The Real GM Foos Scandal

Comparison between conventional breeding and production of transgenic plants. Outline of production method of these factories and limits of each technology. Both genetically modified and conventional plant breeding have been used by farmers for many years. Both breeding methods are concluded with the same results, but both differ in their role in altering plant genes to produce offspring with the desired trait. Conventional breeding plants utilize the desired characteristics of different parental plants and include breeds backcrossing hybrids and parent plants to create offspring having genetically similar traits to the parent plant.

When Hugh Grant took over Monsanto 's CEO in 2003, scandal and stakeholder uncertainty about Monsanto' s GM product showed the company 's reputation. Monsanto shares fell nearly 50%, to 8 dollars per share. Last year it lost $ 1.7 billion. Grant knows that the company is very sophisticated, but by gathering strategic attention to GM foods, the company has recovered and is now prosperous. Monsanto is making efforts to become a socially responsible company tackling the improvement of agriculture. Insight into the biotechnology food of Monsanto commentators has not yet been realized, but this does not preclude concerns about stakeholders. The company uses the concept of social responsibility and business ethics to create reputation value to all stakeholders. For example, in 1974, Monsanto founded the Monsanto Foundation. The Fund contributed $ 30.2 million to a worldwide project between 2008 and 2009.

Because of the high cost, Monsanto's GM cottonseed is actually subject to the upset of NGOs. The farmers in India violate the agreement with Monsanto and use plant varieties to cross the local varieties. In 2009, the high price of Bt Cotton was condemned when forced debts by farmers in the Jabua region crops died due to rain. In 2012, Monsanto is the world's largest non-GE vegetable seed supplier with sales of $ 800 million. 95% of the development of vegetable seeds is traditional breeding. The company is focusing on improving flavor. According to their website, they sell "4,000 kinds of seeds representing over 20 species". By the development of a subsidiary of Seminis, broccoli under the trade name Beneforté was launched in 2010. It contains more glucoraphanin.

Risk of food web is a very real ethical issue for GM technology. Pesticides and herbicides from crops can harm animals and other creatures in the environment. For example, the production of herbicide-tolerant genetically modified sugar beet has certainly succeeded in reducing weeds. However, it is now necessary for Hibari consuming this particular weed seed to find a new food source that endangers their existence. Unfortunately, controversy and concerns about GM foods and companies manufacturing these products continue to exist, but as this will challenge GM technology and help to make it safer and more regulated, there is a positive movement and It is considered. In public opinion polls, people found that more people know about GM foods, they pay more attention to this technology.