Monsanto

MonsantoCompany

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Monsanto was an American agrochemical and agricultural biotechnology corporation founded in 1901. In 2018, it became a division of the German pharmaceutical giant Bayer as part of a $63 billion acquisition. Monsanto was a leading producer of genetically engineered (GMO) seeds and Roundup, a widely used herbicide.

The company's development of genetically modified crops, designed to withstand the application of its Roundup herbicide, revolutionized agriculture. These crops, including soybeans, corn, cotton, and canola, have been adopted globally, significantly impacting farming practices, yields, and the agricultural economy.

Monsanto's practices and products have been the subject of controversy and legal challenges. Critics have raised concerns about the environmental impact of Roundup, particularly its active ingredient glyphosate, and its effects on biodiversity and human health. The company has also faced criticism and legal action over its patent practices, with accusations of monopolistic behavior and aggressive legal actions against farmers over GMO patent infringements.

Despite these controversies, Monsanto has been a pioneer in agricultural biotechnology, investing heavily in research and development to create crops that are resistant to pests, diseases, and environmental conditions. Its innovations have contributed to increased agricultural productivity and food security in many parts of the world.

Monsanto's acquisition by Bayer marked the end of its existence as an independent entity but its legacy in agricultural biotechnology and the debates surrounding GMOs and pesticide use continue to influence the industry and public discourse.