Monsanto

Monsanto Company
Public
Traded asMON
S&P 100 Component
IndustryAgribusiness
FoundedSeptember 26, 1901; 116 years ago (1901-09-26)
(Spun off from Pharmacia & Upjohn)
FounderJohn Francis Queeny
HeadquartersCreve Coeur, Missouri, U.S.
Key people
Products
Revenue
  • Increase US$14.64 billion
  • (FY AUG 31 2017)[1]
  • Increase US$3.21 billion
  • (FY AUG 31 2017)[1]
  • Increase US$2.27 billion
  • (FY AUG 31 2017)[1]
Total assets
  • Increase US$21.33 billion
  • (FY AUG 31 2017)[1]
Total equity
  • Increase US$6.46 billion
  • (FY AUG 31 2017)[1]
Number of employees
  • c. 20,500 (regular)[1] c. 2,800 (temporary)[1]
Websitemonsanto.com

Monsanto Company is a publicly traded American multinational agrochemical and agricultural biotechnology corporation. It is headquartered in Creve Coeur, Greater St. Louis, Missouri. Monsanto developed Roundup, a glyphosate-based herbicide in the 1970s and is now a major producer of genetically engineered crops.

Monsanto has agreed to accept Bayer's offer to purchase the company for $66 billion ($128/share) in September 2016, and the deal is currently pending regulatory approval.[2][3][needs update]

Overview

Monsanto has been involved in research on catalytic asymmetric hydrogenation and the first mass-produced light-emitting diodes (LEDs)[4][1] in addition to its work on genetic engineering.

Monsanto was one of four groups to introduce genes into plants (1983),[5] and was among the first to conduct field trials of genetically modified crops, (1987). It was one of the top 10 U.S. chemical companies until it divested most of its chemical businesses between 1997 and 2002, through a process of mergers and spin-offs that focused the company on biotechnology.

Monsanto was one of the first companies to apply the biotechnology industry business model to agriculture, using techniques developed by biotech drug companies.[6]:2–6 In this business model, companies recoup R&D expenses by exploiting biological patents.[7][8][9][10]

Monsanto's roles in agricultural changes, biotechnology products and lobbying of government agencies and roots as a chemical company have surrounded the company in controversies. The company once manufactured controversial products such as the insecticide DDT, PCBs, Agent Orange and recombinant bovine growth hormone. Its seed patenting model was criticized as biopiracy and a threat to biodiversity.[11][12][13]

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