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	<title>Grist: Matthew Dillon</title>
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		<title>Grist: Matthew Dillon</title>
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			<title>Monsanto execs make millions off farmers&#8217; backs</title>
			<link>http://grist.org/article/profit-actually/</link>
			<comments>http://grist.org/article/profit-actually/#comments</comments>
			<dc:creator>Matthew&nbsp;Dillon</dc:creator>
			<pubDate>Fri, 23 May 2008 04:47:57 +0000</pubDate>

					<category><![CDATA[Business & Technology]]></category>
		<category><![CDATA[Food]]></category>
		<category><![CDATA[agriculture]]></category>
		<category><![CDATA[Big Ag]]></category>
		<category><![CDATA[Gristmill]]></category>

			<guid isPermaLink="false">http://www.grist.org/?p=23560</guid>

			<description><![CDATA[ <p>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 <a href="http://www.forbes.com/feeds/ap/2008/05/20/ap5030300.html">exercise stock options</a> -- 116,000 shares worth -- that netted him a profit of over $114 per share.</p>  <p>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 line are funneled to the agri-giants like Monsanto and Cargill, <a href="http://marketplace.publicradio.org/display/web/2008/05/08/food_companies/">companies making record profits</a>. Remind you of gas prices and oil companies? Reminds me that these agri-giants <a href="http://www.csmonitor.com/2008/0514/p08s01-comv.html">spent $100 million on getting their way in the Farm Bill</a>, an investment with  huge dividends -- for Monsanto's Hugh Grant, anyway.</p>  <img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=grist.org&#038;blog=5104299&#038;post=23560&#038;subd=grist&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>

			
									<content:encoded><![CDATA[ <p>Hugh Grant &#8212; Monsanto chair, CEO, and president &#8212; probably won&#8217;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 <a href="http://www.forbes.com/feeds/ap/2008/05/20/ap5030300.html">exercise stock options</a> &#8212; 116,000 shares worth &#8212; that netted him a profit of over $114 per share.</p>
<p>Like many of us, I wouldn&#8217;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 line are funneled to the agri-giants like Monsanto and Cargill, <a href="http://marketplace.publicradio.org/display/web/2008/05/08/food_companies/">companies making record profits</a>. Remind you of gas prices and oil companies? Reminds me that these agri-giants <a href="http://www.csmonitor.com/2008/0514/p08s01-comv.html">spent $100 million on getting their way in the Farm Bill</a>, an investment with  huge dividends &#8212; for Monsanto&#8217;s Hugh Grant, anyway.</p>
<p><em>Cross-posted at <a href="http://www.competitivemarkets.com/index.php?option=com_content&amp;task=view&amp;id=136&amp;Itemid=20">OCM</a>.</em></p>
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			<title>Another big horticultural seed company bought by Monsanto</title>
			<link>http://grist.org/article/who-owns-your-tomato/</link>
			<comments>http://grist.org/article/who-owns-your-tomato/#comments</comments>
			<dc:creator>Matthew&nbsp;Dillon</dc:creator>
			<pubDate>Sat, 05 Apr 2008 00:45:29 +0000</pubDate>

					<category><![CDATA[Business & Technology]]></category>
		<category><![CDATA[Food]]></category>
		<category><![CDATA[agriculture]]></category>
		<category><![CDATA[Big Ag]]></category>
		<category><![CDATA[Department of Justice]]></category>
		<category><![CDATA[Gristmill]]></category>
		<category><![CDATA[regulation]]></category>

			<guid isPermaLink="false">http://www.grist.org/?p=22685</guid>

			<description><![CDATA[ <p>When Monsanto buys into a market, they buy in <em>big</em>. In 2005, Monsanto's seed/genetic trait holdings were primarily in corn, cotton, soybeans, and canola. That year, they <a href="/story/2005/10/10/101310/50">purchased Seminis</a>, the world's largest vegetable seed company (see <a href="http://www.seedalliance.org/index.php?page=SeminisMonsanto">And We Have the Seed</a>) specializing in seed for vegetable field crops. Now their takeover of the vegetable seed sector continues, as they have announced the <a href="http://www.stltoday.com/stltoday/business/stories.nsf/0/DF053035F4CD70BB8625741E000B7F34?OpenDocument">intent to purchase</a> the Dutch breeding and seed company, De Ruiter Seeds.</p>  <img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=grist.org&#038;blog=5104299&#038;post=22685&#038;subd=grist&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>

