Big agribusiness companies claim their genetically modified seeds offer effective solutions to feeding the planet. But there’s growing concern over such technological trade-offs. The situation is especially desperate in India, where an epidemic of farmer suicides has claimed over a quarter-million lives in the last 17 years.
Agribusiness conglomerate Archer Daniels Midland says its fiscal fourth-quarter earnings fell 15 percent as a higher tax rate offset surging revenue. The Decatur, Ill., company said Tuesday it earned $381 million, or 58 cents per share.