Wednesday, April 24, 2013

Monsanto to spend $400 million on research site expansion

http://www.reuters.com/article/2013/04/23/monsanto-expansion-idUSL2N0DA1GE20130423



Monsanto will add 36 new greenhouses and add space to house about 2,000 workers

Gobal seed developer will spend $400 million to expand a research center focused on development of
new genetically altered crops.

Monsanto is expecting to sell a record amount of corn this year and has around 1.8 billion $ of free cash flow to play with as well.
And now it really begins.......

3 comments:

  1. I have never heard of Monsanto until the beginning of this semester and now I hear about them constantly. I can't believe they have their own seed police. An organic farmer got sued by them because seeds from a GMO farmer got blown into his field and it took him millions of dollars in court costs and 6 years to finally clear his name.

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  2. I feel the same as Brian does, up until this year I also have never heard of Monsanto. Its insane to think that farmer got sued by Monsanto because seeds from another farmer got blown into his field. There needs to be something done about them and soon. Also i think that your picture is also very interesting that the animals went after the organic corn first and barely even touched the GMO. Is it saying something? Will find out sooner or later.

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  3. I here of Monsanto before in my business classes. It is sad to here about the farmers. In a video I watched they mentioned how in a small farming community that uses Monsanto seeds there at least on suicide a year because the farmers can't afford the increasing prices of the seeds.

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