Monsanto, the gigantic biotech corporation largely responsible for forcing GMO crops on consumers and farmers has taken a major hit as its earnings fell 34% in the last quarter of 2014. This is partially attributed to more farmers in South America rejecting their franken-crops and more people realizing the potential dangers of GMO crops.
Monsanto’s overall revenue fell more than 8% to $2.87 billion during the fourth quarter due to lower sales of corn and herbicides. Additionally, Monsanto shares have dropped 3% since the beginning of 2014, while the Standard & Poor’s 500 index climbed more than 8%.
This news adds to an already dim picture for Monsanto. The company has been at the center of major controversy over the use of its genetically modified seeds. Monsanto has also gained a ton of bad press for filing 145 lawsuits...
