Their portfolio includes agricultural seeds and genomics and crop protection chemicals. The seeds segment includes seeds which are herbicide- or insect-tolerant. The company delivers either genetically modified crops (GM crops), or in countries where the modification of plants is not adopted, Monsanto sells conventional, non-GM plants. Monsanto also developed Roundup, which is a widely used glyphosate-based herbicide.
In comparison to other globally operating agribusiness firms, Monsanto came first based on generated seed and pesticide sales in 2016. Based on their fiscal year 2017, Monsanto recorded net sales of about 14.6 billion U.S. dollars. In conjunction with Bayer, Monsanto had the largest market share in the global herbicides industry as of 2016, with a 34 percent share of the herbicide market worldwide.
In September 2016, Bayer finalized a deal worth 66 billion U.S. dollars to take over Monsanto. At that point in time, it was the largest all-cash company buyout in history, with a value six billion dollars higher than the previous world record. Bayer and Monsanto will become one of the largest agriculture conglomerates in the world once the acquisition is complete.