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 Company in Continuous Legal Troubles

Monsanto Company (NYSE:MON) has agreed to a settlement with the Securities & Exchange Commission (SEC) that will see the firm pay $80 million in fines. According to the SEC, Monsanto’s rebate program for its popular herbicide, Roundup, involved many ...
Posted: February 10, 2016, 1:22 pm

Monsanto pays $80 million to settle accounting charges

The rebates were part of a promotion that Monsanto ran after sales of a generic version of the product undercut its business in 2009. Rebates were not accounted for in the same year that they were handed out, which resulted in earnings being misstated by a ...
Posted: February 13, 2016, 9:16 am

Monsanto CEO returns $3 million in bonuses after accounting error

This CEO is giving back to his company in a big way. Monsanto (MON) CEO Hugh Grant voluntarily returned more than $3 million in bonuses and stock awards after an SEC investigation found Monsanto had misstated earnings from its Roundup herbicide. Former CFO ...
Posted: February 9, 2016, 9:00 pm
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