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Monsanto Balances Environmental & Ethical Factors Case Study

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UNIT 2 COMPLETION QUESTIONS: Monsanto Balances Environmental & Ethical Factors

CASE SUMMARY:

Summarize the key facts of the case in a paragraph. Monsanto Company is the world’s largest seed company specializing in biotechnology or genetic manipulations or organisms (Ferrell, Gatewood, Gatewood, & Taylor, 2010). Scientist of Monsanto spend numerous hours modifying crops, inserting new genes or adapting existing genes within plant seeds, to meet certain aims; for example, higher crop yields or insect resistance. Their seeds have increased quantity and availability of crops, and help all farmers worldwide increase food production and revenues. Monsanto was started in 1901 by John F. Queeny, selling food additives, food extracts, and artificial sweeteners to different companies. Times changed and in the seventies, Monsanto marketed its first roundup herbicide that would propel the company even more into the public’s consciousness. However, it did do that, but within a few years after the introduction of Agent Orange which contained carcinogenic chemical dioxin, Monsanto had legal problems and a lawsuit was filed in 1979 by veterans who claimed they had been harmed by the chemical. Monsanto and other manufacturers agreed to settle for $180 million. The leaders of Monsanto decided a new focus was needed and in 1981 the company made a change focusing on biotechnology. With this new quest, the company began selling soybeans, cotton, and canola seeds if they could tolerate the roundup herbicide; using the herbicide allowed farmers to take control of weed growth while sparing their crop. In 2000, Monsanto entered into a merger changing its name to Pharmacia Corporation but within a few years of the merge, the broke off and was considered to be the new Monsanto focusing entirely on agriculture; however, the new emergence carried some disturbing news…...

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