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Monsanto's going down!

by: Marcia Ishii-Eiteman

Fri Oct 29, 2010 at 10:32:29 AM PDT


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( - promoted by Jill Richardson)

Originally posted on Pesticide Action Network's blog, Groundtruth.

Monsanto's humiliations are all over the news these days. Last week we heard that Monsanto is actually paying farmers to spray their fields with competitors' weedkillers. Monsanto's latest press release announces it is offering RoundupReady cotton farmers up to $20/acre to pour on extra herbicides. In fact, The Organic Center reports that this bizarre practice-a reversal of Monsanto's traditional exhortations to rely on its own chemical Roundup-has actually been going on for over a year now, a response to the Monsanto-induced epidemic of superweeds now ravaging the country.

The Ship is Sinking

By now even Forbes has recanted, acknowledging it got it all wrong last year when it named Monsanto "company of the year." After a century of bad deeds, this corporation is finally taking its karmic hit.

Marcia Ishii-Eiteman :: Monsanto's going down!
Monsanto's humiliations are all over the news these days. Last week we heard that Monsanto is actually paying farmers to spray their fields with competitors' weedkillers. Monsanto's latest press release announces it is offering RoundupReady cotton farmers up to $20/acre to pour on extra herbicides. In fact, The Organic Center reports that this bizarre practice-a reversal of Monsanto's traditional exhortations to rely on its own chemical Roundup-has actually been going on for over a year now, a response to the Monsanto-induced epidemic of superweeds now ravaging the country. As Tom Philpott explains, it's a desperate last-hour attempt by the giant seed and pesticide company to slow the wildfire spread of noxious weeds resistant to Roundup, an epidemic which essentially spells the demise of Monsanto's entire RoundupReady "system of weed management." Other last-ditch efforts by Monsanto to keep revenue coming in include genetically engineering its Roundup Ready seeds for "enhanced resistance," that is the ability to withstand-at least temporarily-even heavier dousings of Roundup. Talk about trying to smother a fire with gasoline.

What is really needed, as many weed scientists and organic farmers have been saying all along, are not more chemicals in a never-ending pesticide treadmill, but ecological weed management, including such tried and true practices to suppress weed populations as mulching, crop rotations and planting cover crops. But chemical companies won't reap the same profits if farmers shift towards reduced-chemical, agroecological farming farming. That is why Monsanto-and competitors such as Dow Agroscience, Bayer and BASF-are still frantically trying to engineer new proprietary seeds, double and triple stacked with resistance to all kinds of herbicides, including some really old and dangerous ones like 2,4-D (the infamous ingredient in Agent Orange, the dioxin-laced Vietnam War defoliant).


The Ship is Sinking

By now even Forbes has recanted, acknowledging it got it all wrong last year when it named Monsanto "company of the year." After a century of bad deeds, this corporation is finally taking its karmic hit.

   * The New York Times reported earlier this month the failure of Monsanto's newest GE corn and the company's plummeting stock-down 42% since the start of the year.
   * West Virginia is suing Monsanto for failure to cooperate in the state's investigation of the company's advertising and pricing of its Roundup Ready 2 soybeans.
   * Earlier this year, seven U.S. state attorney generals launched an investigation into whether the company has abused its market power to lock out competitors and illegally jack up its prices.
   * The U.S. Department of Justice is continuing its own probe of Monsanto and other seed companies' possible violation of anti-trust laws, in the context of unprecedented corporate consolidation in the seed and pesticide industry.
   * U.S. federal courts have recently blocked the planting of GE sugar beets and GE alfalfa, ruling that USDA's prior approvals were illegal.
   * At the UN Biodiversity Convention in Nagoya, Japan, people's movements are demanding an end to Monsanto and other corporations' "gene patent grab."

Meanwhile, the company's flagship pesticide Roundup has been linked with birth defects, human cell death, and loss of soil fertility and reduced plant productivity.

