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). More...