Monsanto Net Worth is18.6 12-Month Sales Growth (%)
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Monsanto Company (NYSE: MON) is a publicly traded American multinational agricultural biotechnology corporation headquartered in Creve Coeur, Missouri. It is a leading producer of genetically engineered (GE) seed and of the herbicide glyphosate, which it markets under the Roundup brand. Founded in 1901 by John Francis Queeny, by the 1940's it was a major producer of plastics, including polystyrene and synthetic fibers. Notable achievements by Monsanto and its scientists as a chemical company included breakthrough research on catalytic asymmetric hydrogenation and being the first company to mass-produce light emitting diodes (LEDs). The company also manufactured controversial products such as the insecticide DDT, PCBs, Agent Orange, and recombinant bovine somatotropin. Monsanto was among the first to genetically modify a plant cell, along with three academic teams, announced in 1983, and was among the first to conduct field trials of genetically modified crops, which it did in 1987. It remained one of the top 10 U.S. chemical companies until it divested most of its chemical businesses between 1997 and 2002, through a process of mergers and spin-offs that focused the company on biotechnology.
Monsanto was a pioneer in applying the biotechnology industry business model, developed by Genentech and other biotech drug companies in the late 1970s in California, to agriculture. In this business model, companies invest heavily in research and develop and recoup the expenses through the use and enforcement of biological patents. Monsanto's application of this model to agriculture, along with a growing movement to create a global, uniform system of plant breeders' rights in the 1980s, came into direct conflict with customary practices of farmers to save, reuse, share and develop plant varieties. Its seed patenting model has also been criticized as biopiracy and a threat to biodiversity. Monsanto's role in these changes in agriculture (which include its litigation and its se

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Monsanto Latest News

Monsanto expands insect pest initiative

ST. LOUIS — Monsanto has expanded its foray into the battle against insect pests. The St. Louis-based agricultural company, which two years ago launched a research excursion targeting corn rootworm, recently began a new venture in which it will fund ...
Posted: October 25, 2014, 11:05 am

People Really Hate Monsanto, Its Latest Move Shows It Couldn't Care Less

The biotech people love to hate may generate even more antipathy by pushing ahead with chemically treated seeds that don't help farmers increase yields -- and may kill bees and birds. Photo: Flickr via Donna Cleveland. Biotech giant Monsanto (NYSE: MON ...
Posted: October 25, 2014, 6:52 am

UPDATE 1-Monsanto, soy exporter royalties dispute rages on in Brazil

Monsanto, however, said around 500 firms that purchase soybeans from farmers have agreed to police royalty payments at more than 3,000 points across Brazil, an arrangement that highlights the increasingly complex relationship between global grain merchants ...
Posted: October 24, 2014, 2:21 pm
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