The biotech giant Monsanto, which is responsible for genetically modifying much of the nation’s and world’s crops, announced that its earnings fell 34% in its first fiscal quarter as South American farmers reject GMO crops. This is even more evidence that the number of individuals and farmers who realize the potential dangers of GMOs is growing.
Monsanto’s decline in earnings is also the result of farmers using less acreage for planting corn, reducing demand for the company’s manufactured seeds.
Monsanto shares have decreased nearly 3% since the beginning of the year, while the Standard & Poor’s 500 index has climbed slightly more than 8%. Stock, though, has increased slightly in the last 12 months.
It is no secret that Monsanto has been at the center of controversy over its genetically-modified seeds for some time. After all, where do you think all the March Against Monsanto events have stemmed from? You guessed it – from a widespread resistance against Monsanto’s chemical and genetically modified creations.
With Monsanto filing 145 lawsuits over the last 16 years against farmers who have “improperly reused their patented seeds,” and with Monsanto pouring millions into fighting GMO labeling measures across the country, it wouldn’t be surprising to see Monsanto come to a sudden halt in the not so distant future.
Source : naturalsociety.com