Numbers Don’t Lie: Why Monsanto Might Be Facing Its Final Days


Source: UndergroundReporter.org
Christina Sarich
August 22, 2016

Share prices — plummeting. Royalties — cut. Consumer opinion — in the toilet. Governments — fed up. Monsanto’s earnings represent the writing on the wall, but the company’s glory days are nearing an end for many reasons ranging from farmer and consumer resistance to government crackdowns on GMO products and even Monsanto’s best-selling chemical product, glyphosate. Monsanto’s days are about as numbered as a fruit fly’s.

If we were to ascertain Monsanto’s financial health by their stock price alone, you could safely say that they are suffering. The company recently slashed its 2016 earnings forecast from the $5.10-$5.60 per share it had forecast in December, to $4.40-$5.10, claiming that the reduction was due to a lagging strength in the U.S. dollar — but there’s much more to the picture.

In numerous key markets, the company consistently rating among most hated in the world is taking major hits.

  • In India, Monsanto’s illegal introduction of GM Bt cotton is reaping some serious karma. The Ministry of Agriculture has accused Monsanto of price gouging and is reducing their ‘royalties’ by 70 percent. Monsanto has threatened to withdraw its GM crops from India, but the country hasn’t balked. Their reply? Monsanto is welcome to leave.”
  • In Mexico, a seven-year battle to save almost 60 varieties of heirloom corn — developed over 7,000 years by indigenous farmers — has just been won. This means Monsanto’s aim to wipe out the genetic diversity of a major food crop in the country has been thwarted by a Mexican federal appeals court.
  • As far as RoundUp, Monsanto’s best-selling herbicide, that’s in big trouble, too. The State of California’s Environmental Protection Agency (EPA) has labeled the product as a probable carcinogen, and Monsanto has filed a lawsuit (thus far to no avail) to try to get rid of the classification. The World Health Organization’s recent finding that glyphosate is also ‘probably carcinogenic’ doesn’t help, and the E.U. just voted not to re-license RoundUp for sale in Europe.
  • Already more than half of E.U. countries have moved to bar GMO cultivation.
  • Russia has banned GMOs, and plans to become the largest exporter of organic products. That’s a huge market that Monsanto will not have access to.
  • The DARK Act (Deny Americans the Right to Know) was just denied on the Senate floor, meaning states will retain their right to establish mandatory GMO labeling laws.
  • McDonald’s and Wendy’s, as well as other major restaurant chains, are refusing to use Simplot’s GM potatoes and apples, even after the USDA approved them for sale — due to consumer concerns. Even baby food manufacturer, Gerber, is turning down GM ingredients.
  • China still allows some GM products, but they aren’t looking to approve any new GM seeds anytime soon, since they are seeking to develop their own biotechnology market. While this is unsettling, it still means that Monsanto is squeezed out of the international seed monopoly market.
  • Even though the agrichemical business lobby is the biggest lobbyist on the E.U.-U.S. trade deal, TTIP, Monsanto is losing its grip. Many fear TTIP would significantly water down E.U. chemical safety standards, including the precautionary principle.

According to Mike Mack, the former CEO of Swiss-based (and now Chinese-owned) Syngenta, biotech seeds have nearly saturated major markets where approved.

Furthermore, BASF, another German biotech and chemical giant, seems to realize that biotech seed markets are drying up. The company has pulled out of Europe completely and has closed several plants due to consumer and political resistance. Stefan Marcinowski, a member of BASF’s executive board said:

“We are convinced that plant biotechnology is a key technology for the 21st century. However, there is still a lack of acceptance for this technology in many parts of Europe — from the majority of consumers, farmers and politicians. Therefore, it does not make business sense to continue investing in products exclusively for cultivation in this market.”

It could be just a matter of months before Monsanto realizes their well-earned fate.

Read More At: UndergroundReporter.org


This article (Numbers Don’t Lie: Why Monsanto May Be Facing Its Final Days) is free and open source. You have permission to republish this article under a Creative Commons license with attribution to Christina Sarich and UndergroundReporter.org. If you spot a typo, please email the error and the name of the article to undergroundreporter2016@gmail.com. Image credit: Wikimedia/Rosalee Yagihara

Monsanto Losing Millions As Farmers In India Rebel, Plant Indigenous Seed

cotton-2
Source: NaturalBlaze.com
Via: CultureOfAwareness.com
Christina Sarich
August 6, 2016

India — Monsanto is losing millions on failed GM cotton. The company illegally pushed a form of Bt cotton into India and Africa more than a decade ago, but farmers are now pushing back by planting their own indigenous seed.

Monsanto is accused of writing laws and then breaking them to enter the market in India, but after more than 300,000 farmer deaths between 1995 and 2013, many of them attributed to Monsanto, the company is finally paying for their misdeeds. The corporation’s greed is linked to farmer suicides throughout Maharashtra, considered the ‘Cotton Belt’ in India.

The Indian government is now actively promoting the use of indigenous seed, and has called Monsanto out for profiteering illegally on Bt cotton seed.

Monsanto has already lost nearly $75 million in royalties this year (5 billion rupees) due to the change in seed choice by farmers. Sales in India have fallen by 15 percent, and though this is a relatively small market share, it is still making a huge impact on the company’s bottom line.

This could be the end of Monsanto, altogether, in India. Keshav Raj Kranthi, head of India’s Central Institute for Cotton Research said:

“Just wait for the crucial three to four years to see a complete, natural turnaround. By then most farmers will give up Bt cotton and go for the indigenous variety.”

Notably, Burkina Fasso in West Africa also recently rejected Monsanto’s Bt cotton seed after finding the seed produced a poor quality cotton that fetched low prices for the farmers who bothered to grow it.

While Monsanto argues that its genetically modified seed is better, many studies state that their comparisons were not looking at hybridized and indigenous seed (not GM seeds) that give better crop quality and higher yields.

Bt cotton is genetically modified seed which contains Bacillus thuringiensis, a bacterium that produces toxins harmful to a variety of insects, including, supposedly, bollworms that attack cotton; however, like weeds that have become impervious to RoundUp, many organisms become even stronger when introduced to genetic mutations of Mother Nature’s perfection. Monsanto even admits that insect resistance to Bacillus thuringiensis is ‘natural’ and ‘to be expected’.

Indeed, the indigenous varieties of cotton have fared better against the bollworm, whitefly, drought, and other dangers that cotton farmers face.

Monsanto (doing business in India as Mahyco Monsanto Business Limited) has even threatened to pull out of India completely, calling the bluff of a government who threatened to lower their royalties; but the government was undeterred, cut their seed royalties by 74 percent, and capped seed prices.

This will bring much relief to cotton farmers in India, but with 96 percent of India’s cotton crop being developed with Monsanto’s Bt cotton, it could take generations to recapture the indigenous crop completely, while bankrupting the corrupt Monsanto simultaneously.

As Sanjeev Kumar Balyan, India’s Junior Agricultural Minister has said of Monsanto, “The greed has to end.”

Read More At: NaturalBlaze.com


This article (Monsanto Losing Millions as Farmers in India Rebel, Plant Indigenous Seed) via NB is free and open source. You have permission to republish this article under a Creative Commons license with attribution to Christina Sarich and UndergroundReporter.org. If you spot a typo, please email the error and the name of the article to undergroundreporter2016@gmail.com. Image credit:Wikimedia Commons/Claude Renault