Tag Archives: GMO

No, These Food Companies Are Not Owned by Monsanto

By Alyce Lomax, The Motley Fool

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A meme that’s recently enjoying some frequent sharing through social media like Facebook lists well-known consumer brands and companies, stating they are “owned” by genetically modified seeds giant Monsanto  and therefore, anyone who doesn’t want to consume GMO foods should avoid them. Actually, though, it’s not really accurate.

In many cases, some of the listed companies’ brands do indirectly rely on Monsanto (and other companies that make genetically modified agricultural products) for ingredients. Are these brands or companies owned by Monsanto? No: That part’s hogwash.

Here’s the skinny on Monsanto and the grocery list.

Digging deeper into that anti-grocery list
The way Monsanto indirectly sneaks into Americans’ grocery carts is simply that it genetically modifies seeds for common crops. So do other companies like DuPont, but they receive far less public scrutiny than Monsanto.

There are different variations of the anti-Monsanto social meme floating around, claiming that companies and brands like Procter & Gamble , PepsiCo , Coca-Cola, and other household names are owned by Monsanto.

This is completely untrue. Those of us who are investors know that consumer giants like these are in fact public companies, owned by shareholders and certainly not Monsanto.

One list making the rounds has some pretty overt mistakes even beyond the ownership claim.

For example, list member “Kraft/Philip Morris” no longer exists. Those two were once a giant conglomerate, and they parted ways about six years ago. More recently, Kraft split up, with Mondelez keeping the high-growth snack sector (including brands like Cadbury and Nabisco) while spinning off Kraft grocery brands, such as the iconic Kraft Macaroni & Cheese.

Some outrageous typos also tipped off a list lacking much thought or fact-checking. “Minute Made,” “Cool-aid,” and “Sweppes” aren’t exactly on shopping lists in the first place, because technically, those aren’t the products’ names.

The spirit of the list can’t be denied, though, and it’s the reason the meme gets circulated: Many consumers simply aren’t armed with the information they desire, and labels and marketing claims can be confusing. For example, brands like Kashi, Bear Naked, and Gardenburger are all owned by Kellogg ; products like these that say they are “natural” aren’t necessarily organic. So if you’re avoiding GMOs, beware.

The straight dope on GMOs in your food
The majority of American processed food likely contains GM ingredients from crops grown with engineered seeds. That’s because just about all conventional U.S. corn and soybeans now have foreign genes. These genes allow soybeans to resist a common herbicide, and engineer corn to produce its own insecticide.

A massive number of American products utilize corn or soy as crucial ingredients. Anyone who pays attention to high-fructose corn syrup has probably noticed how frequently that ingredient substitutes for cane sugar, for example. Consumers’ best way to avoid such foods is to buy organic, which by definition excludes genetically modified organisms, or GMOs.

Whole Foods Market is a safe place for GMO skeptics to shop, since so many of its products are in fact organic, and many of its

Source: FULL ARTICLE at DailyFinance

Debate Surrounding GMO Seeds Heats Up As Supermarkets Start Labeling Ingredients

By The Huffington Post News Editors

From the Boulder iJournal’s Troy Hooper:

BOULDER — Ever since genetically modified organisms entered the mainstream in 1996, Alfalfa’s has tried to keep them off of its shelves.

Seventeen years later, Whole Foods isn’t going quite that far but by 2018 it now plans to require GMO labeling in every one of its stores.

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Source: FULL ARTICLE at Huffington Post

Whole Foods' Brilliant Cross-Contamination Plan

By Jacob Roche, The Motley Fool

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Earlier this month, Whole Foods made a big decision — it’s giving its suppliers five years to either source non-gentically modified (GM) ingredients or clearly label any products that contain genetically modified ingredients. Whole Foods is so far the only major grocer to make this requirement, and it may prove to be yet another key differentiator between the company and its more conventional rivals.

California residents may be reminded of last year’s Proposition 37, a ballot measure that would have required similar labeling for any foods with GM ingredients, statewide. The measure failed, contradicting polls that consistently show that huge majorities of Americans support GM labeling, but the vote was close — 53.1% to 46.9%. There’s a lot of debate over why the measure failed, but one thing is for certain — a lot people are interested in what goes into their food, and Whole Foods isn’t necessarily just preaching to the choir.

Everything gives you cancer
During the Prop 37 campaign, some comparisons were made with 1986’s Proposition 65, which did pass and required warning labels on products containing chemicals known to cause cancer or birth defects. Unfortunately, it turned out that that was pretty much everything, and now almost any place you go has signs out front warning that the building contains cancerous chemicals. They’re so commonplace that no one really pays attention to them now. I’ve lived in more than one apartment with a warning sign not far from my front door.