			
									<content:encoded><![CDATA[ <p>When Monsanto buys into a market, they buy in <em>big</em>. In 2005, Monsanto&#8217;s seed/genetic trait holdings were primarily in corn, cotton, soybeans, and canola. That year, they <a href="/story/2005/10/10/101310/50">purchased Seminis</a>, the world&#8217;s largest vegetable seed company (see <a href="http://www.seedalliance.org/index.php?page=SeminisMonsanto">And We Have the Seed</a>) specializing in seed for vegetable field crops. Now their takeover of the vegetable seed sector continues, as they have announced the <a href="http://www.stltoday.com/stltoday/business/stories.nsf/0/DF053035F4CD70BB8625741E000B7F34?OpenDocument">intent to purchase</a> the Dutch breeding and seed company, De Ruiter Seeds.</p>
<p>This purchase diversifies Monsanto&#8217;s seed holdings in vegetable field crops (Seminis) to &#8220;protected culture&#8221; fruits and vegetables (primarily tomatoes and cucurbits produced greenhouse, hothouse, etc). Analysts from Bank of America <a href="http://washington.bizjournals.com/stlouis/stories/2008/03/31/daily8.html%29%20">say</a> that this gives  Monsanto 25 percent of the world vegetable seed market, but I believe that this is a low estimate. (I contacted both Monsanto and the BofA analysts to ask for their data, but they did not respond to my emails.)</p>
<p>In 1998, according to their own figures, Seminis already controlled 26 percent of the overall global market in vegetable seeds, 39 percent of the U.S. market, and 24 percent of the European market. This is <em>all</em> vegetable seeds, but in their specialties &#8212; tomatoes, peppers, cucurbits &#8212; the percentage market share is much higher. A case filed against Seminis in 2000 by the U.S. government <a href="http://www.usdoj.gov/atr/cases/f6500/6503.htm">stated</a> that they controlled 70 percent of the U.S. fresh tomato seed market (the case was regarding an anti-competition agreement that kept a Israeli company from competing in the U.S. tomato seed market. Syngenta initially lost in the federal district court case, but <a href="http://www.usdoj.gov/atr/cases/f205500/205555.htm">won</a> in the Court of Appeals for the Ninth Circuit). And in 2005, at the time of the Monsanto acquisition of Seminis, I spoke with a tomato breeder for Seminis who estimated that they had 75 percent control of the overall U.S. market.</p>
<p>With the De Ruiter protected-culture varieties, they may hit 85 percent control of the total market &#8212; and that could increase, considering the trend in expansion of hothouse tomato production.</p>
<p>Hello, Department of Justice! Do we have an antitrust case now?</p>
<p>I know it&#8217;s not corn, but fresh market tomatoes (<em>fresh</em>, not including processing) was an industry worth over $4 billion (again, according to U.S. attorney general documents). Tomatoes were the ninth most important <a href="http://www.fao.org/es/ess/top/country.html;jsessionid=2267B0CEEFC8289692685015429177A0?country=231&amp;lang=en&amp;year=2005">agricultural food products in 2005</a> (against animal products) and the fourth  of non-animal food crops, after corn, soybeans, and wheat.</p>
<p>De Ruiters is a Dutch company, so I believe the sale is outside of U.S. DOJ jurisdiction. The Directorate General for Competition of the  E.U. will likely not interfere, as Monsanto doesn&#8217;t own enough of the E.U. vegetable seed sector. There remains no cohesive international method for regulation on a global scale, which is wonderful for these global corporate firms.</p>
<p><em>One company</em> with this much control in one of the largest agricultural markets in the U.S.? Some economists use &#8220;The Rule of 3&#8243; &#8212;   there needs to be a minimum of three competing companies, or a monopoly exists. There are certainly more than two other tomato seed companies out there, but with what kind of market share? Do any of them have 10 percent? What about 5 percent? If not, how can they be seen as competitors to Monsanto&#8217;s vegetable seed sector? The rest of the market is a quilt  of tiny companies in comparison to what Monsanto has created in under three years with a handful of quick and unregulated acquisitions. Added to their concentrations in commodity crops, and given that food production starts with the seed, there should be no question of who controls our food supply. The only question is, will we do something about it?</p>
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			<title>New superfood is higher in press-release fluff and poor journalism than your average carrot</title>
			<link>http://grist.org/article/genetically-engineered-supercarrot/</link>
			<comments>http://grist.org/article/genetically-engineered-supercarrot/#comments</comments>
			<dc:creator>Matthew&nbsp;Dillon</dc:creator>
			<pubDate>Fri, 25 Jan 2008 04:20:51 +0000</pubDate>

