
Agtech - So What? · 2026-05-27 · 47 min
Monsanto is one of the most influential and controversial companies in the history of global agriculture. But beyond the headlines, what can its evolution teach us about how value is created and captured in ag? As agriculture enters a new era shaped by technological advances, climate pressures, and macroeconomic uncertainty, understanding where power sits in the system and how it shifts has never been more important. Monsanto’s story offers insight into how control points are built, defended, and transformed over time. In this episode, Sarah Nolet is joined by Tenacious Ventures co-founder Matthew Pryor and the creator of Upstream Ag Insights , Shane Thomas, to break down the business model evolution of Monsanto. Together, they trace Monsanto’s journey from a chemical manufacturing company built on waste stream transformation, through the rise of glyphosate and innovation in crop protection, to its defining move into seeds and traits. They dig into how Monsanto layered in strategies around licensing, branding, regulation, and distribution to build one of the most powerful positions in modern agriculture.