Forbes Names It's 2009 Company of the Year... MONSANTO!

Submitted by SadInAmerica on Wed, 01/06/2010 - 12:41am.

The headline — "The planet versus Monsanto" — is none too complimentary, but Forbes magazine today selected St. Louis' big agribusiness outfit as its company of the year.

The story mentions Monsanto's critics, some past missteps and some challenges that lie ahead, but ultimately Forbes bases its award on business success:

In economic terms, the company is a winner. It has created many billions of dollars of value for the world with seeds genetically engineered to ward off insects or make a crop immune to herbicides: Witness the vast numbers of farmers who prefer its seeds to competing products, and the resulting $44 billion market value of the company. In its fiscal 2009 Monsanto sold $7.3 billion of seeds and seed genes, versus $4 billion for second-place DuPont.

David Nicklaus - December 30, 2009 - source STLToday

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Submitted by SadInAmerica on Wed, 01/06/2010 - 12:41am.