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Monsanto is a leading provider of agricultural products including seeds and insecticide. The company produces seeds for fruits, vegetables and key crops - such as corn, soybeans, and cotton - that help farmers have better harvests while using water and other important resources more efficiently.
Monsanto produces leading seed brands, including DEKALB and Asgrow, and develops biotechnology that integrate insect control and weed control into the seed itself. The company also makes Roundup, the world's best-selling herbicide, and other herbicides.
Through the Holden's/Corn States business, Monsanto also provides other seed companies with genetic material and biotechnology traits for their seed brands.
The company is made up of two primary segments: Seeds and Genomics, and Agricultural Productivity. The Seeds and Genomics segment consists of global businesses in seeds and related biotechnology traits, and a technology platform based on plant genomics, which increases the speed and power of genetic research. The Agricultural Productivity segments include Roundup herbicide and other crop protection products, as well as the Animal Agriculture business.
In fiscal 2014, Monsanto reported revenues of $15.8 billion, a 7% increase, and net income of $2.7 billion. Corn seed and traits made up $6.4 billion in revenues while soybean seed and traits brought in $2.1 billion in revenues.
Monsanto has 21,183 global employees at 404 facilities in 66 countries with 10,277 employees in the U.S. at 146 facilities in 33 states.
John F. Queeny founded the original Monsanto corporation in 1901. His wife was Olga Monsanto Queeny. The first product of that company was saccharine.
Roundup herbicide was commercialized in the U.S. in 1976.
In 2000, the original Monsanto enters into a merger and changes its name to Pharmacia Corporation. Monsanto was spun off from Pharmacia as a separate company in 2002. Pharmacia is now a subsidiary of Pfizer.
- Monsanto Savings & Investment
Plan - For every dollar you save - up to and including 7%
of your eligible pay - Monsanto adds 60 cents, automatically
invested for you in Monsanto common stock. This is called the
"regular Company Match." We define "eligible
pay" as base pay plus overtime, shift premiums and annual
cash incentive payments. In addition to the regular Company Match,
your contributions, up to and including the first 10% of your
eligible pay, could receive an additional discretionary performance
match depending on annual business results. Like the regular
Company Match, any performance match will automatically be invested
in Monsanto stock.
Updated January 7, 2015