Industry
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Monsanto Profit Tops Analyst Estimates as Seed Sales Gain in Latin America

Industry

Jan 5, 2012

Monsanto Co., the world’s largest seed company, posted first-quarter earnings that exceeded estimates as Latin American farmers grew more genetically modified corn and said U.S. orders are ahead of last year.

Net income climbed to $126 million, or 23 cents a share, in the three months through November, from $9 million, or 2 cents, a year earlier, St. Louis-based Monsanto said today in a statement. Monsanto said last month that earnings would be 15 cents to 20 cents a share, and the average of 10 estimates compiled by Bloomberg was for profit of 18 cents.

MONSANTO SHIFTS ALL LIABILITY TO FARMERS

Industry

Farmers like genetically modified (GM) crops because they can plant them, spray them with herbicide and then there is very little maintenance until harvest. Farmers who plant Monsanto’s GM crops probably don’t realize what they bargain for when they sign the Monsanto Technology Stewardship Agreement contract (http://www.westernfarmservice.com/pdf/Corn/2009MTSA.pdf).

One farmer reportedly ’went crazy’ when he discovered the scope of the contract because it transfers ALL liability to the farmer or grower.

NO SEEDS, NO INDEPENDENT RESEARCH

Industry

Companies that genetically engineer crops have a lock on what we know about their safety and benefits.

Soybeans, corn, cotton and canola — most of the acres planted in these crops in the United States are genetically altered. ”Transgenic” seeds can save farmers time and reduce the use of some insecticides, but herbicide use is higher, and respected experts argue that some genetically engineered crops may also pose serious health and environmental risks. Also, the benefits of genetically engineered crops may be overstated.

Hershey targets UK and Europe with GE-free products

Industry

Hershey, the US chocolate maker, is to start selling its Hershey’s Kisses and other confectionery in the UK and Europe as it fights to gain sales in a global market dominated by rivals Mars and Kraft.

Asda, the UK subsidiary of Walmart, and the second largest UK supermarket group behind Tesco, is to start selling Hershey products in the UK on an exclusive basis early next year. Hershey established a new European subsidiary in London in August.

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