Yes, very quiet on this front. Sorry.
Very quickly now – news just across the radar this morning shows Monsanto reporting less income in 2015 vs. 2014 and then in the same story their plan to cut 2,600 jobs in the coming months. Agriculture is a tough business. There are ups and downs. Monsanto’s corn seed and traits business is off nearly 10% year over year (for what its worth, their soybean seed and traits business actually grew a bit… all my corn colleagues are scratching their heads about now).
So, this particular news isn’t why I thought I might pester you. The press release from Monsanto – full of buzzwords and spin (as I suppose it must be) – contains this comment:
“to transform and innovate the way the company operates resulting in a more agile and focused organization prepared to continue to lead the agriculture industry.”
[NB, this comes from an industry story covering their report – here ]
To transform and innovate… worthy goals. Agile and focused… also worthy aspirations. But – continue to lead the agriculture industry?? Off ten per cent year over year?? If they don’t mind too much, I think I’ll not follow that lead. And to the 2,600 who will be pushed to the sidewalk because of this transforming and innovative new tack the company wants to take, are they suggesting you weren’t agile and focused enough? Well, agriculture is a tough business.