The world’s biggest seed specialist Monsanto has been named the Company of the Year for 2009 by Forbes Magazine.
The magazine praised the company, which has been at the heart of the row over GM products, for its economic success and innovative new products.
In an article entitled The Planet Versus Monsanto the publication described the firm as an “economic winner”.
Forbes said: "[Monsanto] has created many billions of dollars of value for the world with seeds genetically engineered to ward off insects or make a crop immune to herbicides: Witness the vast numbers of farmers who prefer its seeds to competing products, and the resulting $44 billion market value of the company."
Hugh Grant, Monsanto’s president, chairman and chief executive, said: "Farmers vote one spring at a time. You get invited back if you do a good job.”
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