Monsanto, the leading producer of genetically modified seeds, has spent years trying to shed its image as a purveyor of Frankenfood. The political battles over genetically modified organisms (GMOs) through the 1990s left the company bruised, profitless, and with scaled-back ambitions on the consumer-food front. Out were promises of GMO wheat, rice, and tomatoes. In was a focus on corn, soy, and cotton - big-volume crops destined for industrial uses such as animal feed, ethanol, and textiles.
The gambit worked. Since 2003, Monsanto (MON) has transformed itself from a money-losing Read more