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Bayer and the Roundup fiasco
Posted on 3/21/19 at 10:59 am
Posted on 3/21/19 at 10:59 am
So I have owned Bayer for awhile and was doing nicely until the Roundup trail. Did Bayer just not think it would go anywhere or is the longterm upside of Monsanto seerd and crop science that great? What is the boards longterm thoughts as it pertains to the pending litigations.
Buy the dip?
Buy the dip?
Posted on 3/21/19 at 11:05 am to GREENHEAD22
They are expanding industrial plant sites so they don't seem too concerned about the litigation.
Posted on 3/21/19 at 11:10 am to GREENHEAD22
Sprayed Roundup on my weeds 2 days ago.
No care.
No care.
Posted on 3/21/19 at 11:11 am to GREENHEAD22
We can just grow organic food for the whole planet reeeeee
Posted on 3/21/19 at 11:19 am to Brobocop
I am not arguing whether it's safe or not, it's one if the least harmful chemicals I'm usually around.
I am talking where is the thought on the stock price headed.
I am talking where is the thought on the stock price headed.
Posted on 3/21/19 at 11:53 am to GREENHEAD22
I'd like to know how they proved it was the Roundup that caused cancer and not just normal cancer occurring.
Posted on 3/21/19 at 12:02 pm to Lawyered
quote:
I'd like to know how they proved it was the Roundup that caused cancer and not just normal cancer occurring.
I'm sure that an enlightened, educated California jury can be counted on to make this determination, right?
Posted on 3/21/19 at 12:26 pm to GREENHEAD22
Bayer has typically been bulletproof in court. They thought Monsanto would be no big deal once Bayer lawyers came to the scene....
Monsanto is one of the most corrupt companies on the planet and they are getting whats coming to them from several different angles/lawsuits. Bayer's sense of invincibility has put them in a situation that is going to cost them bigly.
Monsanto is one of the most corrupt companies on the planet and they are getting whats coming to them from several different angles/lawsuits. Bayer's sense of invincibility has put them in a situation that is going to cost them bigly.
Posted on 3/21/19 at 12:29 pm to notsince98
quote:
Monsanto is one of the most corrupt companies on the planet and they are getting whats coming to them from several different angles/lawsuits. Bayer's sense of invincibility has put them in a situation that is going to cost them bigly.
I'm sitting on a former Monsanto, now Bayer, job site currently.
Posted on 3/21/19 at 12:34 pm to jimbeam
quote:
We can just grow organic food for the whole planet reeeeee
I assume this is a sarcastic comment based on the premise that GMO crops have higher yields, correct?
if so, that would be a mistake. Some GMO crops show higher yields of up to 15% despite flawed studies. Most new research is showing that legume based crops, organic farming produces as much and even higher yields. For just about all others, the difference is negligible.
Corn for example, the rest of the world where they are not using GMO corn is getting higher yields than here in the USA.
In short, the media lies about everything including our food.
Posted on 3/21/19 at 12:35 pm to rowbear1922
quote:
I'm sitting on a former Monsanto, now Bayer, job site currently.
I also work at a few regularly. We have had a few projects canceled due to the recent concerns. Sucks for us.
Posted on 3/21/19 at 12:37 pm to notsince98
quote:
I also work at a few regularly. We have had a few projects canceled due to the recent concerns. Sucks for us.
We are in year 4 (my 2nd on this project) of a 6 year expansion....it's a little too late to be concerned with litigation (not that I would care because I'd ready to move to a new job elsewhere)
Posted on 3/21/19 at 9:06 pm to Lawyered
My grandfather died from leukemia in 2012. He was a farmer all his life. We speculated back then it was probably from the roundup.
Posted on 3/21/19 at 10:40 pm to AaronDeTiger
My grandmother died from leukemia,she was housewife.Never gardened,grew flowers just pulled up the weeds in her beds.
