Food Image Credit: peasap / / CC BY

Published on May 31st, 2013 | by James Ayre


Monsanto Corporation Reports 20% Increase In Earnings For Fiscal Year 2013 — Controversial GMO Company Continues Growing

Monsanto Company recently reported that it was expecting significant earnings growth for fiscal year 2013 — greater than 20%. And also that said growth will likely continue through into fiscal year 2014 — with the continued growth then projected to be somewhere around 10-20%.

Image Credit: peasap / / CC BY

Image Credit: peasap / / CC BY

That’s significant growth, especially when you consider how massive the corporation already is. The notorious multinational biotechnology company — famous for its GMOs (genetically modified organisms), GE seeds (genetically engineered), and toxic chemicals (DDT, Agent Orange, PCBs, etc) — has been continuing to do quite well, regardless of the growing public mistrust of the company. Such a reality is of course not a surprise, and just goes to show the large disconnect between the infrastructure that many people currently live in/depend upon and their ability to influence it.

Monsanto attributes much of its recent growth to the expansion of its global corn business into Latin America.

Here’s some doublespeak from the company:
“We’re in a growth mode, and with the combination of momentum in our core businesses and new layers of growth coming online from an increasingly global portfolio, we have the strategic drivers in place to continue our growth trajectory next year and beyond,” stated Hugh Grant, Monsanto’s chairman and chief executive.. “Our opportunity is driving yield and productivity and, even against the yearly variability in agriculture, the long-term need for greater agricultural productivity and the strong fundamentals in our business create a compelling runway for our company.”

In related news, a large worldwide protest against the company took place on May 25th, and drew over 2 million participants. A pretty good showing. :)

Also, a “Monsanto-created, genetically modified strain of wheat that was never approved by the United States Department of Agriculture” was recently discovered growing on at least one farm in the US. As a result, several major importers of US wheat have suspended some of their imports. “Japanese authorities have already opted to cancel part of a tender offer to buy US western white wheat and have suspended imports of both that variety and feed wheat,” as Reuters reports.

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About the Author

James Ayre's background is predominantly in geopolitics and history, but he has an obsessive interest in pretty much everything. After an early life spent in the Imperial Free City of Dortmund, James followed the river Ruhr to Cofbuokheim, where he attended the University of Astnide. And where he also briefly considered entering the coal mining business. He currently writes for a living, on a broad variety of subjects, ranging from science, to politics, to military history, to renewable energy. You can follow his work on Google+.

  • Guest44192

    Monsanto isn’t a good company, its yesterdays story. Everyone around the world are switching green regardless of the seeds being tainted by Monsanto’s negligence of studying biotech consequenes enough. It made fast progress only by taking advantage of people’s lack of knowledge in an age where the technology was new, know we know a little of what its trying to do, basically its covering up at the moment, spending billions to keep people’s mouth shut and on legal fees to sue innocent people like farmers. Its not growth but trying to survive like a parasite. Its too big for know, innocent people even committed suicide around the world because of this company. Its yesterdays story, its gone, shareholders money are used for its survival, the technology disrupts the ecosystem it isn’t sustainable.

  • JustAGuest

    “the the”…that is all. Otherwise good read.

    • Austin

      Thanks. Fixed. :)

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