Monsanto

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After all the times that Monsanto has come up in class, I found this article rather amusing. It ties in completely with what we've been talking about as far as concerns about GMOs. It seems that the seed companies have finally found a way to set the price too high for seeds, and that action hurt Monsanto's sales. Especially since the more expensive seed did not have a higher yield than the less pricey version.

The article also touches on some patent laws that don't seem to follow the company overseas since Monsanto is has generic Roundup competition from China. Although Monsanto remains strong in the U.S. it is not popular in Europe, due to the resistance to GMOs.

The combination of problems for the seed giant further call into question the limits of GMO possibilities. If Monsanto's new plants don't grow better than the old ones, then it becomes very hard for the company to keep making profits and to stay ahead of the competition.

However, I think more competition would be good for the general health of farming. If the different companies start from different stocks of seed, then competition becomes another way to help maintain genetic diversity.