Monsanto Earnings Fall 34% as Farmers Reject GMO Crops

Written by on January 13, 2015 in Hazards, Issues & Diseases, Health with 1 Comment
image_pdfimage_print

MIKE BARRETT | Naturalsociety | Jan 13th 2015

monsantoThe biotech giant Monsanto, which is responsible for genetically modifying much of the nation’s and world’s crops, announced that its earnings fell 34% in its first fiscal quarter as South American farmers reject GMO crops. This is even more evidence that the number of individuals and farmers who realize the potential dangers of GMOs is growing.

Monsanto’s decline in earnings is also the result of farmers using less acreage for planting corn, reducing demand for the company’s manufactured seeds.


What’s more, Monsanto’s revenue fell more than 8% to $2.87bn in the period due to a lower sales of corn seeds and herbicide. It was reported that analysts expected $2.96bn, according to Zacks.

Monsanto shares have decreased nearly 3% since the beginning of the year, while the Standard & Poor’s 500 index has climbed slightly more than 8%. Stock, though, has increased slightly in the last 12 months.

If youi’re invested in Monsanto stock like Bill Gates, who owns hundreds of thousand of Monsanto shares worth about $23 million, it might be time to pull out. The biotech giant also reported over $156 million in losses for the fourth quarter of 2014.

“For the quarter ended Aug. 31, Monsanto reported a loss of $156 million, or 31 cents per share, compared with a loss of $249 million, or 47 cents per share, in the same period last year.”

It’s a tough time for biotech. Monsanto’s losses were attributed to farmers in major agricultural zones favoring soy over GMO corn because of falling crop prices – largely caused by Syngenta’s release of MIR162 corn, which has been completely refused by Chinese officials repeatedly – which have depressed both local and foreign corn bushel prices.

It is no secret that Monsanto has been at the center of controversy over its genetically-modified seeds for some time. After all, where do you think all the March Against Monsanto events have stemmed from? You guessed it – from a widespread resistance against Monsanto’s chemical and genetically modified creations.

With Monsanto filing 145 lawsuits over the last 16 years against farmers who have “improperly reused their patented seeds,” and with Monsanto pouring millions into fighting GMO labeling measures across the country, it wouldn’t be surprising to see Monsanto come to a sudden halt in the not so distant future.


About Mike Barrett:
Mike BarrettGoogle Plus Profile| Mike is the co-founder, editor, and researcher behind Natural Society. Studying the work of top natural health activists, and writing special reports for top 10 alternative health websites, Mike has written hundreds of articles and pages on how to obtain optimum wellness through natural health.

 

More from Naturalsociety

Tags: , ,

Subscribe

If you enjoyed this article, subscribe now to receive more just like it.

Subscribe via RSS Feed Connect on YouTube

1 Reader Comment

Trackback URL Comments RSS Feed

  1. eaglenestbranch@yahoo.com' julie says:

    who wants to eat that GMO crap I hope Monsanto goes belly up SOON

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

FAIR USE NOTICE. Many of the articles on this site contain copyrighted material whose use has not been specifically authorized by the copyright owner. We are making this material available in an effort to advance the understanding of environmental issues, human rights, economic and political democracy, and issues of social justice. We believe this constitutes a 'fair use' of the copyrighted material as provided for in Section 107 of the US Copyright Law which contains a list of the various purposes for which the reproduction of a particular work may be considered fair, such as criticism, comment, news reporting, teaching, scholarship, and research. If you wish to use such copyrighted material for purposes of your own that go beyond 'fair use'...you must obtain permission from the copyright owner. And, if you are a copyright owner who wishes to have your content removed, let us know via the "Contact Us" link at the top of the site, and we will promptly remove it.

The information on this site is provided for educational and entertainment purposes only. It is not intended as a substitute for professional advice of any kind. Conscious Life News assumes no responsibility for the use or misuse of this material. Your use of this website indicates your agreement to these terms.

Paid advertising on Conscious Life News may not represent the views and opinions of this website and its contributors. No endorsement of products and services advertised is either expressed or implied.
Top
Send this to a friend