GMO Adoption in the United States

GMOAdoption in the United States

MonsantoCompany

MonsantoAgricultural Company

Monsantois an agriculturalbased companyin United States of America that aimsto promotesustainable farmingandproductionby exploitingtheavailableresourcesto increasetheyields of everyunitof land.Thecompanytracesits establishmentin 1901, andthrough theyears,ithas beenon thefrontlineto increasetheproductivityof farmers,processors, andconsumers.Farmersin theUnited States of America are alwaysin searchof crediblecompaniesto dobusinessandMonsanto has provedto be one of themostpreferred.Thecompanyoffersthree basicservicesto cater forthecomprehensiveneedsof allfarmers.First,theyprovideconventionalandbiotech seedsthat givegoodyields during harvesting.Secondly,theyprovidea setof farmingmachineryandtechnology to aidfarmersin cultivatingextensiveportionsandreducethecostof production.Finally,theyprovidecropprotectionchemicalsthat are up-to-dateto avoidresistancefrom pests(Rhodes, 2015).

Thecompanyprovidesfarmerswith a varietyof seedsforcorn,cotton,soybean, wheat,vegetables,sorghum, andsugarcane. Thevariousbrandsin themarketfortheseedsincludeAsgrow, Deklab, Seminis, Deklab among others. Thechemicalsproducedby thecompanyappearwith brandnameslike Harness, Intrro and Roundup Custom among others.Theagriculturalinstitutionwasone of theearlyadaptors of Genetically Modified Seeds. Farmerscan choosebetween conventionalandmodifiedseedsdepending on thefarmingpoliciesin their locales.Consumerassociationsopposeto thecompanyto an extentof forgingcampaignsto stoptheproductionof genetically modifiedseeds.Thecompanyholdsonto thestandthat modifiedcropscausenoharmto humanbeings,andtheysupportthisthrough researchof differentscientists(Rhodes, 2015).

Financialstatus

MonsantoCompany is a public organization that trades at the NYSE under thename MON. According to the February 2013 Financial year report, theorganization had US$ 14.861 billion revenue while it had US$13.504&nbspbillion income in 2012. Its operating income was US$ 3.57billion in 2013. On the same note, it a US$ 2.482 billion net incomefor the same year. Its total equity was US$ 12.728 billion while itsentire assets value was US$ 20.664 billion. According to the YahooFinance, the Monsato share closed at 117.37 on 20th April, 2015. Theprice was a 0.57% increase. The company is divided into twosubsidiaries. The seeds and traits branch accounts for 66.6% of theorganization’s gross profit while the sector of the chemicals earnsthe remaining 33.4%. For the year ended August 31, the net sales ofthe company amounted to US$ 15.85 billion (Monsanto Company, 2015).

Thepublic and policy position

Publicandpolicypositionon genetically engineeredcropsfirstfoundtheir wayinto themarketin 1996. Itattracteda hugepublicoutcrydue to theperceiveddangersassociatedwith suchfoods.Differentpeoplehaddifferentopinionsanddue to thetusslebetween scientistsandthelawmakers,thepublicbecameverycautiouswhenbuyinganyfoodsdubbedas genetically made.Thecounty’spoliciesregulatingthegenetically modifiedfoodsalsotryto shield thecitizensfrom harmfulpractices.Agradualtendencyof looseningthegripon thestrictrulesis evident,andthere are lessercampaignsagainst biotech products(Economic Research Service, 2013).

Inthewakeof thepracticeof introducinggenetically modifiedorganismin 1986, thegovernmentof theUnited States formedtheCoordinated Framework forRegulation of Biotechnology. Themainaimof theplatformwasto regulatetheproductionof foodsandto averttheattentionfrom processing. Before theintroductionof GMO, therulessurroundedprocessing of differentfoodssince itwastheimmediatethreatto consumers.Under theplantprotectionact,thegovernmentinstitutedtheAgriculture’s Animal andPlant Inspection serviceto assessanyrisksassociatedwith production.Themeasuresare clearevidenceof thegovernment’sinvolvementin protectingthecitizensagainst anyperceivedhealthrisks(Economic Research Service, 2013).

Theregulationtakesplacein thevariousstateswith coordination of thenationalgovernment.At thefederallevel, there is nopolicycustomize in thedifferentlocalities.Anyissuesrelatingto theuseof chemicalsandfoodproductionare under thejurisdictionof thenationalgovernmentprovisions.Allegationsof malpracticethat bearsnoweightfindtheir wayinto theconventionallawsforhealthsafetyandenvironmentas providedforby thefederalgovernments(Economic Research Service, 2013).

Thehugeproductionmakesthecountrythebiggestproducerof GMOs in theworld.Forthisreason,therulesthat surroundtheproductionof suchcropsandchemicalstendto inclineto theavailableevidenceanddata from agriculturalresearchandhealthinstitutions.Thepublicperceptionscontinueto neutralizetowards theuseof GMO. Itthelate90s andafter themillenniuma bignumberof American approachedthesubjectedwith a lotof cautionandtheyevenformedgroupsto pooltheir voicestogethertowards theadoptionof GMOs. Thestaunchoppositionas dueto misinformation from varioussourcesbutresearchcontinuesto clearthegrayareassurroundingtheissue(Fernandez &amp Caswell, 2006).

