Monsanto's Stock Is Tanking. Is the Company's Own Excitement About GMOs Backfiring?

I started to put this in another forum but knowing how many feel about Monsanto I figured this forum is 'current good news' for many... if true. The article says many farmers are turning away from Monsanto's GMO crops and roundup herbicide which is causing their profit margin to decline and their stock to drop 25%.

Mother Jones article so believe what you will..

Pity Monsanto, the genetically modified seed and agrichemical giant. Its share price has plunged 25 percent since the spring. Market prices for corn and soybeans are in the dumps, meaning Monsanto's main customers—farmers who specialize in those crops—have less money to spend on its pricey seeds and flagship herbicide (which recently got named a "probable carcinogen" by the World Health organization, spurring lawsuits).

Monsanto's long, noisy attempt to buy up rival pesticide giant Syngenta crumbled into dust last month. And Wednesday, Monsanto reported quarterly revenues and profits that sharply underperformed Wall Street expectations. For good measure, it also sharply lowered its profit projections for the year ahead.

www.motherjones.com...

If true, its the best news I have head for a long time. I consider Monsanto, one of the biggest threats to life on our planet.

a reply to: glend
Does that mean somewhere there is an opposite of Monsanto? Is there a responsible seed and pesticide company in this world.
This is a serious question as I have no idea who would replace them. They have set up the seed system so farmers have to buy seed every year for the new crops. Would it be possible for farmers to go back to family seed banks and keep them for generations, as before.
How would it play out if they went bust?

a reply to: chewi

There are companies that sell heritage seeds but read that Monsanto was buying out even them. A list here might be helpful.

a reply to: glend
They would not be missed as a company then. The seed market would improve without them and their products.
Thanks for the info you posted.

a reply to: 727Sky

We survived at least 6000 years without GMO, we don't need them and I don't trust them.

We need botanist cross breeding for better seeds and more durable plants not chemists.

originally posted by: glend
If true, its the best news I have head for a long time. I consider Monsanto, one of the biggest threats to life on our planet.

Absolutely! you are 100% right! What an evil corporation! Their demise is good news for humanity and the planet.

Now if we could get people to not buy products from other evil corporations we could really start to make a difference. For instance if we could boycott Nestlé corporation until the CEO leaves or stops trying to control the world water supply, we could make a difference.

a reply to: 727Sky

Good. I hope it continues to tank and they fold.

Then maybe it wont cost so much to eat glyphosate/GMO free.

I guess it's a good incentive to spray aluminum and claim that only their products can grow in it...

Yes, they probably would be THAT evil.

it wouldn`t hurt my feelings any if they went out of business.
They seem to have put all there eggs in the gmo basket so if that doesn`t pan out they will be out of business.

a reply to: JHumm
I have applied for a patent that means I own all the worlds water. I have modified it with an extra molecule that within 2 years will have infected the whole worlds water supply.

CEO Nestle.
I even own 2/3 of you!
JOKE.

Here is some shocking news!

Bayer's potential acquisition of Monsanto would create a giant seed and farm chemical company with a strong footprint in the U.S., Europe and Asia, combining two businesses with complementary geographical focus.

But Bayer might have to shed part of its business because of anti-trust concerns. And the price tag on any deal would be huge: Monsanto's market value is around $42 billion.

Germany-based Bayer AG said Thursday in a short statement that its executives had met recently with their Monsanto counterparts "to privately discuss a negotiated acquisition" of the specialist in genetically modified crop seeds.

Source: Phys.org, business news, May 19, 2016 - Bayer takeover of Monsanto would create global giant

Maybe there is the reason for the stock price drop. Wonder what will happen to all the lawsuits Monsanto is facing?

A Monsanto statement said that its board was reviewing the proposal, which is subject to due diligence, regulatory approvals and other conditions. There is no assurance that any transaction will take place, it added.

Bayer shares dropped more than 8 percent to a 2-1/2 year low of 88.39 euros in early Thursday trading, with some investors worried by the potential cost of a deal.

Monsanto shares were seen 7.6 percent higher at $104.50 in pre-market trades.

UBS Global Asset Management, which Reuters data shows is among Bayer's 30 biggest investors, said it was "deeply concerned" about the burden on Bayer's finances from a takeover, saying it would prefer the companies to agree a joint venture or a nil-premium merger.

Source: Reuters -Bayer offers to buy Monsanto in global agrochemicals shakeout

That is quite the shift for both Bayer and Monsanto.