Is Monsanto giving up on GMOs?

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The seed giant has abandoned genetically engineered veggies, slowed other GMO research, and recently dropped $1 billion to get into farming services.

Mark Aldiss‘s insight:

"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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