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Timeline of the Monsanto Company

Over its 108-year history, Monsanto Co, the world's largest seed company, has evolved from primarily an industrial chemical concern into a pure agricultural products company.

The following is a timeline of the St. Louis, Missouri-based company's history.

1901
Original Monsanto founded in St. Louis, Missouri as a maker of saccharine by John F. Queeny and named after his wife, Olga Monsanto Queeny.

1920s & 1930s
Manufacturers sulfuric acid and other chemicals, including polychlorinated biphenyls (PCBs), which are later implicated in reproductive, developmental and immune system disorders.

1940s
Manufactures plastics and synthetic fabrics

1960s
Establishes agricultural division with focus on herbicides.

1962-1971
Becomes one of principal companies supplying herbicide known as Agent Orange to U.S. military for use in Vietnam War. Agent Orange is later linked to various health problems, including cancer.

1976
Commercializes Roundup herbicide, which goes on to be a top seller around the world.
 
1980s
Lawsuits against Agent Orange manufacturers begin

1982
Some 2,000 people are relocated from Times Beach, Missouri, after area is contaminated with PCB by-product dioxin. Critics say a St. Louis-area Monsanto chemical plant was a source but company denies any connection.

1994
Wins regulatory approval for its first biotech product, a dairy cow hormone called Posilac.

1996
Introduces first biotech crop, Roundup Ready soybeans, which tolerate spraying of Roundup herbicide, and biotech cotton engineered to resist insect damage.

1997
Spins off its industrial chemical and fibers business into Solutia Inc amid complaints and legal claims about pollution from its plants. Introduces new biotech canola, cotton and corn, and buys foundation seed companies.

1998
Introduces Roundup Ready corn.

2000-2002
Restructures in deal with Pharmacia & Upjohn Inc; separates agricultural and chemicals businesses and becomes stand-alone agricultural company.

2001-2002
Identified by the U.S. Department of Environmental Protection Agency as "a potentially responsible party" for 56 contaminated ("Superfund") sites in the United States.  Held liable for PCB dumping. 
 
2002-2003
Jury finds Monsanto plant in Anniston, Alabama, polluted community with PCBs. Monsanto and Solutia agree to pay $700 million to settle claims brought by 20,000 Anniston residents of PCB ground and water contamination, found to have hidden decades of pollution.

2003
Solutia files Chapter 11 bankruptcy.

2004
Monsanto forms American Seeds Inc holding company for corn and soybean seed deals and begins brand acquisitions.

2005
Environmental, consumer groups question safety of Roundup Ready crops, say they create "super weeds," among other problems.  Fined $1.5 million for bribery of a high-level official in Indonesia's environment ministry.

2006-2007
Buys several regional seed companies and cotton seed leader Delta and Pine Land Co. Competitors allege Monsanto gaining seed industry monopoly.

2007
Fined 15,000 euros (US$90,000) by a French court for false herbicide ads, misleading the public about the environmental impact of its flagship herbicide Roundup

2008
Acquires sugarcane breeding companies, and a Dutch hybrid seed company. Sells Posilac business amid consumer and food industry concerns about the dairy cow hormone supplement.

2008-2009
U.S. Department of Justice says it is looking into monopolistic power in the U.S. seed industry.

2009
Posts record net sales of $11.7 billion and net income of $2.1 billion for fiscal 2009. Announces project to improve the living conditions of 10,000 small cotton and corn farmers in 1,100 villages in India; donates cotton technology to academic researchers.

Source: Timeline: History of Monsanto Co
Reuters
November 11, 2009


More information about Monsanto:

Monsanto Corporate Website
Monsanto Wikipedia Entry
The World According To Monsanto (book)
The World According To Monsanto
(DVD)
Institute For Responsible Technology (website)

Wanted: Monsanto.  For Crimes Against The Planet (Greenpeace) 8/24/02
Monsanto Pulls GM Corn Amid Serious Food Safety Concerns (Seeds of Deception) 11/9/09
The Fight Over The Future Of Food (Reuters) 11/10/09
Is Monsanto The Answer Or The Problem? (Reuters) 11/11/09

 



 
    
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