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How Mitt Romney Helped Monsanto Take Over the World

Today, Monsanto looms over the global ag landscape like a colossus. It is the globe's largest seed purveyor—and its dominant vendor of genetically modified traits. How dominant? Here's NPR on the company's mastery over the US GMO market: "More than 9 out of 10 soybean seeds carry [Monsanto's] Roundup Ready trait. It's about the same for cotton and just a little lower for corn." It also sells nearly $1 billion worth of herbicides every three months.

But for all its clout, Monsanto is a relatively new player in the Big Ag game. While fellow ag giants like ADM, Cargill, Bunge, and BASF have been in the game for a century or more, as recently as the late 1970s Monsanto was known mostly as a chemical company; herbicides were a relatively small sideline, and genetically modified seeds were just the gleam in the eye of a few scientists in the R&D department. And its flagship chemical business had plunged into crisis. In 1976, Congress banned the highly toxic industrial coolant PCB—the US production of which Monsanto had enjoyed what the Washington Post called a "lucrative four-decade monopoly." According to the Post, Monsanto had been actively covering up the dangers of PCB exposure for years before the ban, opening the company to a thicket of lawsuits. To make matters worse, the company had also been heavily invested in the toxic pesticide DDT (banned in 1972) and the infamous Vietnam War defoliant Agent Orange—both of which carried their own legal and public-relations liabilities.

More: http://www.motherjones.com/tom-philpott/2012/09/romney-monsa...
PS Yes, I know it is Mother Jones but it is quite interesting...



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