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Evidence is mounting that Monsanto's (MON) genetically modified corn is losing its effectiveness...
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Wednesday, September 5, 2012, 5:04 AM ETEvidence is mounting that Monsanto's (MON) genetically modified corn is losing its effectiveness to bugs, the EPA says, with studies finding that rootworms on two Illinois farms had become resistant to insecticide that the corn produces. Corn accounted for $4.81B of Monsanto's sales last year, or 41% of the total.
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“Superweeds” that Roundup no longer kills have invaded as many as 20 million acres (8.1 million hectares) of corn and soybeans, according to a Dow study. As many as 28 million acres of cotton, soybean and corn may host Roundup-resistant weeds by 2015, according to Basel, Switzerland-based Syngenta.
http://bloom.bg/R7XaGz
* I assume you're actually talking about about a pesticide, given that Roundup kills weeds, not bugs.
Seems like an opportunity. The aame way that Apple rolls out new iPhones and iPads, Monsanto might be best in breed to roll out new seed.