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

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…

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

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…

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

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…

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

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…

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Move Over Monsanto – Make Room for 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…

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

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…

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Spraying Roundup – 19 Billion Pounds and Counting

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…

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