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Monsanto

Monsanto

American multinational agricultural biotechnology, seed, and agrochemical company

Monsanto provides products and tools for farmers to improve crop yields. Monsanto was founded in 1901 by John F. Queeny and named after his wife Olga Monsanto Queeny. First an industrial chemicals manufacturer, it later became focused on agriculture. Formerly known as Monsanto Ag, the company changed its name to Monsanto Company in 2000. Bayer acquired Monsanto in June 2018. Bayer stated that it plans to drop the Monsanto name.

In the 1920s and 1930s Monsanto manufactured sulphuric acid and other chemicals such as polychlorinated biphenyls (PCBs). Monsanto established its agricultural division focusing on herbicides in the 1960s. In 1997 Monsanto formed the subsidiary Solutia Inc. for its chemicals and fibers business, which later became a subsidiary of Eastman Chemical Company. The glyphosate-based herbicide Roundup was commercialized in 1976, and later developed genetically engineered crops resistant to glyphosate. Monsanto has bought several seed companies in 2011 had 26% of the market share of seeds.

Biotechnology

Monsanto’s first biotechnology product was a hormone for dairy cows called Posilac. In 1996 the first crops produced using biotechnology were Roundup Ready soybeans genetically engineered to tolerate Roundup herbicide and cotton engineered to resist insect damage. Additional crops produced using biotechnology by Monsanto became available in 1997 including canola, cotton and corn. Roundup Ready corn became available in 1998. Roundup Ready products may provide economic benefits to farmers and environmental benefits by allowing no till farming, less herbicide and Roundup is claimed to be less toxic than other alternatives. However weeds can develop resistance and require higher doses of Roundup.

Bt corn and other Bt products from Monsanto are genetically engineered to express toxins derived from the soil bacterium Bacillus thuringiensis (Bt) which kill insect pests such as the European corn borer. The Bt toxin is activated inside the gut of insects that eat it. Bt crops, available since 1996, have allowed farmers to use less insecticides.

Pivot Bio and Monsanto are collaborating to develop strains of Bradyrhizobium soil bacteria with enhanced nitrogen production to increase soybean yields.

In a collaboration with Pairwise Plants, Monsanto invested money and personnel as Monsanto’s vice president of global biotechnology, Tom Adams left to become chief executive of Pairwise. Developments coming from the collaboration include gene editing with CRISPR technology to improve foods.

Controversy

Between 1962-1971 Monsanto was one of the main companies supplying the herbicide later known as Agent Orange to the U.S. military, used to destroy forest cover and food crops used by the enemy North Vietnamese and Viet Cong troops.

In 2003, Monsanto and Solutia Inc. agreed to a $600 million settlement for residents of Anniston, Alabama over ground and water contamination with PCBs.

In 2017 more than 800 patients were suing Monsanto claiming Roundup caused their cancer. In August 2018, the jury of the Superior Court of California awarded $250 million in punitive damages and $39 million in compensatory damages to former school groundskeeper Dewayne Johnson who claimed the herbicide caused his non-Hodgkin’s lymphoma.

Timeline

August 10, 2018
Shares in Bayer have lost 25 percent in value since Aug. 10, when a San Francisco jury awarded $289 million to Dewayne Johnson on grounds Monsanto failed to warn the school groundskeeper and other consumers of the cancer risks posed by glyphosate-based RoundUp and Ranger Pro.
2018
Bayer acquired Monsanto this year for $63 billion.
2018
A California jury awarded $289 million to a California groundskeeper, finding Monsanto's glyphosate-based weed killers caused his cancer.

People

Name
Role
LinkedIn

Aabid Shariff

Employee

Abhinav Luthra

Employee

Abhishek mamidi

Employee

Abhishek Rai

Employee

Abhishek Verma

Employee

abirami v

Employee

Ablat

Employee

Abraham Tesfamariam

Employee

Adrienne Todd

Employee

ahmed magdy

Employee

Aishwarya Swamy

Employee

Akshita Dutta

Employee

Al Liu

Employee

Alana Lerch

Employee

Aldo Panchi

Employee

Alfredo Merlet

Employee

Alice Chang

Employee

Alistair Hide

Employee

Alvin Ong

Employee

Amrita Dokania

Employee

Ana Mollinedo Mims

Employee

Anaswara Vikas

Employee

Andrés Angulo Belaunzarán

Employee

Andrés Escobar

Employee

Angel Turner

Employee

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Further reading

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Documentaries, videos and podcasts