The same problem exists for GM labeling. About 75% of all packaged food contains ingredients that come from genetically modified organisms, and the worry with Prop 37 was that the labels would be so commonplace that consumers would stop noticing them.

The easy solution is to buy organic food, which legally can’t contain genetically modified ingredients. This is what makes Whole Foods‘ labeling decision a key differentiator. Customers won’t necessarily have more information — Whole Foods already labels non-GMO products on its own. But conscious consumers may not connect the lack of a “non-GMO” label with the presence of GMOs, and by making suppliers label their own GM products, Whole Foods can highlight the stores’ large selection of organic products, including its own Whole Foods 365 Organic line. Because organic products tend to carry a higher margin, this move could prove to be as profitable for the company as it is helpful for consumers.

Going old school
While it’s unlikely that the labeling will convince huge droves of customers to give up processed food made from GMO ingredients, pushback against GMO foods can already be seen in some areas of the world. Certain drought-resistant corn seeds from DuPont and Syngenta , for example, are produced with the age-old technique of selective breeding, whereas Monsanto‘s are genetically modified by splicing in genes from other, hardier plants.

The difference matters in certain European countries, which have strict laws regarding genetically modified foods, and in the …read more
Source: FULL ARTICLE at DailyFinance

General Moly Announces Financing Update

By Business Wirevia The Motley Fool

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General Moly Announces Financing Update

LAKEWOOD, Colo.–(BUSINESS WIRE)– General Moly, Inc. (the “Company”) (NYSE MKT: GMO)(TSX: GMO), a U.S.-based molybdenum mineral development, exploration and mining company has been informed that legal counsel has suspended work on the $665 million Chinese sourced Term Loan that is currently being negotiated with China Development Bank (“CDB”) for the development of the Mt. Hope Project until further notice. This suspension of activities relates to media reports that Mr. Liu Han, Chairman of Sichuan Hanlong Group (“Hanlong”) has reportedly been detained by Chinese authorities. Hanlong or an affiliate is obligated to arrange and guarantee the Term Loan, throughout its life.

General Moly is seeking clarification from Hanlong as to the implications for the Company and will advise the market should these enquiries render any relevant information.

Bruce D. Hansen, Chief Executive Officer of General Moly, said “We have been making good progress negotiating the Term Loan and are disappointed that this work has been suspended until further clarification is received from Hanlong. We hope to re-establish Term Loan negotiations with Hanlong and CDB in the near-term, but will concurrently assess other financing alternatives.”

* * * *

General Moly is a U.S.-based molybdenum mineral development, exploration and mining company listed on the NYSE MKT (formerly the NYSE AMEX) and the Toronto Stock Exchange under the symbol GMO. Our primary asset, our interest in the Mt. Hope Project located in central Nevada, is considered one of the world’s largest and highest grade molybdenum deposits. Combined with our second molybdenum property, the Liberty project that is also located in central Nevada, our goal is to become the largest pure play primary molybdenum producer in the world. For more information on the Company, please visit our website at http://www.generalmoly.com.

Forward-Looking Statements

Statements herein that are not historical facts are “forward-looking statements” within the meaning of Section 27A of the Securities Act, as amended and Section 21E of the Securities Exchange Act of 1934, as amended and are intended to be covered by the safe harbor created by such sections. Such forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those projected, anticipated, expected, or implied by the Company. These risks and uncertainties include, but are not limited to, metals price and production volatility, global economic conditions, currency fluctuations, increased production costs and variances in ore grade or recovery …read more
Source: FULL ARTICLE at DailyFinance

Whole Foods' GMO Labels Are About to Change Grocery Shopping

By M. Joy Hayes, Ph.D.

Genetically Modified Organisms

Filed under: , , , ,

A label on a bag of popcorn indicates it is a non-GMO food product. (Robyn Beck, AFP/Getty Images)

Who would have thought that Walmart (WMT) would ever sell organic foods? But now they do, and you can thank Whole Foods (WFM) for that. Whole Foods sets the trends, and it’s about to do it again with a new food-labeling initiative that may force other major retailers to follow suit.

Whole Foods announced on Friday that it is giving its suppliers five years to clearly label all products containing ingredients with genetic material that has been modified through genetic engineering, or Genetically Modified Organisms. Alternatively, suppliers have the option of sourcing only non-GMO ingredients. The company says this move is in response to consumer demand (as reflected by the growing sales of their existing non-GMO products) and grassroots political movements pushing for more transparent labeling.

