Posted on

$66 billion Check for one of the World’s Most Hated Companies?

say_no_to_monsanto_alberta

Touch the Soil News #492 (feature photo: John Novotny CC 2.0) It is official, Monsanto has accepted an offer – by Bayer of Germany – to acquire Monsanto. Normally, mega companies often trade or exchange stock when merging. However, this deal is totally in cash – the biggest cash deal in human history. We got our hands on the official press release from Bayer (a German company famous for the Bayer aspirin). A large portion of Bayer’s operations are, however, in agricultural chemicals. The boards of directors of both companies have agreed to the deal – now it needs stockholder approval and the approval of regulators in Germany and the…

Read more

Posted on

Is Monsanto in Financial Trouble? And What About the Pee Test?

Presentation1

Touch the Soil News #419 Monsanto’s problems in India and Argentina (they both materially cut back royalties paid to Monsanto on GMO cotton seeds) seem to be just a few of the increasing number of problems facing the company. Earlier in the year, Monsanto was fined $80 million by the Securities and Exchange Commission for account irregularities in its financial reports. The following Info Graphic #1 shows Monsanto sales and net income for the first half of 2014, 2015, and 2016. Shocking is that sales are down 25 percent over the two year period and net income down 60 percent. Monsanto’s licensing of glyphosate (active ingredient in RoundUp) in the…

Read more

Posted on

Paying $62 billion For One of the World’s Most Hated Companies

800px-Bayer-kaufhaus

Touch the Soil News #387 Industrial agriculture is materially defined by the GMO seeds and toxic chemicals it uses. Bayer AG from Germany just announced on May 23, 2016 that it made an all cash offer to buy Monsanto for $62 billion. If the deal comes together, it will create the world’s largest seller of GMO seeds and farm chemicals. This is the largest all-cash offer ever made in the history of capitalism. Bayer AG will become one of the most deeply indebted companies as it plans to assume approximately $9 billion of Monsanto debt, sell new Bayer Ag stock for $15.5 billion and borrow another $37.5 billion. Announcement of…

Read more

Posted on

Is Monsanto – The Publically Proclaimed GMO Villain – About to Collapse?

800px-Burgerinspectie_bij_Monsanto_Enkhuizen_2010-11-02_b

Touch the Soil News #384 With a long history of buying other companies and thwarting efforts by states to label foods containing GMOs, Monsanto may be consumed by another beast – Bayer Ag from Germany. Bayer Ag (twice the size of Monsanto) has announced it has visited with Monsanto officials for an unsolicited takeover. Monsanto is consumed with a host of problems that are impacting the value of the company. The problems are of such magnitude, that Monsanto has turned from feeding on smaller prey, to becoming fodder for a bigger fish. In its weak condition, Monsanto stockholders may want to bail ship and sell the company. Here is a…

Read more

Posted on

Move Over Monsanto – Make Room for Syngenta

Syngenta

Touch the Soil News #315 Monsanto, arguably one of the most hated corporations in the world, is not alone in the GMO realms of dissatisfaction. Syngenta, an agrochemical company equal in size to Monsanto is being accused of leading tens of thousands of farmers in the U.S. astray by encouraging them to raise Vipter – a GMO corn. According to a report by Food Democracy Now, at the heart of the controversy is that Syngenta led farmers to believe that this variety of GMO corn would be accepted in China – a large importer of corn. Unfortunately for Syngenta, that was not the case and China backwashed on the American…

Read more

Posted on

$80 Million Fine on Pumped-Up Earnings Figures – Another Chip Against Monsanto

480px-Official_portrait_of_Mary_Jo_White

Touch the Soil News #310 Recently we were alerted that the Securities and Exchange Commission (SEC) had been investigating Monsanto for civil account violations after it allegedly misstated its earnings in connection with its top-selling Roundup product. Recall that Monsanto’s Roundup is under global scrutiny and attacks after an international panel of doctors said glyphosate (the active ingredient in Roundup was a possible human carcinogen). From its 2/9/2016 press release, the SEC announced that St. Louis-based agribusiness Monsanto Company agreed to pay an $80 million penalty and retain an independent compliance consultant to settle charges that it violated accounting rules and misstated company earnings as it pertained to its flagship…

Read more

Posted on

Spraying Roundup – 19 Billion Pounds and Counting

P1020566

Touch the Soil News #301 A recent research paper by Dr. Benbrook for the Environmental Sciences of Europe reveals that global application of glyphosate has reached approximately 19 billion pounds since its introduction in 1974. Glyphosate is the active ingredient in the herbicide Round Up. It is primarily designed to be sprayed on crops that have been genetically engineered to survive the poison that kills living plants. Since the mid- 1990s, there has been a significant change in when and how glyphosate has been applied and a dramatic increase in total volume applied. The most prevalent GMO crops (glyphosate resistant) that use Round Up are corn, soybeans, canola, alfalfa and…

Read more

Posted on

Knocking on Heaven’s Door – Monsanto

Photo - John Vovotny, licensed under Creative Commons Share Alike 2.0

Touch the Soil News #206 Many are familiar with Bob Dylan’s song – Knocking on Heaven’s Door. The lyrics of the song talk about getting close to knocking on heaven’s door. So, is Monsanto having problems that are serious? We’ll let you be the judge. Inspecting a Monsanto facility in the Netherlands (photo – Luther Bissett – Licensed under Creative Commons Share Alike 2.0) Following are a number of problems/issues that Monsanto is currently plagued with. Together, all of these items carry a real punch. Monsanto made several “desperate” attempts to buy Syngenta. Syngenta is a Swiss company in similar lines of business with success in geographic areas not dominated…

Read more

Posted on

News Roundup – Food Chain News You Might Have Missed

newsRoundup

Touch the Soil News #169 8/24/15 │ Germany and Scotland to Ban GMO Crops Nations in the European Union have the right to accept or reject GMO crops. The have until October 3, 2015 to decide. Germany has decided to ban the growing of GMO crops. German Agriculture Minister – Christian Schmidt – will inform the EU of Germany’s decision. Fourteen days earlier, Scotland also banned GMOs. 8/25/15 │ Turkey Bacon Feared to be Unfresh The newly formed food mega-giant Kraft Heinz got its dates mixed up on turkey bacon packages. Seems that some of the product is at risk of going bad before the “pull date.” To limit the…

Read more

Posted on

Food-Chain News Roundup

newsRoundup

Touch the Soil News # 121 – includes 4 videos   Monsanto Blunders in its Approach to Buy Syngenta Swiss company Syngenta, has been dogged by Monsanto to sell itself to Monsanto (three tries so far). Monsanto has offered a deal worth $45 billion. However, Syngenta believes their company is worth far more than Monsanto’s proposal. In addition, Syngenta feels such merger is dangerous if it cannot be consummated without hang-ups and regulatory snags. Should the two companies try to merge and fail, it could hurt the value of Syngenta. Monsanto has agreed to put up a $2 billion safety net that would go to Syngenta should the deal fail.…

Read more