Monsanto Co, one of the world's largest seed and agrichemical companies, said on Wednesday that it was slashing 2,600 jobs and restructuring operations to cut costs in a slumping commodity market that it expects to squeeze results well into 2016. Monsanto, which also reported a much wider quarterly loss, said that along with the layoffs, its global restructuring would include "streamlining and reprioritizing" some commercial and research and development work, including an exit from the sugar cane business. Its shares fell 4 percent in premarket trading.
Read MoreExposure to toxic chemicals in food, water and air is linked to millions of deaths, and costs billions of dollars every year, according to a report published Thursday by an international organization of medical professionals.Among the poor health outcomes linked to pesticides, air pollutants, plastics and other chemicals, according to the report from the International Federation of Gynecology and Obstetrics (FIGO), an organization representing obstetrical and gynecological associations from 125 countries, are miscarriage and still births, an increase in cancer, attention problems and hyperactivity.
Read MoreA U.S. farm worker and a horticultural assistant have filed lawsuits claiming Monsanto Co.'s Roundup herbicide caused their cancers and Monsanto intentionally misled the public and regulators about the dangers of the herbicide.The lawsuits come six months after the World Health Organization's cancer research unit said it was classifying glyphosate, the active weed-killing ingredient in Roundup and other herbicides, as "probably carcinogenic to humans."
Read MoreAn estimated 2 million U.S. farm workers, children and others who work or live near farm fields will have more protection from hazardous pesticides under changes unveiled Monday by federal officials.The changes to the Agricultural Worker Protection Standard should reduce the risk of injury and illnesses from contact with pesticides on farms and in forests, nurseries and greenhouses, according to officials with the U.S. Environmental Protection Agency (EPA) and U.S. Department of Labor.
Read MoreConcerns about the world's most popular herbicide continue to mount, as U.S. agricultural experts note spreading weed resistance to glyphosate.As the key ingredient in Monsanto Co's Roundup herbicide products as well as about 700 other products, glyphosate is widely used on farms as well as residential lawns.But the chemical has come under increasing scrutiny in recent years in part because scientists and environmentalists have warned that weed resistance to glyphosate has become a significant problem that impacts crop production.
Read MoreNorth American investors are pouring money into agriculture technology despite turbulent financial and commodity markets, as cutting-edge advances that enhance farm production bring opportunities for profits.Investment in this technology, which spans plant and soil technology to drones, amounted to $2.06 billion in the first half of 2015, on pace to smash last year's record $2.36 billion, according to AgFunder, which matches startups with investors.
Read MoreA U.S. appeals court ruled on Thursday that federal regulators erred in allowing an insecticide developed by Dow AgroSciences onto the market, canceling its approval and giving environmentalists a major victory.The ruling by the U.S. Court of Appeals for the Ninth Circuit, in San Francisco, is significant for commercial beekeepers and others who say a dramatic decline in bee colonies needed to pollinate key food crops is tied to widespread use of a class of insecticides known as neonicotinoids. Critics say the Environmental Protection Agency is failing to evaluate the risks thoroughly.
Read MoreCombatants in a national food fight over labeling genetically modified products are gearing up for a showdown in the U.S. Senate, campaign leaders said on Tuesday.The tactics range from old-fashioned lobbying to modern social media campaigns, and both sides say it is too early to tell who will prevail.
Read MoreU.S.-based Monsanto Co. ÿsaid Wednesday it is walking away from efforts to acquire Swiss rival Syngenta AG, which has rejected a recently sweetened offer.Monsanto said it still believes in the value of a combination of the two agricultural seed and chemical giants, but will focus on building its core business and meeting long-term growth objectives.
Read MoreA food safety advocacy group sued an arm of the U.S. Department of Agriculture on Tuesday, saying it illegally withheld public information on genetically engineered crops.The lawsuit, brought by the Center for Food Safety (CFS) against the USDA's Animal and Plant Health Inspection Service (APHIS), claims the regulator has routinely failed to respond as required to requests for records that relate to many concerns with the GMO crops.
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