3 ms·
> Monsanto isn't the whole GM crop industry Of course it isn't the whole industry, but it does get most of the attention, e.g. this NPR article[1] mentions Mon
by frostmatthew 12y ago
> Monsanto isn't the whole GM crop industry
Of course it isn't the whole industry, but it does get most of the attention, e.g. this NPR article[1] mentions Monsanto 17 times and uses it as one of only three tags(seed saving and gmos are the other two) - despite the piece being about GM seeds, not specifically Monsanto.
> or even the biggest corporation by market cap in the industry
The "Big Six" are BASF, Bayer, Dupont, Dow Chemical Company, Monsanto, and Syngenta[2][3].
"The top 10 seed companies account for $14,785 million – or two-thirds (67%) of the global proprietary seed market.The world's largest seed company, Monsanto, accounts for almost one-quarter (23%) of the global proprietary seed market."[4]
Sure DuPont and Dow have bigger market caps than Monsanto (or more importantly, more revenue) but they're also larger and more diverse business with seeds making a much smaller portion of their total revenue than Monsanto. But even forgetting that the original point (that the oil industry has far more money than the GM industry) still stands - Dow's market cap is $60B, DuPont's is $68B, Monsanto's is $55B...market caps like that wouldn't even break the top ten for oil companies[5].
[1] http://www.npr.org/blogs/thesalt/2012/10/18/163034053/top-five-myths-of-genetically-modified-seeds-busted http://www.npr.org/blogs/thesalt/2012/10/18/163034053/top-fi...
[2] http://www.biofortified.org/resources/genetic-engineering-companies/ http://www.biofortified.org/resources/genetic-engineering-co...
[3] http://www.sourcewatch.org/index.php/%22Big_6%22_Pesticide_and_GMO_Corporations http://www.sourcewatch.org/index.php/%22Big_6%22_Pesticide_a...
[4] http://www.gmwatch.org/gm-firms/10558-the-worlds-top-ten-seed-companies-who-owns-nature http://www.gmwatch.org/gm-firms/10558-the-worlds-top-ten-see...
[5] http://www.investopedia.com/articles/personal-finance/010715/worlds-top-10-oil-companies.asp http://www.investopedia.com/articles/personal-finance/010715...