Unless Europeans approve TTIP/TAFTA, Monsanto is doomed:
The agricultural giant that is based in St. Louis announced the reductions, which are equal to 12% of its overall workforce, as it reported a 19 cents per share loss in its fiscal fourth quarter and it warned that profit would remain weak through the end 2016.
The majority of EU member states (two-thirds) have decided to “opt-out” of genetically modified (GM) food cultivation after new legislation brought into force this Spring gives individual member state the power to restrict GM cultivation in their own territories.
Following the deadline of the 3 October 2015, European Commission spokesperson Enrico Brivio confirmed that 19 of the 28 members that belong to the EU block have requested ‘opt-outs’ : Austria, Belgium for the Wallonia region (constituting over half of Belgium’s territory), Britain (for Scotland, Wales and Northern Ireland), Bulgaria, Croatia, Cyprus, Denmark, France, Germany, Greece, Hungary, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Poland and Slovenia. Germany has a partial opt-out that will still allow research into GM crops without commercial cultivation. Altogether these nations represent ~70 % of the EU population and over two-thirds of its arable land.
Serbia and Russia, not members of the EU, have also made a point of rejecting the technology, with Serbia now marketing itself as an exclusively non-GM soy producer [2-4]. Switzerland, not a member of the EU, has a moratorium against GM crops already in place.
Similar opt-out proposals are under consideration for imports of GM food and animal feed but are yet to be finalised…
The fortunes of ag-biotech giants including Monsanto have been flagging since at least 2014, when China the world’s largest importer of grain and GM produce began rejecting major shipments of maize on account of contamination with non-approved GMOs. At the same time, the rising popularity of non-GMO and organic food, and increasing problems with glyphosate-resistant weeds and Bt-resistant pests have prompted record numbers of US farmers to switch back to non-GMO or to organic production.
Stefano Fait, Ph.D.
Trento — Italy
Social forecaster, political scientist and anthropologist.
Strategy consultant, communications and social media relations manager for WazArs and -skopìa.
Arts and Culture reporter for “Trentino” & “Alto Adige”. Professional translator.
Editor-in-chief of futurables.com.
Peer reviewer and contributor for Routledge, Palgrave Macmillan, University of British Columbia Press, IGI Global, Infobase Publishing, M.E. Sharpe, Congressional Quarterly Press, Greenwood Press.
Laurea in Political Science — University of Bologna (2000).
Ph.D. in Social Anthropology — University of St. Andrews (2004).
Co-author of “Contro i miti etnici. Alla ricerca di un Alto Adige diverso” (2010).