29 Jun '12, 5pm

Monsanto Faces $7.5 Billion Payout to Brazilian Farmers

For related articles and more information, please visit OCA's Genetic Engineering page and our Millions Against Monsanto page . Monsanto, the largest seed corporation in the world, may have to pay as much as $7.5 billion to five million Brazilian soy farmers. The company has long dealt out severe legal sanctions against farmers it suspects of "pirating" its seed. But now the farmers have turned the tables on Monsanto, by suing the company and winning. Genetically modified (GM) soy production in Brazil began illegally in 1998 with seeds smuggled in from Argentina. Farmers favored the engineered product because it was resistant to Roundup herbicide (another Monsanto product) making it easier to plant. In 2005 Brazilian president Luiz Inacio "Lula" Da Silva, realizing that many farmers had switched over, legalized Roundup Ready soy despite the misgivings of environmental acti...

Full article: http://www.organicconsumers.org/articles/article_25748.cfm

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