G.O.O.D

Via: FOXBusiness.com

Monsanto Company (NYSE: MON) announced today that it has completed its proposed acquisition of De Ruiter Seeds Group B.V., a Dutch-holding company that owns and operates De Ruiter Seeds, for EUR546 million in cash, or approximately $850 million at current exchange rates, less net debt.

Monsanto will start to transition the De Ruiter Seeds business into its vegetable seeds division alongside its other business units, Seminis and the International Seed Group, Inc. (ISG). Monsanto’s vegetable seed business will serve its customers through three dedicated platforms: protected-culture, open field and regional vegetable seed businesses. The De Ruiter Seeds business will serve the protected-culture vegetable seed market, Seminis will serve the open-field vegetable seed market, and ISG will serve customers of regional seed businesses. Until the transition is complete, business units will continue to conduct business as usual.

“We look forward to working with the people at De Ruiter Seeds and identifying new opportunities for us to combine our strengths to deliver new innovations to growers and customers,” said Consuelo Madere, the Monsanto vegetable seed lead.

From: The Independent

Giant biotech companies are privatising the world’s protection against climate change by filing hundreds of monopoly patents on genes that help crops resist it, a new investigation has concluded.

The study – by the authoritative Action Group on Erosion, Technology and Concentration (ETC Group), based in Ottawa, Canada – has found that nine firms have filed at least 532 patents around the world on about 55 different genes offering protection against heat, drought and floods. If granted, the companies would be given control of crucial natural raw material needed to maintain food supplies in an increasingly hungry world.

Last week, as world leaders met in Rome to discuss the food crisis, GM companies promoted their technologies as the answer to hunger. On Thursday, Monsanto – the biggest and most controversial firm – announced a “commitment” to increase food production, partly by developing crops that need less water.

“Together we must meet the needs for increased food, fibre and energy, while preserving the environment,” said the company’s head, Hugh Grant. “These commitments represent the beginning of a journey that we will expand on and deepen in the years ahead.”

The ETC Group calls this “an opportunistic public relations strategy”, adding: “Monsanto’s business is selling patented seeds for industrial agriculture – not addressing a humanitarian food crisis.”

The report of its investigation shows that Monsanto and BASF – which last year announced a $1.5bn “collaboration” to develop new GM crops, including “ones more tolerant to adverse environmental conditions such as drought” – have between them filed patents for 27 of the 55 genes. Others had been filed by companies such as Bayer, Syngenta and Dow.

The reports says some of the applications are sweeping. One would cover more than 30 crops from oats to oil palms, triticale to tea, and potatoes to perennial grass – “in other words, virtually all food crops”.

It says the “corporate grab on climate-tolerant genes” means that “a handful of transnational companies are now positioned to determine who gets access to key genetic traits and what price they must pay”.

Small farmers in developing countries will be particularly hard hit by such “climate-change profiteering”. Patenting will make the crops expensive and ensure that poor farmers have to buy them every year, by prohibiting them from saving seeds from one harvest to grow for the next.

According to the report, conventional, non-GM breeding techniques are making remarkable progress in developing crops that can tolerate heat, floods and drought. A new Asian rice, due to go on the market next year, can stand being submerged for two weeks without affecting yields, while a new African one flowers early in the morning, escaping the heat of the day.

But, it says, “the patent grab is sucking up money and resources that could be spent on affordable, farmer-based strategies for survival”.

It concludes: “These patented technologies will ultimately concentrate corporate power, drive up costs, inhibit independent research and further undermine the rights of farmers to save and exchange seeds”.

But Croplife, which represents the world’s plant-science industry, retorts; “Patenting is very important. That is how we protect intellectual property and ensure we continue to bring new innovations to the marketplace.” It denies that biotechnology companies are seeking to monopolise world food supplies.

Monsanto is, first and foremost, a chemical company. Let’s not forget that.

From: Reuters

Monsanto Co, the world leader in biotech crops, sees water shortages being a growing issue in the years ahead and expects its drought tolerant corn seed to play a role in easing pressure on this key resource, said Chief Executive Hugh Grant on Friday.

“We’ve been in an energy squeeze and a food squeeze, but I think the water one is going to be even more dramatic (and the) water one is coming,” said Grant, in an interview with Reuters.

St Louis-based Monsanto has just announced it plans to double yield in its three core crops of corn, soybeans and cotton by 2030, compared to a base year of 2000.

Monsanto and Dow Chemical’s AgroSciences unit are partnering to develop the first-ever eight-gene stacked combination in corn, which will start adding to revenue by 2010.

The seed offering will contain eight genes that protect the corn crop against above- and below-ground insects. It also will guard the crop from being damaged by some weed control chemicals.

Monsanto intends to add its own proprietary drought tolerant trait to this offering by 2012.

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From: WIDE EYE CINEMA

On March 11 a new documentary was aired on French television (ARTE – French-German cultural tv channel) by French journalist and film maker Marie-Monique Robin, The World According to Monsanto - A documentary that Americans won’t ever see. The gigantic biotech corporation Monsanto is threatening to destroy the agricultural biodiversity which has served mankind for thousands of years.

From, of all places, vanityfair.com

Scenes like this are playing out in many parts of rural America these days as Monsanto goes after farmers, farmers’ co-ops, seed dealers—anyone it suspects may have infringed its patents of genetically modified seeds. As interviews and reams of court documents reveal, Monsanto relies on a shadowy army of private investigators and agents in the American heartland to strike fear into farm country. They fan out into fields and farm towns, where they secretly videotape and photograph farmers, store owners, and co-ops; infiltrate community meetings; and gather information from informants about farming activities. Farmers say that some Monsanto agents pretend to be surveyors. Others confront farmers on their land and try to pressure them to sign papers giving Monsanto access to their private records. Farmers call them the “seed police” and use words such as “Gestapo” and “Mafia” to describe their tactics.

From AFP

SAO PAULO (AFP) — Around 300 women rural residents in Brazil burst into a property owned by the US company Monsanto and destroyed a plant nursery and crops containing genetically modified corn, their organization said.

The women were protesting what they saw as environmental damage by the crops.

They trashed the plants within 30 minutes and left before police arrived at the site in the southern state of Sao Paulo, a member of the Landless Workers’ Movement, Igor Foride, told AFP.

The Brazilian government had “caved in to pressure from agrobusinesses” by recently allowing tinkered crops to be grown in the country, he said.

GMO’s, Monsanto, Syngenta, famine