This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Monsanto Grows Controversy on Genetically Modified Food

NEW YORK (TheStreet) -- Like a bumper crop after beneficial rains, spending by Monsanto (MON), DuPont (DD)Dow Chemical  DOW, Bayer CropScience and others have soared in food labeling lobbying efforts at the federal and the state level.

Monsanto, the world's largest producer of genetically modified seeds, had the sixth-biggest increase of any advocacy group active in the nation's capital, expending $1.4 million in the second quarter and $2.4 million in the third quarter of this year.

The Missouri-based company was very active on the Farmer Assurance Provision, which shielded seed companies from lawsuits and was called the "Monsanto Protection Act" by its critics. Overall, spending increased by almost 75% with $4.7 million in outlays through the first three quarters of 2012.

DuPont and Dow Chemical are also major players in the marketplace for bioengineered crop seeds.

Food labeling measures could have a tremendous impact on the bottom line of these companies as well as on shoppers, the industries contend. Bills for families would increase by hundreds of dollars annually. Making the labels costs the companies money and that cost will be passed along to consumers.That was the case made for defeating a recent measure in Washington state.

Over $20 million was spent by a consortium of food, agriculture and chemical companies to push back at attempt at requiring food labeling in that state.

Monsanto kicked in over $5 million. About $3.6 million was expended by DuPont Pioneer, the seed of unit of the chemical giant. Dow Chemical chipped in another $621,000. Monsanto and DuPont were the leading donors in a $46 million drive last year to defeat an effort to require labeling in California.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,069.10 -10.47 -0.06%
S&P 500 2,000.54 +3.80 0.19%
NASDAQ 4,573.7710 +16.0760 0.35%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs