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Big Win! Monsanto Reports $156 Million Loss in Q4 as Farmers Abandon GM Crops

The Citizen Media

It’s a tough time for biotech, and thank goodness

Image Credits: jeepersmedia, Flickr Image Credits: jeepersmedia, Flickr

Are you invested in Monsanto stock like Bill Gates, who owns hundreds of thousand of Monsanto shares worth about $23 million? It might be time to pull out since the company just reported over $156 million in losses for the fourth quarter.

“For the quarter ended Aug. 31, Monsanto reported a loss of $156 million, or 31 cents per share, compared with a loss of $249 million, or 47 cents per share, in the same period last year.”

It’s a tough time for biotech, and thank goodness. Monsanto’s losses were attributed to farmers in major agricultural zones favoring soy over GMO corn because of falling crop prices – largely caused by Syngenta’s release of MIR162 corn, which has been completely refused by Chinese officials repeatedly – which have depressed both local and foreign corn bushel prices.

There…

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About Sherayx

Hi, I am a humanitarian...I love this planet, my home, your home, our home...I have been a blogger on WP for some years now...ups and downs but still think it;s one of the best. . I want to bring love and light... We have to look out for each other...we are all we have...

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