Some of my favorite recipes from all over the world

Thursday, August 13, 2015

Monsanto Earnings Fall 34% As Farmers Reject GMO Crops | Peaceful Warriors



Monsanto lost moneyThe 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 you’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.
Are you on “Tsu” yet? Its a new social media platform that pays you for creating and sharing content! Thousands of people have already joined. Its just like Facebook, it takes seconds to join, and even easier to use! And best of all you can reach 100% of your friends and audience, and NO Censorship. You can only join by Invite, and this is an invitation from us to youClick here to join! and be sure to Follow us too.
By Mike Barrett, Natural Society;
Monsanto Earnings Fall 34% As Farmers Reject GMO Crops | Peaceful Warriors:



'via Blog this'

0 comments :

Post a Comment

Thank you for taking the time to comment. Your opinion is important and of value and we appreciate the positive feedback! If you are "Negative Nancy" then please do us, and humanity, a favor, and piss off.

Total Pageviews

Google+ Followers

Pages

Blog Archive

Popular Posts

Recent Comments

Rays Twitter feed

Ads

Web sites come and go and information is lost and therefore some pages are archived. @rayd123 . Powered by Blogger.