					<category><![CDATA[Food]]></category>
		<category><![CDATA[agriculture]]></category>
		<category><![CDATA[GMOs]]></category>
		<category><![CDATA[Gristmill]]></category>
		<category><![CDATA[health]]></category>

			<guid isPermaLink="false">http://www.grist.org/?p=21443</guid>

			<description><![CDATA[ <p>The best way to read this post is to  begin with a recent <a href="http://www.eurekalert.org/pub_releases/2008-01/tau--gcv011108.php">press release</a> from Texas A&#38;M on their new   Supercarrot.</p>  <p>Second, read <em>Wired</em> magazine journalist  Alexis Madrigal's <a href="http://blog.wired.com/wiredscience/2008/01/genetically-for.html">coverage of the story</a>. 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?</p>  <p>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 public research dollars, and increased  corporate profits. If you had read the press release and considered  the math around just how much more calcium we are getting from this  new carrot, and at what costs, you might have seen that this "news flash" is no news at all. This is a great example of industry fluff.  This is promoting a new breakthrough that on the surface has lots of flash  and pizazz, but with scrutiny becomes a big "So what?".</p>  <p>The biotech industry is going to keep  pushing a media blitz to get us to swallow their breakthroughs and  keep their stock prices up. Unfortunately, many researchers at our  public universities are willing partners in spreading their misinformation. Don't believe me? Let's look at the  math:</p>  <img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=grist.org&#038;blog=5104299&#038;post=21443&#038;subd=grist&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>