Where Whole Food Goes, So Goes the Neighborhood

Whole Foods became the first national certified organic grocer in 2003 and flourished as it served high-income customers. Other major retailers saw that there it was profitable to offer organic food options that were clearly labeled as such.

In 2005, Safeway (SWY) introduced its own private-label organics line, called O Organics. In 2006, Walmart, Target (TGT), and Costco (COST) all introduced their own lines of organic products.

In turn, this broader demand motivated big brands like Kellogg (K) and Kraft (KRFT) to start developing organic versions of their most popular products in order to meet the grocers’ new and growing demand for organic products.

Next Course, Hold the GMOs

If Whole Foods is right about the significant, growing consumer demand for non-GMO products, then we should expect to see a similar spread of non-GMO products in mainstream grocery stores.

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According to a recent poll conducted by Huffington Post and YouGov, 82 percent of Americans want GMO foods to be clearly labeled. Whole Foods President A.C. Gallo told The New York Times that some of their suppliers have seen sales increases of 15 percent in foods they have labeled.

While opponents of the initiative claim that GMO labels can mislead consumers by creating a false impression that GMO foods pose health risks, advocates claim that they do have the potential to pose a wide range of health risks — everything from creating new allergens to causing humans to build up a resistance to antibiotics.

Advocates also worry that GMOs eliminate genetic diversity in our crops and put us in a position where the introduction of a new pathogen could destroy an entire food source. And some say that the FDA‘s claim that products containing GMOs are safe for consumption is based on inadequate testing — and that many of the studies that conclude GMOs are safe have been conducted …read more
Source: FULL ARTICLE at DailyFinance

Whole Foods: Bold Moves Make a Great Investment

By Alyce Lomax, The Motley Fool

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Whole Foods Market has made a bold statement many of its major grocery rivals would never dare make. The organic and natural grocer is mandating that its suppliers label the products it sells in its aisles to disclose whether they contain genetically modified organisms (GMOs).

A major move like this — which absolutely goes against status quo — is why Whole Foods is one of my favorite stocks as well as a component of the Prosocial Portfolio I’m managing for Fool.com.

Secret sauce indeed
Many Americans likely remain unaware that GMOs are present throughout our food supply. Most corn and soybeans are genetically modified at this point, and these are ingredients in scores of popular foods. A quick glance at nutritional labels will reveal how many popular conventional foods contain high-fructose corn syrup, for example.

Many of the products Whole Foods already carries have already disclosed that they’re GMO-free on their labels. According to the grocer, customers respond very well, showing a healthy market for such products, with some enjoying 15% to 30% sales increases. Furthermore, organic products don’t need to be labeled as GMO-free, since that’s part of the organic definition.

The daring move comes after the California Proposition 37 defeat, which sought to require all food companies to label products including GMOs. That defeat came after powerful, cash-rich companies such as Monsanto , Pepsi , and Coca-Cola shelled out millions in an anti-labeling campaign. Whole Foods and Hain Celestial were among the companies that backed GMO labeling.

Some scientists and companies, as well as the Food and Drug Administration, say genetically modified foods are no different than their counterparts whose genes haven’t been tinkered with.

Still, critics claim that there hasn’t been enough study, and some even say that scientific findings about negative impacts of GMO crops and their effect on health and the environment have been suppressed or too flippantly dismissed. However, the most compelling and commonsense part of the pro-labeling argument may simply be that consumers have a right to know what they’re eating and how it has come to be on their plates.

Seeds of change
Although Whole Foods has imposed a five-year deadline for its suppliers to get with the program, note that it’s the only major grocer that’s pushing its suppliers on this issue, and that’s a pretty amazing move. It’s already the major grocer that far and away carries the most certified non-GMO products in North America, with that number of products coming in at 3,300.

As always, Whole Foods is ahead of the curve compared to many conventional rivals. Here’s another interesting element on the horizon: Some huge companies are beginning to start a constructive discussion about GMO labeling laws, given clear momentum in the right-to-know movement and more GMO labeling-related ballot initiatives in other states. The New York Times reported in January that executives from behemoths Pepsi, ConAgra , and  Wal-Mart met with pro-labeling groups …read more
Source: FULL ARTICLE at DailyFinance

Whole Foods Sets 2018 Deadline for GMO Labeling on All Products

By Rich Smith, The Motley Fool

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Whole Foods Market has set 2018 as its target date for being able to tell every shopper in its aisles whether they’re buying a food product that contains genetically modified organisms. The company announced Friday that all Whole Foods stores in the U.S. and Canada will require that all packages sold in its store include “GMO” information in their labeling. It says it is the first supermarket chain in the U.S. to set such a date certain.

