I’ve always wondered how much Monsanto spends on traditional breeding R&D vs. GM technology development. Insofar as their vegetable seed development it appears that they spend only 2% of their annual R&D budget on GM product pipelines – the rest is devoted to traditional breeding programs. This means that out of $181 million dollars, Monsanto spends roughly $3.6 million on GM and $177 million on conventional breeding approaches.
This really shouldn’t be surprising considering Monsanto is the biggest seed supplier in the world and much of the world is averse to GM products. If only the public perception reflected the relative activities of the company.