			
									<content:encoded><![CDATA[ <p>The best way to read this post is to  begin with a recent <a href="http://www.eurekalert.org/pub_releases/2008-01/tau--gcv011108.php">press release</a> from Texas A&amp;M on their new   Supercarrot.</p>
<p>Second, read <em>Wired</em> magazine journalist  Alexis Madrigal&#8217;s <a href="http://blog.wired.com/wiredscience/2008/01/genetically-for.html">coverage of the story</a>. Alexis praises the next  generation of biotech crops. He writes that, &#8220;A carrot that  increases what&#8217;s known as the bioavailability of calcium could have a  major impact in the marketplace.&#8221; Really?</p>
<p>You are correct, Alexis: it could have a  major impact on a totally uninformed marketplace &#8212; but not much of an  impact on nutrition. However, it is likely to have an impact on genetic  contamination, wasted public research dollars, and increased  corporate profits. If you had read the press release and considered  the math around just how much more calcium we are getting from this  new carrot, and at what costs, you might have seen that this &#8220;news flash&#8221; is no news at all. This is a great example of industry fluff.  This is promoting a new breakthrough that on the surface has lots of flash  and pizazz, but with scrutiny becomes a big &#8220;So what?&#8221;.</p>
<p>The biotech industry is going to keep  pushing a media blitz to get us to swallow their breakthroughs and  keep their stock prices up. Unfortunately, many researchers at our  public universities are willing partners in spreading their misinformation. Don&#8217;t believe me? Let&#8217;s look at the  math:</p>
<p>The article states: &#8220;If you eat a  serving of the modified carrot, you&#8217;d absorb 41 percent more calcium  than from a regular carrot,&#8221; said Dr. Jay Morris, lead author on  the paper. The article later adds: &#8220;The daily  requirement for calcium is 1,000 milligrams, and a 100 gram serving  of these carrots provides only 60 milligrams, about 42 percent of  which is absorbable,&#8221; he noted.</p>
<p>I emailed Morris and he provided this  statistical summary directly from the study: &#8220;total calcium  absorption per 100 g of carrots was 41% +/- 2% higher in sCAX1  carrots compared with control carrots (26.50 vs.15.34 mg of Ca per  100 g) (P &lt; 0.001).&#8221;</p>
<p>So, per carrot, there is an additional  10.66 milligrams of available calcium. Not bad, a statistically significant  increase per carrot. But is it significant in our overall dietary  intake of calcium? Not even close.</p>
<p>As the article says, the daily RDA is  1000 milligrams. A 100-gram serving of &#8220;normal&#8221; carrots (3.5  ounces: about one fresh carrot, or a half dozen of those little baby  carrots) gives us 15.34 milligrams, 1.5 percent of the RDA. And the Supercarrot? It  gives us about 2.6 percent of our daily needs.</p>
<p>Wow, so if we ate a bag-full of these  carrots a day, we&#8217;d be well on our way to stopping osteoporosis!  Morris points this out in the press release: &#8220;A person could  not eat enough of them to get the daily requirement.&#8221; So there  is no story about biotech saving us from malnutrition, but the  &#8220;SuperCarrot&#8221; headlines all over the media could easily be  construed as such.</p>
<p>If you go to the <a href="http://www.ars.usda.gov/main/site_main.htm?modecode=12354500">USDA website</a> and look  for info on RDA, you&#8217;ll find tables giving bioavailable calcium  content of a wide array of foods. Carrots aren&#8217;t too high on the list.  And &#8230; well &#8230; a 100-gram bowl of Kellogg&#8217;s Corn Flakes gives us three times the total RDA. So, not to promote Kellogg&#8217;s, but why are we worrying  about our carrots having more calcium?</p>
<p>Fine, let&#8217;s breed for better nutritional  value in all of our crops &#8212; &#8211; but let&#8217;s assess the costs and the risks.  And for those of us in media (ahem, <em>Wired</em> &#8212; &#8211; are you media or  advertising?), let&#8217;s try not to promote what is <del>nominal</del> <del>marginal</del> totally meaningless in true impact on our daily diet  as a breakthrough in biotech that will save us from osteoporosis.  Instead, let&#8217;s ask questions. How much are taxpayers  coughing up for this research (which will get leased over to a  private seed company, sold to farmers as incredibly high-priced seed,  and put out in fields to share its magic pollen)? What is the  environmental risk? How do these carrots perform in the field against  stress, and how do they taste? Is there a less expensive way to deal  with poor nutrition?</p>
<p>Sorry to disappoint anyone &#8212; if you  don&#8217;t want to get old and rickety, you&#8217;re going to have to keep eating  your cornflakes, or eating some cheese, or one of a thousand things  with more impact than these carrots.</p>
<p>By the way, guess which organism provides the gene  that gives us this nutritional breakthrough? <a href="http://en.wikipedia.org/wiki/Arabidopsis_thaliana"><em>Arabidopsis  thaliana</em></a>, in the <em>Brassica</em> family &#8212; a cress. Maybe we should eat more  <em>Brassicas</em>: kale is pretty darn high in calcium. Nah, let&#8217;s stick  them <em>Brassica</em> genes somewhere exciting &#8212; down where the sun don&#8217;t  shine (where carrots grow).</p>
<p>I&#8217;m not even going to touch on how the environment in which you grow the food affects its overall  nutritional quality. I&#8217;ll save that for the publication of <a href="http://www.timesonline.co.uk/tol/news/uk/health/article2753446.ece">Carlo  Lieffert&#8217;s research</a>.</p>
<p>&#8212;&#8211;</p>
<p><em>This essay first appeared on my blog  <a href="http://seedstory.wordpress.com/">SeedStory</a>.</em></p>
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