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The Gates Foundation Invests Millions In Monsanto

The Gates Foundation Invests Millions In Monsanto

Advocates of sustainable agriculture are shocked by the recent discovery of significant financial connection between the Bill and Melinda Gates Foundation and agribusiness titan Monsanto.

In August, a financial website published the Gates Foundation’s investment portfolio, which included recent purchases of 500,000 shares of Monsanto stock estimated to be worth over $23 million. (See the filing with the Securities and Exchange Commission).

The most troubling part about this discovery is that it marks a substantial increase from the Foundation’s previous Monsanto holdings, which were valued at just over $360,000 (see the Foundation’s 2008 990 Form).

Petition Against The Gates Foundation Monsanto Investment!

“The Foundation’s direct investment in Monsanto is problematic on two primary levels,” said Dr. Phil Bereano, University of Washington Professor Emeritus and recognized expert on genetic engineering in a press release. “First, Monsanto has a history of blatant disregard for the interests and well-being of small farmers around the world, as well as an appalling environmental track record. The strong connections to Monsanto cast serious doubt on the Foundation’s heavy funding of agricultural development in Africa and purported goal of alleviating poverty and hunger among small-scale farmers. Second, this investment represents an enormous conflict of interests.”

Monsanto is a notorious bully in the agricultural business; misleading farmers, lobbying politicians, and flirting with supreme court judges until they agree to pass legislation that edges out small family and organic farms.

News of the Gates Foundation’s recent Monsanto investment has confirmed the misgivings of many farmers and sustainable agriculture advocates in Africa, among them the Kenya Biodiversity Coalition, who commented, “We have long suspected that the founders of AGRA—the Bill and Melinda Gates Foundation—had a long and more intimate affair with Monsanto.”

And this isn’t the first time the Gates Foundation has come under fire for its questionable investments. In 2007, the L.A. Times exposed the Foundation for for its “holdings in many companies that have failed tests of social responsibility because of environmental lapses, employment discrimination, disregard for worker rights, or unethical practices.”

The Times also chastised the Foundation for what it called “blind-eye investing,” with at least 41 percent of its assets invested in companies that countered the foundation’s charitable goals or socially-concerned philosophy.”

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Prosecute Monsanto For Crimes Against Nature and All Life

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Image Credit: Flickr - Illustir

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2:23PM PDT on Jun 20, 2012

I can not believe that 13% of people did not put no on the poll!!! That worries me greatly....WE NEED TO FIGHT AGAINST MONSANTO!!!

5:46AM PDT on Aug 6, 2011

Signed the one petition that is still continuing.

11:28AM PDT on Aug 1, 2011

Just goes to show that the Gates Foundation is no different ... and I was hoping they were.

11:26AM PDT on Jul 31, 2011

Gates and his foundation is banking on Monsanto to add to his foundation coffers. Obviously, Monsanto has many supporters like Gates. The company operates world wide and has politicians in NA in it's pockets. Their contracts with farmers is aimed at wiping out all non GMO seeds.
All we can do is to continually show our shame at Gates for supporting Monsanto.
I read with great interest about Hungary's actions over a large farm growing corn from Monsanto seeds. This farm has to leave the fields vacant for a year to ensure monsanto seeds are no longer viable. It that does not raise alarm bills as to the danger of Monsanto seeds taking over lands, what will?

12:24PM PDT on Jul 30, 2011

Now this is quite unsettling news. I thought Mr. Gates did his homework a bit better. I hope he was one of the hackers!!

10:56PM PST on Mar 6, 2011

I SUPPORT local organic farmers by shopping at the local Farmers' Market every week.

2:07PM PST on Feb 8, 2011

Nothing surprises me about Gates. Greed has no conscience.

2:20AM PST on Nov 29, 2010

Shame on the Gates for supporting an awful company like Monsanto. That horrible company isn't here to do good but gain profits at the expense of the world! BAD BAD BAD!

8:53AM PST on Nov 15, 2010

shame shame shame
our government should hold them responsible ...........!

2:53PM PST on Nov 8, 2010

The dark shadow keeps on growing, terrible news !

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Disclaimer: The views expressed above are solely those of the author and may not reflect those of
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