Why the world can't avoid Monsanto's pesticides despite cancer verdict on

Why the world can't avoid Monsanto's pesticides despite cancer verdict

Glyphosate is the world's most popular and widely used weedkiller for a reason Companies News : It may seem like Judgment Day has come for glyphosate, with a California jury slapping $289 million in damages on Monsanto Co. in a cancer trial, and a federal judge in Brazil halting use of the herbicide over health concerns -- all in the space of a week.

Dramatic headlines are par for the course for Monsanto, a company that activists have targeted for decades and which Germany’s Bayer AG just bought for $66 billion. Bayer shares tumbled Monday on concerns over a protracted legal battle, but Monsanto has weathered these kinds of storms ever since its herbicide and the genetically modified crops it’s used on became such a critical part of modern agriculture.

Upon appeal, damages and rulings will likely be overturned or reduced, said Chris Perrella, an analyst at Bloomberg Intelligence.

In the end, glyphosate is the world’s most popular and widely used weedkiller for a reason. It has been good for the environment and good for farmers, and it’ll be needed as the global population expands by billions in the coming decades, Perrella said. The only alternatives to glyphosate are far “nastier” chemicals, or using diesel tractors to till fields, which creates a host of environmental problems, he said.

Crop yields have soared in recent years thanks to advances in seed technology, pesticides, herbicides and other inputs. Booming world harvests have helped to keep food inflation relatively tame even as global climate change has brought increased risks from drought, heat and storms. At the same time, there’s been growing consumer distrust of crop chemicals and GMOs, helping to drive a surge in demand for organic food.

While regulators around the world, including the US Environmental Protection Agency, say that glyphosate doesn’t cause cancer, the Francebased International Agency for Research on Cancer...Read More