In order to take a step forward with my blog, I want to take a step back. I feel like I did not discuss the business side of Monsanto. In order to explain in depth about the farmers and Monsanto, I want to provide some background so that we all, including myself, can understand the amount of money Monsanto is making.
In the annual report, For 2014, Monsanto had revenues of $15.855 billion. This was more than $1 billion higher than the year before. The net income attributable to the company was $2.74 billion. Monsanto is the global leader in providing agricultural products. They provide a lot of the materials and products that farmers use in the farming cycle. Monsanto sells seeds, biotechnology trait products, and herbicides. Sales in seeds alone amounted to $10.74 billion. To provide further evidence of Monsanto’s power, 49% of their sales is from abroad. That means that for the US consumers that want to buy “safer” fruits from overseas, it still might be a Monsanto product. Also, the herbicides being put on the products being grown overseas are not as heavily regulated, so you really don’t know what foreign foods have been through.
I hope these numbers will help me and anyone else understand the vast size of Monsanto. Even after all of the research Monsanto conducts, they still have over $2 billion cash available. Sometimes, Monsanto will use this cash to pay shareholders or to acquire new companies/products. Monsanto is in the business of feeding people, and they do a heck of a job at making a lot of money doing it.