Monsanto : Economic Factors For Trade Restrictions And Criticisms Affect The Operation Of Monsanto Seed Company

2869 Words12 Pages
Monsanto is a company that deals with production and sale of genetically engineered products such as seeds, crops and vegetables. Monsanto being one of the leading producers of GMO products is committed to supporting scientific research, with academic and USDA scientists who have complementary areas of expertise (Parekh, 2004).
This is a multinational, biochemical and biotechnological company whose headquarters are in St. Louis, Missouri. It’s a company that deals with vast research, and development of GMO products. Monsanto’s current operation of attaining biological rights is considered as a very big threat to the farmers who have majorly developed similar products. The main controversy is the fact that in the year 2014, Monsanto made a net sale of $10.75 billion dollars which included cotton, soybean, vegetables, seeds and fruits (Young, 2011).
This report seeks to explain how economic factors for instance trade restrictions and criticisms affect the operation of Monsanto Seed Company. In the report, is the explanation of the challenges that Monsanto faces, which primarily include lack of labeling initiatives. Many countries have made their complaints official about the negligence on the part of Monsanto not labeling their products.
Close to 15000 consumers from various parts of the US, majorly Texas have complained to the largest seed producing company on the importance of labeling the products to distinguish them from GMOs. This is due to the negative effects shown

More about Monsanto : Economic Factors For Trade Restrictions And Criticisms Affect The Operation Of Monsanto Seed Company

Get Access