Example (from Hoover's)
An ear of corn the size of a Trident missile? Not quite, but Monsanto
is all about bioengineered crops. The company helps farmers grow more
crops by applying biotechnology and genomics to seeds and herbicides. It
produces genetically altered seeds that tolerate Roundup (its flagship product
and the world's #1 herbicide) and resist bugs. Monsanto estimates that more than
70% of the world's herbicide-resistant crops bear its stamp. The company also
produces Asgrow, DEKALB, Deltapine, and Seminis seeds.
During the past decade, Monsanto re-made itself into a seed and biotech company,
as opposed to one focused on agrochemicals, a transition that was sped up with
the 2007 acquisition of Delta and Pine Land.
2009 Sales |
|
$ mil. |
% of total |
US |
6,434 |
55 |
Europe & Africa |
1,763 |
15 |
Brazil |
1,419 |
12 |
Argentina |
597 |
5 |
Asia/Pacific |
568 |
5 |
Canada |
457 |
4 |
Mexico |
332 |
3 |
Other |
154 |
1 |
Total |
11,724 |
100 |
2009 Sales |
|
$ mil. |
% of total |
Seeds & genomics |
|
|
Corn seed & traits |
4,113 |
35 |
Soybean seed & traits |
1,448 |
12 |
Vegetable seeds |
808 |
7 |
Cotton seeds & traits |
466 |
4 |
Other crop seeds & traits |
462 |
4 |
Agricultural productivity |
|
|
Roundup & other glyphosate-based herbicides |
3,527 |
30 |
All other agricultural products |
900 |
8 |
Total |
11,724 |
100 |