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Companies

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News

Title
Author
Date
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Description
Jeremy Berke and Yeji Jesse Lee
May 7, 2021
Business Insider
Welcome to Insider Cannabis, where we're bringing you an inside look at the deals, trends, and personalities driving the multibillion-dollar cannabis boom.
Bailey Glasser
March 5, 2021
www.prnewswire.com:443
/PRNewswire/ -- Ninety-three law firms and 167 lawyers from across the nation filed a brief in federal court in San Francisco today opposing a proposed class...
Group 1 Automotive, Inc.
March 1, 2021
www.prnewswire.com:443
/PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI), ("Group 1" or the "Company"), an international, Fortune 500 automotive retailer, today announced the...
Paul D. Thacker
February 15, 2021
Grist
Disclosures of financial conflicts are now required in medical research, but we need them in all sciences.
The Associated Press
July 21, 2020
CTVNews
A California appeals court on Monday upheld a groundbreaking verdict that Monsanto's widely used weed killer caused cancer in a school groundskeeper but the panel also slashed the damage award from US$78.5 million to $21.5 million.
Christine Sheppard
June 30, 2020
the Guardian
The World Health Organization reported a likely link between Roundup and cancer in 2015. Photograph: Mike Blake/Reuters
The Associated Press
June 24, 2020
CTVNews
German pharmaceutical company Bayer says it's paying up to US$10.9 billion to settle a lawsuit over subsidiary Monsanto's weedkiller Roundup, which has faced numerous lawsuits over claims it causes cancer.
Carey Gillam
June 4, 2020
the Guardian
Bill Bader surveys his peach trees for damage he says is from illegal use of the herbicide dicamba in 2016. Photograph: Bryce Gray/AP
Carey Gillam
April 20, 2020
the Guardian
Leaves of Bader Farms' peach trees bear holes and discoloration that the owner believes is the result of drift from illegal applications of the herbicide dicamba on area farms, near Campbell, Missouri. Photograph: Bryce Gray/AP
Reuters Editorial
April 15, 2020
U.S.
Shareholder advisory groups are divided over whether to endorse the management and directors at German drugs and pesticides company Bayer , according to recommendations submitted by proxy voting firms.
Carey Gillam
March 30, 2020
the Guardian
A chemical plant in Schwarzheide, Germany, owned by BASF, which has partnered with Monsanto on a dicamba-tolerant cropping system. Photograph: Annegret Hilse/Reuters
March 26, 2020
WebWire
The voluntary special audit at Bayer AG has been completed following the presentation of the review report by Prof. Dr. Hans-Joachim Böcking of the Goethe University, Frankfurt, and has yielded a positive outcome for the company. The purpose of the audit, which was conducted on the basis of recent projects, was to evaluate the appropriateness of the company's internal specifications and requirements for material M&A transactions in the future. In his review report published on Tuesday, Böc...
Damian Carrington Environment editor
March 12, 2020
the Guardian
Glyphosate is the world's most widely used weedkiller. In 2015, the World Health Organization's cancer agency, the IARC, declared that it was probably carcinogenic. Photograph: Christian Hartmann/Reuters
Bloomberg
March 7, 2020
@bsindia
Bayer shares are down 31% since the company completed the $63 billion takeover of Monsanto, prompting some investors to demand the resignation of Chief Executive Officer Werner Baumann.
Tina Bellon
January 24, 2020
U.S.
Bayer AG is set to face a fourth U.S. jury trial over allegations that its popular weed killer Roundup causes cancer, with four cancer patients in the hometown of its agricultural subsidiary Monsanto scheduled to make their case beginning on Friday.
Jonathan Stempel
November 22, 2019
U.S.
Monsanto pleaded guilty to spraying a banned pesticide on the Hawaiian island of Maui, and agreed to pay $10.2 million in criminal fines and other payments for the spraying and for illegally storing hazardous waste, U.S. prosecutors said.
Ludwig Burger
October 30, 2019
U.S.
Germany's Bayer said on Wednesday that the number of U.S. plaintiffs blaming its glyphosate-based weedkillers for their cancer mushroomed to 42,700 from 18,400 in July, raising the stakes in the group's efforts to reach a settlement.
Jon Daly And Belinda Varischetti
October 10, 2019
ABC Rural
For the first time in Australia, a farmer is taking legal action against Monsanto -- the manufacturer of Roundup -- claiming it caused his cancer.
Patricia Cohen
September 20, 2019
www.nytimes.com
After a blockbuster acquisition, Bayer may lose billions over claims that the No. 1 agricultural chemical is unsafe. But its market niche seems secure.
Tina Bellon
June 18, 2019
U.S.
Bayer AG has asked a California judge to overrule a $2 billion verdict by jurors who found the company's glyphosate-based Roundup weed killer responsible for a couple's cancer, arguing the jury decision was not supported by evidence.
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References

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