Monsanto's Repatriation
Monsanto’s Repatriation Program
Overview of Monsanto
Monsanto is a multinational agricultural biotechnology company headquartered in Creve Coeur, Missouri. It was founded in 1901 in nearby St. Louis by John Francis Queeney and named after his wife’s maiden name. It is the world’s largest producer of the herbicide glyphosate which is found in “Roundup” and other similar pesticide products. Monsanto is also the second largest producer of genetically engineered seeds and provides nearly half of all these seeds used in the United States. Agracetus, a research and development campus owned by Monsanto, exclusively produces soybean seed for the commercial market. As well as genetically engineered seeds, Monsanto has introduced bovine growth hormone that is injected into cows to increase milk production. Monsanto has had a huge impact on the agriculture industry everywhere in the world. Some people would say it is a very negative impact as Monsanto has been under scrutiny for many of its business practices in recent years. In 2008 Monsanto was named one of the most influential companies in the world by Business Week magazine.
Monsanto has revolutionized farming by introducing genetically modified seeds in 1996 which are now being used to grow crops all over the world including in China and India. (McGregor, 2008) These developing countries are where the fastest growth is occurring in the biotech crop industry. Cotton yields are up 50% in India which helped farmers double their income from the previous year. (McGregor, 2008) In the Philippines the adoption of Monsanto’s insect-protected corn raised the income of agricultural households above the poverty level. (McGregor, 2008) In total there 282 million acres worldwide are now devoted to biotech crops. (McGregor, 2008)
There has been a cloud of controversy surrounding Monsanto in recent years for many of its business practices. The development and marketing of genetic seeds and bovine growth hormone combined with
Overview of Monsanto
Monsanto is a multinational agricultural biotechnology company headquartered in Creve Coeur, Missouri. It was founded in 1901 in nearby St. Louis by John Francis Queeney and named after his wife’s maiden name. It is the world’s largest producer of the herbicide glyphosate which is found in “Roundup” and other similar pesticide products. Monsanto is also the second largest producer of genetically engineered seeds and provides nearly half of all these seeds used in the United States. Agracetus, a research and development campus owned by Monsanto, exclusively produces soybean seed for the commercial market. As well as genetically engineered seeds, Monsanto has introduced bovine growth hormone that is injected into cows to increase milk production. Monsanto has had a huge impact on the agriculture industry everywhere in the world. Some people would say it is a very negative impact as Monsanto has been under scrutiny for many of its business practices in recent years. In 2008 Monsanto was named one of the most influential companies in the world by Business Week magazine.
Monsanto has revolutionized farming by introducing genetically modified seeds in 1996 which are now being used to grow crops all over the world including in China and India. (McGregor, 2008) These developing countries are where the fastest growth is occurring in the biotech crop industry. Cotton yields are up 50% in India which helped farmers double their income from the previous year. (McGregor, 2008) In the Philippines the adoption of Monsanto’s insect-protected corn raised the income of agricultural households above the poverty level. (McGregor, 2008) In total there 282 million acres worldwide are now devoted to biotech crops. (McGregor, 2008)
There has been a cloud of controversy surrounding Monsanto in recent years for many of its business practices. The development and marketing of genetic seeds and bovine growth hormone combined with
References: Hill, C. W. L. (2011). International Business: Competing in the Global Marketplace. (9th ed., p. 629). New York: McGraw Hill. McGregor, J. (2008, December 11). The World 's Most Influential Companies. Retrieved from http://images.businessweek.com/ss/08/12/1211_most_influential/9.htm Sims, R. (2007). Human Resource Management: Contemporary Issues, Challenges, and Opportunities. (1st ed., p. 100). Charlotte, NC: IAP Snell, S. A., & Bohlander, G. W. (2012). Managing Human Resources. (16th ed., p. 676). Stamford: Cengage Learning.