Monsanto

Protest Planned Against Monsanto

Maria Altman — Fri, 24 May 2013 22:00:52 +0000

Opponents of agribusiness giant Monsanto say they expect as many as 500 people to gather at the company’s Creve Coeur headquarters Saturday for a protest.

The 1 p.m. rally is part of a larger March Against Monsanto taking place in several U.S. and foreign cities.

Daniel Romano with Safe Food Action St. Louis says he thinks people are ready to vent their frustration over Monsanto’s practices and power.

Supreme Court Rules For Monsanto In Case Against Farmer

Mark Memmott — Mon, 13 May 2013 20:20:20 +0000

A unanimous Supreme Court ruled Monday that an Indiana farmer infringed on Monsanto's patent when he planted soybeans that had been genetically modified by Monsanto without buying them from the agribusiness giant.

In the decision, written by Justice Elena Kagan, the nine justices ruled that "patent exhaustion does not permit a farmer to reproduce patented seeds through planting and harvesting

High Court Rules For Monsanto In Patent Case

The Associated Press — Mon, 13 May 2013 14:37:27 +0000

The Supreme Court has sustained Monsanto Co.'s claim that an Indiana farmer violated the company's patents on soybean seeds that are resistant to its weed-killer.

The justices, in a unanimous vote Monday, rejected the farmer's argument that cheap soybeans he bought from a grain elevator are not covered by the Monsanto patents, even though most of them also were genetically modified to resist the company's Roundup herbicide.

Monsanto Announces $400M Expansion In Chesterfield

Adam Allington and Kelsey Proud — Tue, 23 Apr 2013 16:13:37 +0000

Agribusiness giant Monsanto has announced a $400 million expansion at its suburban Chesterfield research center.

The company plans to add 36 new greenhouses, plus additional "plant growth chambers," offices and laboratory space at the Chesterfield Village Research Center, on the former Pfizer campus. According to Monsanto the project will add as many as 675 jobs over the next three years

Missouri Governor Jay Nixon was on hand to announce the expansion at Chicago’s International Bio Convention.

Monsanto Profit Rises 22 Percent In Second Quarter

The Associated Press — Wed, 03 Apr 2013 17:43:16 +0000

Monsanto says its net income increased 22 percent in the second quarter on strong sales of its biotech seeds.

The agricultural products company boosted its full-year earnings guidance, citing its strong performance in the first two quarters.

The St. Louis company says it earned $1.48 billion, or $2.74 per share in the three months ended Feb. 13. That compares to earnings of $1.21 billion, or $2.24 per share, a year ago.