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October 15, 2010

Monsanto Sucks…Financially! ~ Marissa Faye

Monsanto’s business collapsed over the last year.

Karma is a b#$&%.

“If there is one word to describe what Monsanto is about, it would have to be farmers.

We create the seeds, traits, and crop protection chemicals that help farmers produce more food using fewer resources.” – Monsanto.com

I call bull.

The Monsanto corporation, commanding most of the American food chain with patents on 90% of all genetically modified seeds, is well known for its merciless legal battles against small farmers and decades of toxic contamination.

Even if a you own a farm next to a farm that uses Monsanto’s mutant seeds, and those seeds happen to get mixed in with yours (you know, via the wind), Monsanto can sue you. And they will.

Monsanto has received $15 million in royalties from farms they have tracked down and sued.

On a laboratory testing on rats, the corporations’ frankenfoods caused kidney and liver damage as well as heart, spleen, adrenal gland, and blood problems.  They have acted as a catalyst for a new and evil mutant-weed, resistant to pesticides and able to ravage crops of farmers who do not use the genetically “enhanced” seeds.  And because frankenseeds are able to produce higher yields of frankenfoods for cheaper, it puts many families and small farms out of business.

It is a monopoly.  And it is running amuck in America.

So, it was a hugely pleasant surprise for myself and many, many others to find that things are not so well in terms of Monsanto’s bottomline.

According to a recent Vanity Fair article, Monsanto’s stock value has been cut in half within the past ten months alone.  I imagine I looked something like the Cheshire cat when I first read that statement, after he had confused all hell out of poor little Alice.  I just couldn’t wipe that s%#t-eating grin off my face.

Finally, karma is going to take you down.

I could rant about the corporate monstrosity forever—that’s how long the list of profit-before people-evil-doings-by-Monsanto goes.  And it goes. And it goes. And if you’re not sure about how you feel, pay this website a visit: OrganicConsumers.org.

Or, read the original article by Vanity Fair.

Also, article in the NY Times. Excerpt:

The company’s stock, which rose steadily over several years to peak at around $140 a share in mid-2008, closed Monday at $47.77, having fallen about 42 percent since the beginning of the year…the company has abandoned its profit goal for 2012 as well.

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…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. Read the rest…

– Marissa Faye

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