Hugh Grant -- Monsanto chair, CEO, and president -- probably won't notice the increased price of a loaf of bread. And if he does, it will be with a smile. Grant is $13-million-and-change wealthier today than he was on Monday, as he choose to exercise stock options -- 116,000 shares worth -- that netted him a profit of over $114 per share. Like many of us, I wouldn't mind paying the extra dollar per loaf of bread if I knew the majority of that dollar was going back into the hands of farmers. Instead, the higher prices at the checkout …

When Monsanto buys into a market, they buy in big. In 2005, Monsanto's seed/genetic trait holdings were primarily in corn, cotton, soybeans, and canola. That year, they purchased Seminis, the world's largest vegetable seed company (see And We Have the Seed) specializing in seed for vegetable field crops. Now their takeover of the vegetable seed sector continues, as they have announced the intent to purchase the Dutch breeding and seed company, De Ruiter Seeds. This purchase diversifies Monsanto's seed holdings in vegetable field crops (Seminis) to "protected culture" fruits and vegetables (primarily tomatoes and cucurbits produced greenhouse, hothouse, etc). Analysts …

The best way to read this post is to begin with a recent press release from Texas A&M on their new Supercarrot. Second, read Wired magazine journalist Alexis Madrigal's coverage of the story. Alexis praises the next generation of biotech crops. He writes that, "A carrot that increases what's known as the bioavailability of calcium could have a major impact in the marketplace." Really? You are correct, Alexis: it could have a major impact on a totally uninformed marketplace -- but not much of an impact on nutrition. However, it is likely to have an impact on genetic contamination, wasted …