by Christina Sarich, Natural Society:
Here’s one for the history books, and a slap on the wrist for stock-holders like Bill Gates and George Soros. Monsanto stock has been downgraded to ‘Neutral’ from ‘Buy’ after an annual seed dealer industry survey showed bleak returns.
This may be the most depressing news in seven years for Monsanto, but great news for the seed industry, which has been monopolized by the chemical peddler since the early 1990s. The target price for (MON +0.1%) has been lowered from $140 to $127. Conditions affecting the downgrade include “greater discounting, reduced trait purchases, reduced spending on seeds, and share gains for non-major seeds brands” – with hardly a mention of the grass-roots, and international efforts of people to shine a light on Monsanto’s illegal influence on the world seed market.
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