanto has already been forced to sharply cut prices on SmartStax and on its newest soybean seeds, called Roundup Ready 2 Yield, as sales fell below projections.
But there is more. Sales of Monsanto’s Roundup, the widely used herbicide, has collapsed this year under an onslaught of low-priced generics made in China. Weeds are growing resistant to Roundup, dimming the future of the entire Roundup Ready crop franchise. And the Justice Department is investigating Monsanto for possible antitrust violations.
Until now, Monsanto’s main challenge has come from opponents of genetically modified crops, who have slowed their adoption in Europe and some other regions. Now, however, the skeptics also include farmers and investors who were once in Monsanto’s camp.
Until now, Monsanto’s main challenge has come from opponents of genetically modified crops, who have slowed their adoption in Europe and some other regions. Now, however, the skeptics also include farmers and investors who were once in Monsanto’s camp.
Don't hold breath that they will go under. If you read the whole story it basically said that they will offer more target variety of seed to meet growing conditions and price them according to the old formula. They are still a heavy hitter and make lots of money. This is more than them tripping on some water they spilled and forgot to clean up. Once they clean up that little mistake, they will still be around.
Dont forget that they have been increasing their R&D operations, just outside the US. Look at some of their work on hawaii, that's not looking at bettering local crop production in pacific island areas, its to take normally produced US crops and make it so they can be grown overseas. Don't be surprised if China puts all US corn farmers out of business in the next decade or so.
Don't hold breath that they will go under. If you read the whole story it basically said that they will offer more target variety of seed to meet growing conditions and price them according to the old formula. They are still a heavy hitter and make lots of money. This is more than them tripping on some water they spilled and forgot to clean up. Once they clean up that little mistake, they will still be around.
Dont forget that they have been increasing their R&D operations, just outside the US. Look at some of their work on hawaii, that's not looking at bettering local crop production in pacific island areas, its to take normally produced US crops and make it so they can be grown overseas. Don't be surprised if China puts all US corn farmers out of business in the next decade or so.
You will never stop a company like Monsanto.
It would just take a law like Europe's in the U.S. to ruin them. Or proof of problems with their GMO's that can't be denied.
But still, Monsanto sells millions of dollars of seeds in Europe, just not the GMO ones that are banned. It comes down to Monsanto making $5 billion in profit or $2 billion in profit. The Haitian farmers organization did reject (some of) the GMO seeds (although some took them willingly) but they did accept the non GMO Monsanto seeds. Once they get a taste of these super (non GMO) seeds that have higher yields per acre, bet they will be buying the seeds from now on.
But still, Monsanto sells millions of dollars of seeds in Europe, just not the GMO ones that are banned. It comes down to Monsanto making $5 billion in profit or $2 billion in profit. The Haitian farmers organization did reject (some of) the GMO seeds (although some took them willingly) but they did accept the non GMO Monsanto seeds. Once they get a taste of these super (non GMO) seeds that have higher yields per acre, bet they will be buying the seeds from now on.
They do still sell non-GM canola; however seed wise, there are many other seed suppliers in Europe, that do not have the stigma associated with them that Monsanto does.
As far as Haiti, well a 10,000 peasant march against Monsanto in a country with the problems Haiti has is a pretty compelling indication of their dislike of the company, especially given Haiti's culture of food sovereignty. I wouldn't bank on them creating a market in Haiti.
Monsanto still ships seeds all over Europe. They have so many varieties that Generic Engineered is just part of their whole operation. Most don't even know that smaller seed producers in foreign countires that sell locally may be owned by Monsanto or their affiliates. Just because segment of their business was realligned does not mean they still are not the main player. It is this thinkingt hat allowes them to profit. Have you ever checked the pedegree of some of the natural seeds people purchase? After clearing away the holding companies, don't be surprised if Monsanto isn't holding the end of that rope.
haiti may have a PR campaign aginst the GMO seeds but let me tell you for a fact, they are being sold and in use in Haiti. Follow the supply chain back through a couple of other countries and you have Monsanto Kentuky as the original shipper. Just like the tainted honey made its way around the world through diferent companies and Country of origin labels, but in the end, it was the tainted asian honey regardless of how packaged or where purcahsed. This is big money, don't think for a moment farmers aren't finding ways to get it.
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