US farm with 93,000 hectares for sale: 10,000 cattle on 2 islands.
10,000 cattle, deer, bison, and a slaughterhouse in the middle of nowhere. One of the largest slaughterhouses in Alaska is located on the storm-battered Umnak Island.
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The chemical company must deal with the huge wave of lawsuits over glyphosate. Will Monsanto file for bankruptcy?
In the US, the chemical company is facing a huge wave of lawsuits over glyphosate. Will Monsanto file for bankruptcy?
According to media reports, the lawsuits related to the glyphosate herbicide Roundup may soon be settled. Bayer is reportedly considering filing for Monsanto's bankruptcy. This could potentially be a major breakthrough for the company. Interesting: Bayer is restructuring its agribusiness: a site with herbicides is closing completely
According to the Wall Street Journal, citing insiders, the company is apparently considering filing for Monsanto's bankruptcy if a settlement with claimants for damages fails. Monsanto developed glyphosate and was acquired by Bayer for around $63 billion in 2018. According to the newspaper report, Bayer plans to settle some of the mass lawsuits against Roundup in a court in Missouri, where most of the lawsuits are pending. If Bayer were to file for Monsanto's bankruptcy, the bankruptcy petition would reportedly stop the lawsuits against Monsanto. This would be a significant relief to settle the liability for Roundup or glyphosate before the bankruptcy court, as reported by money.usnews.com citing Thomson Reuters.
The chemical company has already paid around $10 billion to settle controversial claims that the glyphosate-based Roundup causes cancer. Approximately 67,000 more cases are pending for which the company has set aside $5.9 billion. As of January 31, 2025, Bayer has reportedly settled around 114,000 of the approximately 181,000 current lawsuits through settlements or they did not meet the requirements. The company claims to have won most of the lawsuits and is confident in its strategy.
Last month, Bayer filed a petition with the US Supreme Court to limit the lawsuits and avoid potential billion-dollar damages. A decision could be made next month. According to Bayer, a positive ruling from the highest US court could largely end the legal disputes. The legal question in many appellate cases is whether claims based on alleged lack of warnings on the product, based on the law of individual US states, are precluded by federal law. Bayer believes that these claims are not valid. According to the US Environmental Protection Agency, Roundup is not carcinogenic, and the agency had approved the product without warning.
Since the glyphosate verdicts, Bayer has suffered several setbacks. The company is also under pressure from investors to sell business units. In Germany, the company is streamlining its agribusiness. A complete glyphosate exit is also being considered. Moreover, US Health Minister Robert F. Kennedy, 71, is reportedly linking chronic diseases and glyphosate in a yet unpublished report on "Make America Healthy Again", causing Bayer's stock to plummet. Kennedy is said to have personally participated in a lawsuit where Monsanto was once fined $289 million. According to the company's business figures for the first quarter of 2025, operating profit (EBITDA) fell by 7.4 percent to EUR 4.09 billion, slightly less than expected.
With material from the Wall Street Journal, Bayer, moneyusnews
10,000 cattle, deer, bison, and a slaughterhouse in the middle of nowhere. One of the largest slaughterhouses in Alaska is located on the storm-battered Umnak Island.
0,000 cattle, deer, bison, and a slaughterhouse in the middle of nowhere. One of the largest slaughterhouses in Alaska is located on the storm-battered Umnak Island.
The agricultural machinery group SDF had to make significant cuts in sales in the fiscal year 2024. Revenues fell by 19% and profits by 42%.