Posted on 3/22/19 at 5:34 am to notsince98
quote:
Corn for example, the rest of the world where they are not using GMO corn is getting higher yields than here in the USA.
Really? Because according to This France’s corn yield over the last ten years or more has averaged ~9 t/ha (or 130 bpa) while according to This the U.S. has averaged over 160 bpa in that same timeframe (and steadily rising).
quote:
Most new research is showing that legume based crops, organic farming produces as much and even higher yields. For just about all others, the difference is negligible.
I would love to see the data on this, because I don’t believe that statement for even a millisecond. I’ve seen “organic” crops. They look like garbage. Crap I wouldn’t even want to feed to a horse, much less a human. ETA: Nevermind, I got bored and found it myself. Here you go: LINK and LINK. Doesn’t look like negligible or higher yields to me. If anything I’d say they were MARKEDLY lower. Funny.
Also, if Roundup is so dangerous and causing cancer for people who hardly even handle or come into contact with the stuff how do you think farmers are still managing to live to ripe old ages? I happen to know a lot of farmers who have handled it over the years and do you know what most of them are dying of? Heart disease. Not cancer.
This post was edited on 3/22/19 at 7:00 am
Posted on 3/22/19 at 2:16 pm to AaronDeTiger
There is no question that Roundup is MUCH, MUCH safer than the ag chemicals it replaced---environmentally and in terms of human toxicity.
Row crop farmers used very little Roundup until GMO soybeans came along in the nineties.
If you think any pesticide caused your grandfather's leukemia I can assure you it was not glyphosate. (why don't you think it was diesel or gasoline or Comet or some vitamin supplement he was taking or bacon filled with nitrates?? none of those things are regulated or actually tested for safety since they are not pesticides.)
Row crop farmers used very little Roundup until GMO soybeans came along in the nineties.
If you think any pesticide caused your grandfather's leukemia I can assure you it was not glyphosate. (why don't you think it was diesel or gasoline or Comet or some vitamin supplement he was taking or bacon filled with nitrates?? none of those things are regulated or actually tested for safety since they are not pesticides.)
This post was edited on 3/22/19 at 2:18 pm
Posted on 3/22/19 at 2:20 pm to I B Freeman
California requires cancer warnings on beer and wine too.
It burns me up to see these people accuse companies of causing their cancer just to get to a deep pocket. Baby powder---J&J got absolutely burned in a Missouri state court over baby powder.
It burns me up to see these people accuse companies of causing their cancer just to get to a deep pocket. Baby powder---J&J got absolutely burned in a Missouri state court over baby powder.
Posted on 3/22/19 at 2:26 pm to I B Freeman
quote:
If you think any pesticide caused your grandfather's leukemia I can assure you it was not glyphosate.
glyphosate (C3H8NO5P)is a herbicide not a pesticide.
and its basically just a salt
Posted on 3/22/19 at 2:28 pm to GREENHEAD22
quote:
Did Bayer just not think it would go anywhere
I had the experience of suing both Bayer's pharma division (Baycol) and their agricultural division (ICON).
This is all I can say about their corporate decision-making process as a litigator against them:
They brought one of the last "name" statins to market (Baycol) and despite the clear medically associated risk of high cholesterol, it is the only one to have been withdrawn due to unacceptable risk profile. Why they put the company's bottom line (and, hell, even their name with the branding) on the line is beyond me.
ICON was a little different. They actually consulted with a LSU professor on product development and no one involved contemplated the co-aquaculture concept of rice and crawfish, nor did they even think to test the pesticide portion of the ICON seed on crawfish.
So, the rice farmers of Louisiana tested it "in combat" so to speak.
I say this as someone who does not hold any particular ill will towards the company and would not be averse to holding a mutual fund that had Bayer in its portfolio, but still -
Posted on 3/22/19 at 2:45 pm to cgrand
To be fair, pesticide is a blanket term for herbicide, fungicide, insecticide, etc.
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