Global agribusiness company Monsanto Co posted a higher-than-expected quarterly profit on Wednesday, as the company said early U.S. spring planting and a 15 percent sales jump boosted its full-year outlook. Shares sagged after an early jump amid a general market slump and as the company said results for the second half of the year would likely be flat.
Read MoreA group of U.S. family farmers said on Wednesday it is appealing its lawsuit against Monsanto Co to challenge the company's patents on technologies for genetically modified seeds. The group of organic farmers and seed dealers says its industry is at risk from Monsanto's growing market dominance.
Read MoreCritics of genetically modified crops are making new demands for government mandated labeling to identify foods on grocer shelves that contain ingredients from transgenic corn, soybeans and other crops. Labeling drives are underway on both state and federal levels, and on Tuesday several U.S. consumer groups released a survey and results of a petition drive that they say shows overwhelming consumer support for labeling of foods containing genetically modified organisms (GMO).
Read MoreScientists, environmentalists and farm advocates are pressing the question about whether rewards of the trend toward using more and more crop chemicals are worth the risks, as the agricultural industry strives to ramp up production to feed the world's growing population. The debate has heated up in the last several weeks, with a series of warnings and calls for government action including a lawsuit against the U.S. Environmental Protection Agency.
Read MoreEvery time someone calls former U.S. government scientist Gerald Zirnstein a whistleblower, he cringes a little. When he coined the term "Pink Slime" to describe the unlabeled and unappetizing bits of cartilage and other chemically-treated scrap meat going into U.S. ground beef, Zirnstein was a microbiologist at the U.S. Department of Agriculture. He made the slime reference to a fellow scientist in an internal - and he thought private - email. But that email later became public, and with it came an explosion of outrage from consumer groups.
Read MoreUtilizing biotech "drought-tolerant" corn to boost global food production would be a less-effective tactic than planting conventional corn and improving agronomic practices, a veteran plant scientist said on Tuesday. "The technology has gotten a tremendous amount of attention. We think undue attention," said Doug Gurian-Sherman, a plant pathologist and senior scientist at the Union of Concerned Scientists, in an interview at the Reuters Food and Agriculture Summit.
Read MoreConsumers are shunning carbonated soft drinks in favor of bottled water, even in the face of recent price increases, Nestle Waters North America's top executive said. "It's convenience we are talking about," said Kim Jeffery, president and chief executive of Nestle Waters North America, at the Reuters Food and Agriculture Summit in Chicago on Monday. Nestle Waters in early 2011 raised prices about 10 percent -- the first price increase in a decade for the company, which sells a billion cases of water a year.
Read MoreA group of plant scientists is warning federal regulators that action is needed to mitigate a growing problem with biotech corn that is losing its resistance to plant-damaging pests. The stakes are high - corn production is critical for food, animal feed and ethanol production, and farmers have increasingly been relying on corn that has been genetically modified to be toxic to corn rootworm pests.
Read MoreA federal judge has ruled in favor of global seed giant Monsanto Co, dismissing a lawsuit brought by a consortium of U.S. organic farmers and seed dealers who said their industry is at risk from Monsanto's growing market strength. U.S. District Court Judge Naomi Buchwald, for the Southern District of New York, threw out the case brought by the Organic Seed Growers and Trade Association (OSGATA) and dozens of other plaintiff growers and organizations, criticizing the groups for a "transparent effort to create a controversy where none exists."
Read MoreMonsanto Co said on Friday that it had settled a long-running legal battle with residents of West Virginia who claimed they suffered environmental and health problems tied to pollution from a former Monsanto chemical plant. St. Louis-based Monsanto, which has shifted from a concentration in the chemical business to agricultural seeds, said it would commit to more than $90 million in clean-up, remediation and medical monitoring to resolve a series of class action lawsuits involving a plant once located in Nitro, West Virginia.
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