10-24-2015
I had given up on Monsanto ever paying for its abusive tactics. Yet i do think that they are now in crisis mode and are maneuvering to emerge from this as best they can. They may well do so, but certainly not unscathed.
The real killer will be Roundup itself sold under false pretenses for fifty years. That is a harsh indictment but one that i believe fully supported by the available evidence. We are now seeing the cracks and fresh independent science emerging.
I also think that the potential for lawsuits is almost unlimited. It will be shown that thousands succumbed to cancer and this was suppressed somehow..
5 Reasons Monsanto Is Crashing And Burning
Eric Blair, Contributor
It’s hard to believe that the once almighty Monsanto is on its knees. But their dirty deeds seem to have finally caught up with them.
Monsanto shares have already dropped 27 percent this year and they just posted fourth quarter losses wider than estimates.
They also announced cost-saving measures to counter their plunge; deep cuts to their workforce and exiting the sugarcane business.
Bloomberg reports:
Monsanto Co. said it will eliminate 2,600 jobs as part of a cost-savings plan, joining a growing list of major corporations struggling to contain the damage from the decline in world commodities prices.
The St. Louis-based agricultural giant announced the reductions — the equivalent of 12 percent of its workforce — as it reported a loss of 19 cents a share in the fiscal fourth quarter and warned profit would remain weak through 2016.
Monsanto enjoys a near monopoly on corn and soybean in North America. They appear to have it all; they own the farmers, the industry, the politicians, and the regulators. And, yet, they’re crashing and burning.
Bloomberg cites slumping commodity prices for Monsanto’s decline. “Like DuPont Co. and Glencore Plc, Monsanto, the world’s largest seed maker, is taking steps to combat the effects of a commodity slump…”
However, here are 5 real reasons Monsanto is tanking:
1. Consumer activism: The market doesn’t want herbicide-soaked genetically modified food anymore. As people are becoming more health conscious, they prefer to eat organic food. It’s really that simple.
2. Lawsuits with farmers: Monsanto spends untold resources suing family farms for copyright infringement. Farmers are forbidden from saving patented seeds year to year. Additionally when Monsanto’s GMO crops pollute neighboring farms, Monsanto sues those farms too. Not a great business model when your primary customers are farmers. An organic farmer in Australia is hoping to reverse this revolting practice.
3. Funding anti-labeling campaigns in multiple states is draining Monsanto of millions of dollars. This seems to be the majority of their “marketing” budget. They spent at least $8M in 2012, over $9M in 2013 in Washington State alone, and combined for $8M to defeat just a county initiative in Maui County Hawaii this past year.
4. Flagship product causes cancer: A recent World Health Organization report concluded that the active chemical used in Monsanto’s flagship product “Glyphosate is probably carcinogenic to humans.” This unsettling realization hasn’t even begun to sink in yet. Although some cancer-stricken farm workers are suing the big “M” over their illness with many more likely to do the same.
5. National bans: An increasing number of countries are banning either GMOs or certain pesticides, or both. At least 15 European Union members move to ban GMO crops. Meanwhile some small nations like Bermuda and Colombia have banned glyphosate.
To summarize, when people no longer want a product, market share and regulatory control mean nothing. This a long-term problem for Monsanto that can’t be fixed with cost-savings measures. That is why they’re doomed.
About arclein
Posted my paper introducing CLOUD COSMOLOGY & NEUTRAL NEUTRINO rigorously described, September 2010 I am pleased to report that my essay titled A NEW METRIC WITH APPLICATIONS TO PHYSICS AND SOLVING CERTAIN HIGHER ORDERED DIFFERENTIAL EQUATIONS' has been published in Physics Essays(AIP) and appeared in their June 2010 quarterly. 40 years ago I took an honors degree in applied mathematics from the University of Waterloo. My interest was Relativity and my last year there saw me complete a 900 level course under Hanno Rund on his work in relativity,as well as differential geometry(pure math) and of course analysis. I continued researching new ideas and knowledge since that time and I have prepared a book for publication titled 'Paradigms Shift'. I maintain my blog as a day book and research tool to retain data and record impressions and interpretations on material read. Do join my blog and receive Four items of interest daily Monday through Saturday.
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