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Monsanto’s Losses Widen as GMO Seed Sales Decline

Submitted by Food Democracy Now on October 6, 2013 - 8:02pm

The Associated Press:

WASHINGTON — Agricultural business giant Monsanto Co reported worse-than-expected losses for its fiscal fourth quarter on Wednesday, due to lower sales of its genetically engineered seeds.

The company forecast for fiscal 2014 also came in below Wall Street expectations, and it revealed plans to buy farming software and data firm The Climate Corporation. The combination sent shares lower in morning trading.

The GMO Seed Monopoly: Fewer Choices, Higher Prices

Submitted by Food Democracy Now on October 4, 2013 - 5:17am

by Ken Roseboro,

How biotechnology companies monopolize seed markets, escalate seed prices, and eliminate farmer choice.

The introduction of genetically engineered (GE) crops has corresponded with increasing monopolization of seed by biotechnology companies and higher seed costs. This has led to tragedies in some countries, while pushing out conventional, non-GE seeds and reducing farmer seed choices.

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