Monsanto Case

In 1901 John F. Queeny founded the original Monsanto named after his wife, Olga Monsanto Queeny at St. Louis, Missouri. At the beginning of 1st world war it was changed to the Monsanto Chemical Company realizing the crucial growth opportunities in the chemicals indusry. Monsanto introduced GM seeds across the globe since 1990 establishing its parent company in United States, since then many farmers stopped complaining disappointment of crops. Farmers spent little expenses, and gain as triple profits by using GM seeds. The existence of Monsanto Company was highly praised by farmers, as they are able to double the crop with the same acre of land. The farmers are going to consume the GM seeds as far as they could make profit from its consumption. As a Consequence the consumption of GM seeds is strictly concerned for their possible affect on human, animals and nature as a whole in long run.

Genetically modified (GM) crops are not without their critics. Opponents believe that influencing the gene pools of the plants could result in negative health consequences. Whereas others are worried about the health effects on beneficial insects and plants, fearing that pollinating GM plants could affect nearby insects and non-GM plants. Huge Grant was able to reduce some of the opposition by deciding to curtail the tide of criticism by focusing biotechnology on products that would not be directly placed on the dinner plate, but instead on seeds that produce goods like animal feed and corn syrup.

Farmers who purchase GM seeds can now grow more crops on less land and with less left chance. GM seeds have saved farmers billions by preventing loss and increasing crop yield. Monsanto predicts higher yields in the future, possibly up to 300 bushels an acre by 2030. "As agricultural productivity increases, farmers are able to produce more food feed fuel and fibre on the same amount of land, helping to ensure that agriculture can meet humanity's needs in the future," said Monsanto CEO Hugh Grant about the benefits of Monsanto technology. The revenues of the farmers in the developing countries have increased as a result of higher yield. According to statistics, the cotton yield of Indian farmers rose by 50 percent, doubling their income in one year. The income level in the