Thursday, February 19, 2009

Monsanto News

Monsanto's Seed Business Growing Larger than its Herbicide Division

Soda Springs—Monsanto Company says its seed business may soon be more profitabe than it’s successful Herbicide business.

The company that developed round-up, announced this week that its seeds and genomics division will grow by more than 60 percent by 2012, Carl Casale, Monsanto's executive vice president, told investors Wednesday.

Casale says the the seed segment will keep growing by an 18-percent margin through fiscal 2012 while gross profit from Monsanto’s Roundup and herbicides business will decline after reaching a projected peak this year at $2.4 billion. The executive VP released the projections at the Morgan Stanley Global Basic Materials Conference in New York.

Monsanto is one of the largest employers in Caribou County and develops insect-and herbicide-resistant crops and other agricultural products.

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