For over a decade, Monsanto has been promising its GE-pesticide package as the solution to many of the world's woes-while PANNA, along with scientists, farmers and partners around the world have been saying "no, it's not." Now the short-sightedness, corporate greed, and ecological illiteracy behind their broken promises are coming back to bite them. I'd savor this moment except that the environmental wreckage and loss of farmers' livelihoods in the U.S. and around the world is too high a price to pay for the bitter satisfaction of being proven right.

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Monsanto has really not been profitable (4.00 / 3)
They were bought in the 90's by AHP when they were drowning in debt and when the company was spun off in early 2000's as a independent company they were debt free.

Now a decade later, Monsanto's product lines are failing, they are losing legal battles and USDA is has been humiliated by the Judge in the sugar beet case for failing to follow their own protocol's when granting approval for new GMO applications.

Monsanto's success have been entirely due to regulatory capture. Without the support of the US government Monsanto would have gone broke long ago.


regulatory capture (4.00 / 1)
Good golly Miss Molly.

Monsanto stock price 2000-2010, percentage change from baseline

Monsanto stock price 2000-2010, dollars. On the Zoom line, click the "Full" button.

Regarding regulatory capture, from Monsanto:

Phil Angell, Monsanto's director of corporate communications (referring to the U.S. Food and Drug Administration) explained the company's regulatory philosophy to Michael Pollan in 1998: "Monsanto should not have to vouchsafe the safety of biotech food. Our interest is in selling as much of it as possible. Assuring its safety is FDA's job."

Symbiosis is wonderful.


[ Parent ]
safety (4.00 / 1)
I'm sure - Monsanto must have the same attitude with regard to the USDA and the safety of ag chemicals.

[ Parent ]
I'm sure you're right (4.00 / 2)
That's the problem with large companies where the management gets so far removed from the people who are consuming the products the company makes. When you can't look someone in the eye, it's much easier to do harm be that intentional or not.

And then you get people like the person you qoted above -

"Monsanto should not have to vouchsafe the safety of biotech food. Our interest is in selling as much of it as possible. Assuring its safety is FDA's job."

and you have the makings of what look suspiciously like a sociopathic business plan. I wonder if Mr. Angell is a sociopath? If he's comfortable in following the philosophy he stated, then I should think that would qualify him as one.

Normal people scare me.... But not as much as I scare them.


[ Parent ]
Monsanto claims its chemicals are safe (4.00 / 2)
You're absolutely right!

Here's what one Monsanto guy says - conveniently ignoring all the emerging data on Roundup's links to birth defects and human cell damage (quoted on The Organic Consumer Association's page):
"Roundup has one of the most extensive human health safety and environmental data packages of any pesticide that's out there," said Monsanto spokesman John Combest. "It's used in public parks, it's used to protect schools. There's been a great deal of study on Roundup, and we're very proud of its performance."

And in one ad , from awhile back:

"Roundup can be used where kids and pets'll play and breaks down into natural material." The ad shows a person with his head in the ground and a pet dog standing in the area treated with Roundup.

We can rest assured, Monsanto's web page explains how they are all about "Helping improve the lives of all farmers who use our products, including an additional five million people in resource-poor farm families by 2020."

Isn't that great!
Marcia Ishii-Eiteman


[ Parent ]
ad (0.00 / 0)
Head in ground is an unfortunate image, isn't it? I couldn't locate that commercial, but children and pets may play.

Of course the trouble with those studies showing cell damage, birth defects, and other human health and environmental damage is, they probably weren't paid for by Monsanto. Studies sponsored by Monsanto turn out great.



[ Parent ]
roundup - "children & pets may play" (4.00 / 1)
thanks for that link to the Monsanto ad stating "children and pets may play once it dries." The calm voiceover also reassures us that you can just pour any leftover Roundup directly onto "wasteland or uncultivated ground" (what exactly is wasteland? and if land is "uncultivated", then we don't need to care about the soil biota that will be harmed or reduced plant vigor associated with Roundup?). The voice also soothes us saying Roundup "breaks down into harmless materials in 30 days". And BEFORE 30 days? not sure how that jives with "children and pets may play".  

[ Parent ]
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