Perhaps I should have clarified that I was hopeful Monsanto is getting the
message that consumers are starting to not appreciate their
products/business practices. I actually want to try growing my own clothes,
so to speak. I can get cotton seeds from Bountiful Gardens, flax linen seeds
from Nichols Garden Nursery, and find the phyllostachs(sp?) nuda species of
bamboo. Like I don't have enough to do, but what the hell...I need to prove
I'm an illiterate redneck hermit after all ;-)
I can't say that the reason is as stated but from their 10-K:
"In the fourth quarter of 2007, we sold our U.S. Stoneville ® and
NexGen ® cotton seed brands and related business assets (divested
cotton businesses) as part of the U.S. Department of Justice (DOJ)
approval for the acquisition of Delta and Pine Land Company (DPL)."
"We plan to improve and to grow our vegetable seeds business. We are
applying our molecular and marker-assisted breeding capabilities to
our library of vegetable germplasm. Our purchase of the De Ruiter
business, a leading protected-culture vegetable seeds company, will
allow us to serve our vegetable seeds customers through three
dedicated platforms: protected-culture, open field and regional
vegetable seed businesses. Our purchase of DPL has expanded our cotton
breeding operation. In the future, we will continue to focus on
accelerating the potential growth of these new businesses and
executing our business plans."
"As discussed in Note 27 Discontinued Operations, in conjunction
with the DOJ consent decree received in 2007, we agreed to sell our
divested cotton businesses, which were part of the Seeds and Genomics
segment. We completed our acquisition of DPL and sold our divested
cotton businesses during the fourth quarter of 2007 for $317 million.
We also divested certain cotton germplasm that was acquired from DPLs
cotton breeding program, as required by the consent decree. We have
retained certain rights to this germplasm. The buyers of these assets
are licensed to use our traits in their brands prospectively under a
royalty bearing agreement."
"Cotton seed and traits net sales increased 41 percent, or $131
million, in 2008. This increase was primarily driven by incremental
sales from the DPL acquisition. Further, cotton trait sales increased
in India primarily due to higher trait penetration. These increases in
cotton seed and traits revenue were partially offset by the decrease
in cotton trait sales volume resulting from fewer U.S. cotton acres in
2008 than in 2007."
There's more I won't quote here:
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