The seed giant has abandoned genetically engineered veggies, slowed other GMO research, and recently dropped $1 billion to get into farming services.
"Furthermore, genetically modifying consumer crops proved to be inefficient and expensive. [Monsanto exec David] Stark estimates that adding a new gene takes roughly 10 years and $100 million to go from a product concept to regulatory approval. And inserting genes one at a time doesn’t necessarily produce the kinds of traits that rely on the interactions of several genes. Well before their veggie business went kaput, Monsanto knew it couldn’t just genetically modify its way to better produce; it had to breed great vegetables to begin with. As Stark phrases a company mantra: “The best gene in the world doesn’t fix dogshit germplasm.” [Emphasis added.]"
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