96% Of Monsanto Shareholders Vote Against GMO Labeling
Are Monsanto’s shareholders not very proud of the product that they invest their hard earned dollars into? Wouldn’t letting you know that so many food products contain their ‘perfectly safe’ and amazing genetically modified organisms enhance their brand? Or perhaps they simply know that Monsanto would face economic meltdown in the event that consumers knew what they were eating.
As it turns out, around 96% of Monsanto shareholders would highly prefer that you do not know whether you’re eating Monsanto’s GMOs or not. According to Bloomberg Business and many other sources in articles posted in the back end of the stock section where most individuals likely never read, the recent Monsanto shareholder conference actually calculated how many of its investors were in favor of letting people know what they are eating.
Unsurprisingly, the vote turned back with only 4.16% of the shareholders in favor of “working with regulators on GMO labeling guidelines.” In the full release by Bloomberg, we read:
“As more than 20 states consider mandatory labeling of genetically modified food, shareholders at Monsanto’s (MON) annual meeting on Tuesday voted against proposals to label and assess the costs of GMOs… One resolution, which sought a report on the cost of GMO contamination affecting non-GMO and organic crops, received 6.51 percent of shareholder votes, while another asking the company to work with regulators on GMO labeling guidelines received 4.16 percent of the vote”
At least the shareholders are smart in knowing that Monsanto’s already-terrible reputation (they’re the third most hated company in the world according to polls) would plummet even further into oblivion if the general public became aware of what’s in their dinner.
But will the shareholders get their wish? With promising new GMO labeling initiatives on the way in states like Minnesota, and federal legislation being looked at amid 60+ million calling for action in online petitions, they may not win so easily.
There is no need to label products as containing GMOs. If it doesn’t say GMO free or Non-GMO on the label it means it isn’t. If a company is claiming their products to be GMO free then they are the one’s who should have to label because they are the ones making that claim! Furthermore farmers are going to grow what crops fit into their budget and save them the most money in the long run. So if farmers see greater gains from GMO crops, sorry that is what they are going to grow. And since most people can’t support their own food needs, farmers are the ones who have the ultimate say in what crops get grown in the U.S. When they go to a seed distributor they have many choices and varieties of seed to choose from to grow in their fields and there is a reason most of them choose to plant GM soy, cotton, or corn, less inputs to production. Farmers like my father also have an old saying, We feed the world and it is best that you don’t bite the hand that feeds you.
Gee I wonder why! No one would buy the crud!
Sadly, most readers of this post are unknowing owners of Monsanto . If you own a mutual fund or have a retirement account of any kind then you are a part owner of this and many other evil companies and therefore are an encourager of this type of behavior. There is a solution. You can transfer all of your retirement and mutual funds into a self directed retirement account. Then you can invest in only companies that you support. Now that you know what are you going to do? Take action and own only good companies. Look into a self directed retirement account today
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