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"In summary, the risk to Monsanto's shareholders from the company's genetic engineering business are substantial. the company faces business constraints in the form of market rejection by consumers, producers, and farmers; significant legislative hurdles to commercialization; uncertainty in the face of human health and environmental impacts stemming from the company's products; and finally, significant risk exposure from potential contamination of the human food chain by unapproved genetically engineered traits." Monsanto & Genetic Engineering: Risks for Investors A report prepared by Read More
In January, a biotech industry front group, International Service for the Acquisition of Agri-biotech Applications (ISAAA), announced, with great fanfare, that global acreage of genetically engineered (GE)crops had increased 19% in 2001. According to ISAAA, 5.5 million farmers last year planted 130 million acres (52.6 million hectares) of GE crops, a 30-fold increase since 1996. For the year 2000, ISAAA had reported a somewhat smaller 11% growth in GE acreage. Cheerleaders for Frankenfoods, including Monsanto and the American Farm Bureau, hailed ISAAA's most recent projections as "proof Read More
The worst nightmares of Monsanto and the Gene Giants are becoming reality. The four year food fight by European consumers and farmers is slowly but surely driving genetically engineered (GE) foods and crops off the EU market, the largest in the world. US corn exports to the EU have fallen from $360 million a year to near zero, while soybean exports have fallen from $2.6 billion annually to $1 billion--and are expected to fall even further as major food processors, supermarkets, and fast-food chains ban GE soy or soy derivatives in animal feeds.
Canada's canola exports to Europe Read More
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