Monsanto Reports $156 Million Loss in Q4

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

Monsanto-Reports-$156-Million-Loss-in-Q4

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 is a looming $1 billion dollar class action lawsuit Syngenta will face, currently pending in three states over the release of AGRISURE VIPTERA® 4. All three class action suits were filed this past week in Federal Courts by U.S. farmers.

Syngenta also just happens to be the company that has covered up the true toxicity of Atrazine, and the company has been sued in six different states to clean up more than 1000 water systems in six states where the herbicide has been found polluting rivers, streams, and lakes.

Soybeans sales are still around $200 million, doubled from previous years, but they account for a much lower market share than the GMO corn products which Monsanto sells and promotes for use with their toxic herbicide, RoundUp.

Adjusted losses for the biotech bully come to 27 cents a share, three cents worse than estimates.

While it would have been nice to take down this Agri Business giant for different reasons, it seems the company’s partner in crime, Syngenta, is doing the work of dismantling the GMO paradigm for us.

In the last two years, Monsanto has reported huge losses, so we must be doing something right. If this trend continues, and it should if we continue the good fight, then we can all hope to see the GMO Empire crumble in due time. Continue raising awareness and purchasing non-GMO, organic foods. Voice your words with your dollar.

Source | NaturalSociety

Find us here

Get news from the CSGLOBE in your inbox each weekday morning

The views and opinions expressed in this article are those of the authors/source and do not necessarily reflect the position of CSGLOBE or its staff.

Paid content

Georgia House Votes To Allow Citizens To Abolish Police Departments In The State

The Georgia House backed an effort on Friday to dissolve the Glynn County Police Department and any...

China Is Turning The Rainforest Into Cheap Furniture For The U.S.

Driven by American demand for cheap furniture, China has become the greatest importer of illegal timber. The...

Racial wounds rip open under a president with a history of exploiting them

President Donald Trump has spent much of his adult life building his brand around racial divisions.

What's New Today

Georgia House Votes To Allow Citizens To Abolish Police Departments In The State

The Georgia House backed an effort on Friday to dissolve the Glynn County Police Department and any...

Leaked CDC document contradicts Pence claim that U.S. coronavirus cases ‘have stabilized’

Even as Vice President Mike Pence wrote in a Wall Street Journal op-ed published Tuesday that coronavirus...

Five bombshells about Trump from Bolton ‘s book

Excerpts from former national security adviser John Bolton ’s book about his time in the Trump administration...

Don’t Listen to Fox. Here’s What’s Really Going On in Seattle’s Protest Zone.

It seems I live in a city undergoing a “totalitarian takeover” that will lead to “fascist outcomes”...

MOST READ

What Is Agenda 21? Depopulation of 95% of the World By 2030

Most people are unaware that one of the greatest threats to their freedom may be a United Nations program which plans to depopulate 95%...

Putin has Banned Rothschild and His New World Order Banking Cartel Family from Entering Russian Territory

As of recently, Russian president Vladimir Putin took yet another decision for his country. "Under any circumstances", the Rothschild family is banned from entering Russian territory. Along...

15 Mind Blowing Technologies Invented By The Nazis

Nazi Germany developed a huge amount of technology that was either suppressed after the war or became the stuff of conspiracy theories. Some of this...

Georgia House Votes To Allow Citizens To Abolish Police Departments In The State

The Georgia House backed an effort on Friday to dissolve the Glynn County Police Department and any...

News Flash: Fukushima Is Still a Disaster

The corporate media silence on Fukushima has been deafening even though the melted-down nuclear power plant’s seaborne radiation is now washing up on American...

Secret Nazi hideout discovered deep in Argentine jungle

Archaeologists explore possible Nazi hideout deep in remote Argentine jungle: report Archaeologists in Argentina believe a collection of ruins found deep in a remote jungle...

Flashback: Presidential Candidate Hillary Clinton Supports Monsanto

As Hillary Clinton gears up to enter the 2016 presidential race as announced today by her beyond viral Twitter post, we are reminded of...

UK Government Set to Support Monsanto in EU Court

UK Government Set to Support Monsanto The UK Government has confirmed that it will support Monsanto in a European court case brought by European civil...

Human Resources

It’s a documentary about Social Control, examining the history, the philosophy and ultimately the pathology of elite power. Overall, Human Resources is rough around the edges but...

This Is The Fastest Star Ever Seen In Our Galaxy

Fastest Star Ever Seen In The Milky Way Is Headed Out Of Our Galaxy Almost a decade after its discovery, astronomers have learned that a...

CDC: This Year’s Vaccine Doesn’t Work!

US Centers for Disease Control Issues Flu Vaccine Apology The following video from Gary Franchi of NextNewsNetwork reveals the shocking admission by the CDC that...