QWhat is to stop monsanto if one day they say "hey we're not selling any products to the public"? The vast majority of foods would then be held ransom basically. Similar to microsoft of the 1990's having a monopoly on operating systems monsanto is the mono

What is to stop monsanto if one day they say "hey we're not selling any products to the public"? The vast majority of foods would then be held ransom basically. Similar to microsoft of the 1990's having a monopoly on operating systems monsanto is the monopoly on foods and farmers can't compete. if monsanto decides to halt production or sales of their products, they could effectively starve the entire country.

AExpert Answer

Monsanto¹s core business is selling seeds to farmer customers.  Farmers have many choices for their purchases and we have to work hard to earn their business.  Consider the U.S. market for corn and soybean seed.  While there is variability in the specific market share data in any given year, if you look at the trend of the corn seed Monsanto sells, our brands would be roughly one-third of the market. Among corn seed suppliers, there is one other company with a similar or larger seed share in corn and literally hundreds of other seed companies who sell corn seed to American farmers. In soybeans, Monsanto's share would be a bit less than one third of the market, making it second in the market, and like corn, there are scores of other seed companies who sell soybean seed to American farmers. Globally, while Monsanto is one of the largest commercial seed companies, what we offer is less than five percent of the world's seeds.

Posted on March 8, 2018
GMOs will not “save the world,” however they are an important tool in the toolbox for food security and agriculture. Dr. Stuart Smyth, Assistant Professor in the Department of Bioresource Policy, Business and Economics at the University of Saskatchewan, explores this topic in depth in a similar question and response here. “No single crop or food production method is capable of feeding the world on its own, so no, GMOs by themselves will not feed the world. However, as part... Read More
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Posted on March 8, 2018
GMOs are made to achieve a desired trait, such as resistance to an insect or improvement to the ripening process, in order to better meet a customer’s needs. Posted below is a five minute video that offers a great visual illustration on how GMOs are made:     In this response you will also find videos demonstrating genetic modification, showing the basic process for making GM plants. We also encourage you to check out the videos: How Are GMOs Created? and GMO... Read More
Posted on November 27, 2017
Thank you for your question. Similar questions have been answered by a variety of experts on our site. Farmer Mary Mertz answered a similar question, “What are the problems with the seeds of GMOs.” She explains how this question can be answered in a variety of ways and also speaks to this topic firsthand, as she is a farmer herself. “In my opinion, the biggest problem with the seeds is the amount of misinformation that is being circulated out there.  GMOs have a... Read More