Financial-Monsanto Company

Genetically modified foods have a major positive economic impact on the agricultural industry worldwide. The Monsanto Corporation is a United States based agricultural biotechnology corporation, and one of the world’s leading producers of genetically modified seeds and crops. The Monsanto Corporation is also a global leader in scientific research, development and also studies assessing the economic impacts of genetically modified foods designed for human consumption. “Agri-businesses are seeing greater profits due to the increase

Monsanto is a company that effects almost every human in the United States and millions abroad. But what is Monsanto? Monsanto is one of the largest producers of genetically modified crops in the world. Genetically modified crops play a pivotal role in our food supply today. Over 60% of food on the shelves of our supermarkets contain some form of genetically altered soybean, corn or canola. However, Monsanto may not be nice as they seem. Over the past few years Monsanto has been investigated under allegations of collusion and keeping others out of the market with anti-competitive business tactics. Collusion is the cooperation of two or more businesses to keep prices high, when they cooperate the public has no choice to buy these high prices goods, and the companies involved make a fortune. Monsanto’s business tactics are meant to keep competitors out of the market and to force farmers to be dependent on their products.

Monsanto positions itself as a relatively new agricultural company having formed in 2002, and focused on supporting local farmers around the world. They also promote themselves as a guardian of the environment with a mission “to produce more food while conserving more” (Monsanto.com). Today’s Monsanto conglomerate also promotes itself as the “New Merchants,” a leading research company in the field of agriculture-crop production, as well as a strong supporter of public and private research through its grant, donations and University scholarship programs.

Genetically Modified Organisms, or GMO’s, are organisms that have had genes from a different organism implanted into their own genetic code in order to produce a new result (“Genetically engineered foods”). This practice has elicited polar responses across the globe, for a multitude of reasons. Besides the obvious reason, being the morality of changing an organism's DNA for human benefit, one frequently noted problem is the monopolization of GMO’s by the company Monsanto, whose name is nearly synonymous with GMO’s due to their involvement with these crops. Monsanto has been at the center of many controversies regarding GMO’s, and is even considered to be ranked third to last for reputation among all major American companies (Bennett). Most

Monsanto Corporation based on my reading is a company that initially specialized in chemical distribution, after years in this industry switched over to biotechnology, or the genetic manipulation of organisms. After years of growth, controversy and legal issues, they still have been able to maintain the company growth and even has now started producing other goods. This paper specifically discusses efficacy of Monsanto’s ethical culture, costs and benefits of growing GMO seed, and management of harm to plants and animals.

Monsanto has dominated the seed market, controlling the price. For economic reasons, farmers have no choice but to continue to buy Monsanto seeds because if they don’t, they will be forced to pay extremely high prices for non-GMO seeds. Farmers are also dependent on Monsanto because the company is influential in the subsidized food market as they have enabled farmers to save more money when buying Monsanto brand

Health and safety of animals, workers in the slaughterhouse, and the consumers are neglected because the companies only care about making the best profit. For instance, chickens’ breasts are larger than it used to be so they can barely walk. Monsanto is a large corporation producing seed for agriculture. Whenever there are farmers who save their seeds for the next season, Monsanto will sue them. Obviously, a powerless farmer without enough financial support will lose against Monsanto.

Companies that operate under a moral obligation, have a duty to their stakeholders and society to operate in a morally acceptable manner that is not enforced by laws. Monsanto’s early years saw the development of food chemicals such as saccharine, to industrial commodities such as plastic and synthetic rubber to the dangerous agent orange. As of 1981, Monsanto has transitioned their business from a chemical industry to a biotechnology company focused on modified plant seeds. Monsanto can fulfill their moral obligation by providing a better life for the farmers that use their products while also providing a better-quality food product to the consumer. The seeds have been altered to ensure that the farmers are not taking any crop losses to

“Monsanto Company started off its chemical business in 1997, Monsanto traces its roots to John Francisco Queeny, a purchaser for a wholesale drug house, who formed the Monsanto Chemical Works in St. Louis, Missouri”(Barboza). In the mid-1990s, it became the first to widely market genetically engineered

In my opinion if Monsanto respects its shareholders and consumers, its products and services will contribute to society and the broader community with honesty and fairness. The company will recognize if its business developments will prosper in all arears of society by conducting research based on the environment for which the business will be established. The law and the spirit of the law must be followed to establish safe business practices which will prevent frivolous lawsuits. Every country in the world has different cultures and traditions, which should be respected to the letter of the law. A responsible business will not only respect the environment but the people in which it serves.

Nowadays, Monsanto has transformed to agriculture business so as to, as they declared, “find sustainable

Monsanto Company is the world’s largest seed company. They specialize in genetic manipulation of organisms.

The Earth Justice Organization explains the disasters of having GMOs in the environment, consumers and farmers do not want Monsanto to control their diet and are unwillingly force. It continues to explain that Monsanto has domination in food industry and genetically engineered seeds can get accidently mixed with non GE seeds. For example, “a discovered trace amounts

Also, the CEO of Monsanto should focus on the company’s moral obligations to each different government. For example, a major concern for many stakeholders are the safety features of their seeds (Ferrell & Hartline, 2014). As a CEO, performing more extensive testing and research would be beneficial to gaining stakeholders trust. Also, Monsanto should take all responsibility if one of their stakeholder’s customers became sick after eating a product of Monsanto’s seed. Monsanto’s CEO can create versions of their products to comply with the government regulated environment in other

The objective of this report is to analyze the differences in Monsanto’s experiences in the United States and Europe and the reasons of opposition in Europe, despite that, why Monsanto pushed ahead so hard.