7/2/2010 8:10 AM By John O’Brien -Statehouse Bureau
CHARLESTON — West Virginia Attorney General Darrell McGraw is worried farmers are spending more for soybeans that are producing identical returns as less expensive ones.
McGraw wrote Monsanto Co. vice president David Snively last week to express his concern with promotions geared to encourage farmers to switch from soybeans with the Roundup Ready trait to those with the Roundup Ready 2 trait.
He says, according to the U.S. Department of Agriculture, 2009’s soybean output of 41 bushels per acre is the same as the previous year.
“Although we are aware that Monsanto’s initial commercial Roundup Ready 2 Yield sales for 2009 were not a full scale rollout, we would have expected to see some increased yield for West Virginia as a result of your company’s representation to farmers,” McGraw wrote.
“I am aware that other factors contribute to yields varying from year to year, such as weather or soil conditions, but virtually all of the studies conducted by major universities and independent testing companies corroborate West Virginia’s experience.”
Monsanto advertised increased yields of 7 percent-11 percent. McGraw said he welcomes a meeting with the company before litigation.
The Street, USA Scott Eden 07.04.2010
ST. LOUIS (TheStreet) — Monsanto’s moment of self-reckoning has
arrived — at least when it comes to its financial growth forecasts.
In a conference call with analysts and investors Wednesday morning
following another disappointing quarterly earnings report, Monsanto
management effectively said that they’d got it all wrong. They were
turning over a new leaf — or a new cornstalk, as the case may be.
“This management has eaten a lot of crow,” said Charlie Rentschler,
an equities analyst at Morgan Joseph who participated in the call and
described it as “very sober.”
“They’re admitting their mistakes and they’re trying to modify their
ways. Assuming they can do this, it’s a step-change in how this
company has been operated. As far as I’m concerned they’ve been a
pretty arrogant bunch,” Rentschler said of the company, especially in
its relationships with distributors and end-users on the farm.
“They’ve had a lot of swagger — a do-it-my-way-or-hit-the-highway-
type attitude. They say now that’s going to stop.”
April: we’ll see if this is just another propaganda shot at working their shares back up. Farmers are bowing out of their technologies this year, too many people are now anti-GMO, and a host of other reasons are likely why this article has appeared. Can’t imagine Hugh Grant bowing to anything, but I do think we will see all versions of softer press releases from them. Not sure it will reflect the inner workings of the corporation though: you can say anything on paper: it’s harder to actually DO it. Remember: don’t let those shareholders down: must profit at all costs!
Posted in American Politics & Food, Biotech Companies, Food Security, Monsanto, World GE Politics
Tagged Ban GM crops, Biotech Companies, Canadian Food Politics, Farmer skepticism, Food Secure, Food Security, GMO, Monsanto, Roundup Ready, Roundup Ready 2, SmartStax Corn, Sustainability, Yield promises