Monsanto

Monsanto
9:37 am
Mon May 13, 2013

High Court Rules For Monsanto In Patent Case

Outside Monsanto headquarters in St. Louis.
(St. Louis Public Radio)

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.

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Business
11:13 am
Tue April 23, 2013

Monsanto Announces $400M Expansion In Chesterfield

Outside Monsanto headquarters in St. Louis.
(St. Louis Public Radio)

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.

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Monsanto
12:43 pm
Wed April 3, 2013

Monsanto Profit Rises 22 Percent In Second Quarter

A field of soybeans grown with Monsanto's genetically-modified Roundup Ready seeds.
(via Monsanto)

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.

Revenue climbed 15 percent to $5.47 billion.

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Business
9:21 am
Wed March 27, 2013

Monsanto, Dupont Agree To $1.5 Billion Licensing Deal

Originally published on Wed March 27, 2013 5:59 am

Genetically-modified seeds — and the technology to produce them — have been at the center of a bitter legal fight between the two companies. Dupont will pay Monsanto more than $1.5 billion in the deal. With that, the companies will drop their patent and antitrust claims against each other.

St. Louis on the Air
3:57 pm
Mon February 25, 2013

Legal Roundtable: Monsanto Likely To Win Case, Gun Legislation, St. Louis Cards Rally Squirrel, Etc.

Old St. Louis County Courthouse
(via Flickr/mike matney)

Last week, the U.S. Supreme Court heard oral arguments in a legal battle between St. Louis-based Monsanto and a 75-year-old farmer from Indiana named Vernon Hugh Bowman.

While some Supreme Court justices have already tipped their hat signifying Monsanto will likely win the case, the issue revolves around whether Bowman violated Monsanto’s patent rights when he planted soybean seeds from a grain elevator.

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Biotechnology - Patents
1:51 pm
Tue February 19, 2013

Supreme Court Seems Ready To Side With Monsanto In Soybean Patent Case

Indiana farmer Vernon Hugh Bowman.
(Dan Charles/NPR)

Updated on Tuesday, February 19, at 6:10 p.m. to add quote from Bowman.

The U.S. Supreme Court heard oral arguments today in a legal battle between St. Louis-based Monsanto and a 75-year-old Indiana farmer.

The case revolves around whether Vernon Hugh Bowman violated Monsanto's patent rights when he bought seeds from a grain elevator and planted them.

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The Salt
3:28 am
Mon February 18, 2013

Farmer's Fight With Monsanto Reaches The Supreme Court

Vernon Hugh Bowman lives outside the small town of Sandborn, Ind.
Dan Charles NPR

Originally published on Mon February 18, 2013 7:35 pm

This week, the Supreme Court will take up a classic David-and-Goliath case. On one side, there's a 75-year-old farmer in Indiana named Vernon Hugh Bowman; on the other, the agribusiness giant Monsanto.

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The Salt
9:24 am
Tue January 15, 2013

Monsanto Lawyer Suggests New Standard For Suing Farmers

A farmer holds Monsanto's Roundup Ready soybean seeds at his family farm in Bunceton, Mo.
Dan Gill AP

Originally published on Thu January 17, 2013 10:08 am

For years, the biotech giant Monsanto has provoked outrage among its critics for suing farmers who save and replant seeds, such as soybeans and canola, from the company's patented Roundup Ready crops.

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Business
7:55 am
Tue January 8, 2013

Monsanto Income Triples Due To Biotech Corn Expansion

Credit (St. Louis Public Radio)

Monsanto says its net income nearly tripled in the agricultural products company's first quarter as sales of its biotech corn seeds expanded in Latin American countries.

The company, which is based in St. Louis, is also raising its profit guidance for the year, and shares are up 4 percent in premarket trading. Monsanto said Tuesday that it earned $339 million, or 63 cents per share, in the three months ended November 30, from $126 million, or 23 cents per share, in last year's quarter.

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The Salt
1:33 pm
Tue October 16, 2012

Farmer Tackling Monsanto's Seed Policy Gets A Day In Supreme Court

Many folks protest Monsanto's business practices, like this Greenpeace protester spraying paint on a company research soybean field in Iowa.
John Gaps III AP

Originally published on Wed February 13, 2013 9:57 am

Why do so many people hate Monsanto?

Is it because this multinational corporation pioneered some enormously successful genetically engineered crops, including corn, soybeans and cotton?

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