Don’t spill your seed
Monsanto goes limp
For about a decade, Monsanto swaggered around the ag scene — wowing Wall Street, conquering the Corn Belt, and appointing itself the sole option for feeding a climate-changed, overpopulated world. What a difference a year makes! In 2010, the GMO-seed giant finally had to acknowledge its seeds led to the rise “superweeds,” and farmers are pissed. Its trumped-up yield claims have sparked an investigation by the state of West Virginia, and the Justice Department is looking askance at its anti-competitive practices. Meanwhile, Wall Street has abandoned the company, which has been called “the worst stock of 2010,” and some critics (like our own Tom Philpott) are speculating that Monsanto’s real trouble is fundamental: its technology is flaccid.
(Also check out the top scary food stories of 2010.)