The company said it’s working with its suppliers to ensure this information is available on everything it sells, and is giving them five years to work out the details on how to make it happen. Already, Whole Foods says it boasts a lineup of 3,300 “verified” non-GMO products on its shelves.

Explaining the move, co-CEO Walter Robb said the company is supporting “the consumer’s right to know” what they’re eating, and fighting back against “the prevalence of GMOs in the U.S. paired with nonexistent mandatory labeling.”

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The article Whole Foods Sets 2018 Deadline for GMO Labeling on All Products originally appeared on Fool.com.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool recommends Whole Foods Market. The Motley Fool owns shares of Whole Foods Market. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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Whole Foods GMO Labeling To Be Mandatory By 2018

By The Huffington Post News Editors

Whole Foods has announced that by 2018, all products in U.S. and Canada stores must be labeled if they contain genetically modified organisms (GMOs). This is the first national grocery store to set a deadline from GMO labeling.

“We are putting a stake in the ground on GMO labeling to support the consumer’s right to know,” said Walter Robb, co-CEO of Whole Foods Market, in a press release. “The prevalence of GMOs in the U.S. paired with nonexistent mandatory labeling makes it very difficult for retailers to source non-GMO options and for consumers to choose non-GMO products. Accordingly, we are stepping up our support of certified organic agriculture, where GMOs are not allowed, and we are working together with our supplier partners to grow our non-GMO supply chain to ensure we can continue to provide these choices in the future.”

Genetically modified organism have been manipulated through genetic engineering by introducing changes into DNA structure.

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Source: FULL ARTICLE at Huffington Post

GMO Giant Monsanto Joins Big Business Coalition For UN Agenda 21

By Breaking News

United Nations logo SC GMO Giant Monsanto Joins Big Business Coalition for UN Agenda 21

Corporate giant Monsanto, known for its controversial business model, lobbying, and its widely criticized genetically modified organisms (GMOs), has officially joined the World Business Council for Sustainable Development, a group of powerful interests including major banks and Big Oil backing the United Nations “Agenda 21” scheme for so-called “sustainable development.” Critics, however, expressed alarm over the announcement, saying the global “sustainability” push is really a transparent plot to centralize power in the UN and enrich special interests at the expense of private property rights, national sovereignty, and individual liberty.

Despite the widespread suspicion and criticism plaguing both Monsanto and the global Big Business alliance pushing the UN’s Agenda 21, the company and the coalition celebrated the move in a recent press release. According to the announcement late last month, the biotech behemoth will be rolling out a “sustainability” course for its employees all over the world. Chairman and CEO Hugh Grant will represent the GMO company as a “Council Member” in the global “sustainable development” coalition.

Even though Monsanto has become probably one of the most controversial companies in the world, it is extraordinarily well connected in the halls of power, and the global business alliance for “sustainable development” celebrated the firm’s decision to sign up. “In joining the WBCSD, Monsanto is taking an important step along a continuum towards developing a more sustainable agriculture system — one that improves our daily lives, respects our global environment and recognizes the importance of the world’s small-holder farmers,” claimed council President Peter Bakker in a statement posted on the group’s website.

Farming and global agriculture must change, the WBCSD continued. “We must find new ways to protect soils, enhance ecosystems and optimize land use in ways that are environmentally sound,” Bakker added in the press release. “And we must move towards a future vision for agriculture where absolutes become as out of place as a one-size-fits-all approach to farming.”

Indeed, the WBCSD’s website is rather candid about its aims and its “One World vision,” explicitly touting the UN Agenda 21 and its radical plan for transforming human civilization. “The One World vision is the ultimate stage of a conceptual evolution that started decades ago,” the council notes on its site. “This evolution produced several paradigm shifts that combine how we comprehend our world, and, as a result, how we try to deal with it.”

Read More at The New American . By Alex Newman.

Source: FULL ARTICLE at Western Journalism

Anti-GMO Crusader: I Was Wrong

By Evann Gastaldo In the 1990s, environmental activist Mark Lynas helped start the anti-GMO movement, fighting against genetically modified food crops. But now he’s done a complete 180, telling the Oxford Farming Conference earlier this month that he was wrong to “demon[ize] an important technological option which can and should be used to…
Source: FULL ARTICLE at Newser – Home