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Monsanto Hailed

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Forbes’ magazine has named Monsanto as its “company of the year” for 2009. “In economic terms, the company is a winner,” the prestigious U.S. business magazine said in its Jan. 18 issue. It sold $7.3 billion of seeds and seed genes in fiscal 2009, versus $4 billion for second-place DuPont and its Pioneer Hi-Bred unit. Monsanto netted $2.1 billion and its annualized return on capital was 12 per cent over the last five years. Its seeds are so popular, Forbes says, it’s alleged to have a near-monopoly in some markets. Monsanto’s technology is in 90 and 80 per cent of U.S. soybean and corn crops, respectively.

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