Whenthenewsof engineeredfoodsreachedthepublicdomainthere wasa mixedfeelingon whetherto embracetheideaorrejectit.Variousorganizationincludingorganicfarmingandconsumerbodieswereagainst theidea,andtheyledthepublicto believethattheir dietwasat riskof infiltration by somedangerousproducedfood(Kopicki, 2013).

Asurveyconductedbetween 2001 and2006 showedthatthere wasa veryunderstandingof whatbiotech foodsentailed.Thepublicwasnot awareof howmuchof thefoodtheywereconsumingin their diet.During thisperiod,only27% supportedtheadoptionof biotechnology in foodproductionwhile46% opposedit.In orderto makeinformedchoices,93% of thecitizenssupportedtheideaof labelingthefoodsas eitherconventionalof modified.Asat 2013, morethan halfof theAmerican populationwasawareof thebiotech foodin their dietandtheywerecomfortablewith it.Althoughthere are stillsomeinstitutionsthat are against theidea,manyhavelostthesupporttheyenjoyedin thelastone decade (Kopicki, 2013).

Accordingto scholars,GMO is one of theissuesthat havereceiveda comprehensiveattentionin thefoodindustry.In thelasttwo decades, scientistshaveconductednumerousstudiesto ascertainthatGMOs donot puttheconsumers`wellbeing at risk.After all thoseyearsof study,nohealthcasehas beenassociatedwith theuseof thefoodin question.Their researchhas beenabiginjectionto thegovernment’seffortsto creatingawarenessandconfidenceI thepublic.Accordingto them, biotech foodsare moreadaptive than theconventionalcropsand,therefore,theyincreasethefarmers’yields. Consequently, theyare moreeconomicalto cultivatesince theyhavea highproductionper unitareacomparedto thetraditionalcrops.American Medical Association are keystakeholders in thestudy(Goldstein, 2014).

Theireffortsandfindingscontinueto demystify theissuessurroundingGMOs In thenextseveralyears,thewaveof biotech foodswill rulethefoodindustryin theUnited States. Borrowingfrom thecurrentproduction,93% of soybeans, 90% of cottonand91% of cornproducedin America is out of modification(Goldstein, 2014). Thetrendtranslatesinto a fullycompliantconsumerbase.Companiesthat producebiotech foodsshould makeplansto cope with thefavorablepolicychanges.

Conclusion

GMOsreceiveda pushin thelastone decade towards infiltrating thecountriesfoodindustry.Thenumberof peopleresponsiveto theuseof thefoodscontinuesto soardueto theassurancethatithas noeffectson their health.America alsoavoidsbeinga signatory to theCartagena Protocol butactsas an independentobserver.Thebio-safety controlbody,therefore,has nodirecteffecton foodproductionin America. ThecompaniesembracingGMOs enjoysthelibertyof thenationallawswithout havingto comply with externalrequirements.Itisimperative,however,tounderstand thatthecountry’spoliciessurroundingconsumptionandsafetyof its citizensenforcesbestpracticesduring production.

Companiesshould startmakingplansto increasethescaleof production,as a bignumberof farmerswill turntowards theeconomiccrops.There is a bigpossibilitythatothercountrieswill followsuitafter puttingtherelevantcontrolbodiesin place.Theexistingcompanieswill findviable marketsin thesenewregions,anditcallsfortheincreasein thescaleof production.Monsanto standsa betterchanceto takeadvantageof thesituationdue to its firmrootsin manycountries.Severalbodiesrecognizethecompanyas one of thebestin theproductionof qualityseedsandchemicals.Thepositivepopularitygivesita betteredgeto conquerthemarket.Asone of thepioneeradopters of GMOs, thecompanyonlyneedsto injectmoreeffortin researchandproductionwithout havingto pickfrom thestart.Theefficient-famed Management is in a positionto streamline anynewrequirementsby thelawto continuebeingat thetopof bestpracticeas with referenceto genetically modifiedfoods.

References

EconomicResearch Service. (2013). Adoption of Genetically EngineeredCrops in the US, Recent Trends in GE Adoption: United StatesDepartment of Agriculture: Washington DC.

Fernandez,J., &amp Caswell, M. F. (2006). The first decade of geneticallyengineered crops in the United States. United States Departmentof Agriculture-Economic Research Service: Washington DC.

Goldstein,D. A. (2014). Tempest in a Tea Pot: How did the Public Conversationon Genetically Modified Crops Drift so far from the Facts? Journalof Medical Toxicology, 10(2), 194-201.

Kopicki,A. (2013, July 27). StrongSupport for Labeling Modified Foods, NewYork Times http://www.nytimes.com/2013/07/28/science/strong-support-for-labeling-modified-foods.html

MonsantoCompany (MON), (2015). Yahoo Finance. Available athttp://finance.yahoo.com/q?s=MON

Rhodes,C. (2015). History of the Biotechnology Revolution. CreatingLife from Life: Biotechnology and Science Fiction,17.