Monsanto earnings fall 34% after a year of global protests | Business | The Guardian
▻http://www.theguardian.com/business/2015/jan/07/monsanto-earnings-fall-corn-south-america-genetically-modified-food
Monsanto said Wednesday its earnings fell 34% in its first fiscal quarter, as South American farmers cut back on planting corn, reducing demand for the company’s biotech-enhanced seeds.
US farmers harvested record crops of soybeans and corn last year, sending prices on those food staples to their lowest levels in years. That has resulted in farmers in South America and elsewhere reducing the number of acres they dedicate to corn. Monsanto said its business was also affected by reduced cotton planting in Australia.