Monsanto Balances Environmental & Ethical Factors Case Study Essay

2446 Words Oct 21st, 2012 10 Pages
UNIT 2 COMPLETION QUESTIONS: Monsanto Balances Environmental & Ethical Factors

CASE SUMMARY:

Summarize the key facts of the case in a paragraph. Monsanto Company is the world’s largest seed company specializing in biotechnology or genetic manipulations or organisms (Ferrell, Gatewood, Gatewood, & Taylor, 2010). Scientist of Monsanto spend numerous hours modifying crops, inserting new genes or adapting existing genes within plant seeds, to meet certain aims; for example, higher crop yields or insect resistance. Their seeds have increased quantity and availability of crops, and help all farmers worldwide increase food production and revenues. Monsanto was started in 1901 by John F. Queeny, selling food additives, food
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These seeds revolutionized the general and task environments of Monsanto Impressing farmers with its technology and the promise of better yields is on the way is how Monsanto attracts its potential customers. While the old Monsanto made a name for itself through manufacturing of chemicals, the new Monsanto switched its emphasis from chemicals to food, specifically to sales of Genetically Modified (GM) plant seeds and from licensing them to other companies. Monsanto’s latest project it is working on is innovative projects such as an omega-3 soybean; which is commonly found in fish and drought tolerant technology. With the protection of its seeds by law, any farmer who reuses the seeds to re-harvest for future seasons is not allowed and must be purchased new each season; allowing Monsanto make a profit and maintain Monsanto’s seeds are protected under patent law. Farmers reusing its seeds are not allowed to harvest seed from the plant to use in future seasons, instead they must purchase new Monsanto seeds each season, which allow Monsanto to make a profit and maintain control over its property. Unfortunately, this is a new concept for farmers through agricultural history; because they have collected and saved seeds from previous harvest. Many feels this is an unfair to farmers and an undue financial burden for them to have to purchase each season, however, Monsanto is not the

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