China has been in the news several times during the past few years with respect to goods tainted with dangerous chemicals. Food, milk, toys, drywall.
I mention this because recently the stock of Monsanto (MON) has been decimated, due in no small part to the fact that their dominant Roundup herbicide franchise is feeling the effects of severe competition from generic Chinese competitors.
Let that sink in.
Generic Chinese herbicides... How can this not end badly? I've got a bad feeling about this...
Yet I haven't seen any discussion of the possible side effects of the use of generic glyphosphate (the chemical in Roundup) by farmers in America's heartland. Look - I love made-in-China when it comes to stereo systems and electronics, but generic Chinese herbicide on my crops? Not so much. Ugggh.
disclosures: no positions in MON