Monsanto Dumping Bovine Growth Hormone
by Lloyd Alter, Toronto on 08. 7.08
Anti-Monsanto crop circle in the Philippines
Poor old Monsanto corporation just can't make any money on Posilac, or bovine growth hormone any more- nobody wants it in the milk. Starbucks, Kroger, Dean foods and Wal-Mart are now demanding milk from rBGH-free cows.
Monsanto has been fighting back, trying to make labelling of milk as "rGBH free" illegal. “This is really a great product,” a Monsanto spokeswoman, Danielle Jany, said. “The business has been strong. Sales have been strong.”
Right. That is why they have put the business up for sale, so they can "focus on the company’s key profit drivers of agricultural seeds and development of specific genetic traits for crops." ::New York Times
Get another shot of Posilac and Bovine Growth Hormones
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Is it wrong that it makes me happy when something bad happens to Monsanto? In the list of evil corporations, I think Monsanto is easily in the top 5.
Notice they are selling it. Not discontinuing it or pulling it.
"Monsanto will continue to sell and market the product until a buyer is found, said Christie Chavis, who leads commercial development and strategy for the company’s animal agriculture business unit. Posilac is sold in 20 countries."
That means that somewhere, some corp will buy it and it will still be used.
Don't kid yourselves... as much as the public has rejected it... there is some corp, somewhere, who knows it can profit.
Another option... they may try to sell it and can't (or won't). But people will start believing it isn't in their milk (since Monsanto has publicly announced they are divesting)... while they continue to sell it.
This is a great piece of PR by Monsanto.
Hooray for Wall-Mart. Wait, what?!?! :) BGH is poison and it manipulated the dairy market such that farmers had no choice but to use the hormone to compete - of course sales are strong. Shame on the USDA for ever allowing this poison into our children.
If hating Monsanto is wrong I don't want to be right! I too get a little gleeful feeling when I hear something bad has happened to them
Job well done everyone!!!
hopefully this isn't the last time this company suffers a loss. And yes, for evil corporations this company is easily top 5.
Thanks, Treehugger. This is the best news I've read in a long while.
Monsanto needs to be taken to court for continuing to sell the product after the research was out. They have gotten away with an horrific thing. No one can measure the damage they have done. But, there must be way to gather enough evidence.
People- All cows have BGH in them and the reason these big companies want to have "bGH free" milk is because you pay more for it.