Bayer AG
Food Chain Radio Show #1236
Michael Olson, Author & Urban Farming Agriculturalist
Bayer AG Big Monsanto Buy
Guest: Mischa Popoff, Author, Is It Organic?
In 2015, the World Health Organization declared that glyphosate, the active ingredient in Monsanto’s Roundup weedkiller, was a probable cause of cancer.
Michael Olson Food Chain Radio – Should one bet the family farm on Bayer AG stock?
In 2018, the German pharmaceutical and life sciences giant Bayer AG purchased Monsanto for $63 Billion dollars.
In 2020, Bayer AG agreed, without admitting guilt, to pay out nearly $10 billion dollars to settle roughly 125,000 claims that its Roundup weedkiller caused non-Hodgkin lymphoma.
Also in 2020, Bayer AG agreed to set aside another $1.25 billion to cover a separate class action agreement for future claims.
That Bayer has spent so much money buying Monsanto, whose patent on glyphosate has timed out, and whose liability for glyphosate is just coming due, leads us to ask…
Leave a comment below: Should one bet the family farm on Bayer AG stock?
Nationally syndicated Food Chain Radio airs live Saturday mornings 9-10AM Pacific.
