(Anthony Gucciardi) Monsanto is continuing to lose profits into the second quarter of 2015, shedding an exceptional 15% profit amid falling GMO seed sales — even more than most experts projected.
In fact, many backers were absolutely certain that Monsanto would regain its footing after losing millions in last year’s fourth quarter. Some economists believed that Monsanto’s ‘tried and true’ strategy of pushing GMO seeds on farmers would sustain them into the first quarter of 2015. Before the latest announcement of financial loss, I predicted that Monsanto would in fact continue to lose money, as both the agricultural industry and consumers at large take a major stand against anything to do with the company.
“Going further into 2015, it’s clear that this GMO behemoth has many more obstacles to face that will most likely lead to a continued loss… That said, it is clear to me that Monsanto’s continued decline is in full swing.”
The Wall Street Journal reports on Monsanto’s loss in the latest piece entitled ‘Monsanto Profit Falls 15% on Weak Sales, Stronger Dollar,’ which reads:
“Monsanto Co. said its earnings fell 15% in its fiscal second quarter, missing analysts’ expectations as corn-seed sales weakened and a stronger U.S. dollar pressured results.”