Monsanto Profits Drop Twenty-Five Percent Again as Farmers, Individuals Go Organic

Monsanto Profits Drop Twenty-Five Percent Again as Farmers, Individuals Go Organic

Photo: BizJournals.com

Biotech giant Monsanto reported multiple profit-plummets in 2015 relating to sales for both its genetically modified crop creations and its best-selling herbicide, Roundup. Once again, Monsanto has reported declining profits for the fiscal second-quarter earnings – by 25%.

For Monsanto’s 2nd quarter, total sales for Monsanto dropped 13%; with one of Monsanto’s top-sellers, corn seeds, falling 11%. The biotech giant cites an “unfavorable agricultural market” for its losses, pointing out that:

  • Pressures in overseas markets is increasing
  • Farmers are reporting less income due to less-than-ideal harvests
  • The strength of the U.S. dollar made products more expensive

But the company makes little or no mention of the other key factors affecting its bottom line.

  • Organic food demand is exploding like crazy – and the figures show no sign of it slowing any time soon.
  • The world is seeing how toxic pesticides and herbicides really are.
  • Record farmers are switching to non-GMO crops.

While the company is admittedly still seeing profits in the billions, the continuous decline paints a bleak picture for the agricultural giant. It means that the massive grassroots movement against Big Biotech giants such as Monsanto is working, and that our collective voice is being more than heard.

With awareness growing on the potential dangers of GMOs and the very real negative impact pesticides and herbicides have on human health and the environment, why wouldn’t anyone go against such an unsustainable, harmful business?

Earlier this year, Monsanto announced that sales in the company’s agricultural productivity segment, which includes its best-selling Roundup herbicide, fell 34% to $820 million for the quarter ending November 30. Monsanto also revealed that it plans to cut more of their work force – a total of 3600 jobs, which accounts for 16% of its global employee base. The biotech giant will also record $1.1 billion to $1.2 billion in ‘restructuring’ costs.

Amid the falling profits, the mega-corp not only lied to consumers about the safety of GM seed and their best-selling herbicide, but also lied to investors! The company was to pay an $80 million settlement to the US Securities and Exchange Commission (SEC) as a penalty for lying about earnings for glyphosate-riddled herbicide, Round Up.

Also in 2016, it was announced that plans to construct a $90 million GM corn processing plant in Independence, Iowa would be scrapped due to a ‘struggling farm economy.’ [1]

The company’s recently-failed attempt to takeover Syngenta has also left them in a weaker position amid a steep downturn in the agricultural business.

“We no longer see large-scale M&A as a likely opportunity,” Mr. Grant told investors on a conference call after reporting fiscal second-quarter earnings that fell short of analysts’ expectations. “Our strategy is not and was not dependent on large-scale M&A.”

With organic food sales having approached $37 billion annually, up 12% from just a year ago, and farmers switching to organic crops at a growing rate, the future of food actually has a nice glow to it. The masses are seeing just how toxic our current approach to agriculture can really be, and we simply do not want it anymore.

Monsanto’s time seems to be slowly and steadily plateauing, and it’s all thanks to you.


Views: 110

Comment

You need to be a member of 12160 Social Network to add comments!

Join 12160 Social Network

"Destroying the New World Order"

TOP CONTENT THIS WEEK

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

Latest Activity

Doc Vega posted blog posts
17 hours ago
tjdavis posted a photo
17 hours ago
Less Prone commented on tjdavis's video
Thumbnail

"The Chinese thought it was an elaborate joke" | Helen Joyce

"It is so ridiculous and sad how we are being manipulated to accept all this nonsense. "
20 hours ago
Less Prone favorited tjdavis's video
20 hours ago
tjdavis posted a video

Afroman - Hunter Got High (Official Video)

Support Afroman and what this video is about by buying HUNTER GOT HIGH merch! LET PEOPLE KNOW HOW YOU FEEL! https://basterecords.com/pages/artists/afroman-me...
22 hours ago
Burbia commented on tjdavis's video
yesterday
Burbia commented on KLC's group MUSICWARS
yesterday
Burbia posted videos
yesterday
Burbia commented on Burbia's video
yesterday
Burbia commented on Sandy's video
Thumbnail

'Then CBS Fired You?': Jim Jordan Questions Catherine Herridge About Reporting On Biden, Hunter

"How many compartments of the government are blatantly corrupt? The 1st Amendment is constantly…"
yesterday
Doc Vega posted blog posts
yesterday
Sandy posted photos
yesterday
tjdavis commented on tjdavis's video
Thumbnail

Judge Joe Brown Just LEAKED JAW DROPPING Info About Diddy's Case

"Best Legal Explanation Of The Trump Trials about a minute in."
Sunday
tjdavis posted videos
Sunday
tjdavis posted photos
Sunday
tjdavis favorited Doc Vega's blog post Welcome Back to the Hive
Saturday
Doc Vega posted blog posts
Saturday
Less Prone commented on tjdavis's photo
Thumbnail

iconism

"Germany remains a country under military occupation by its conqueror. US has 21 military bases and…"
Saturday
Larry Harmen's 2 blog posts were featured
Saturday
Doc Vega's 5 blog posts were featured
Saturday

© 2024   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted