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Related: About this forumMonsanto to waive some GMO soy royalties in Paraguay-farmers
Monsanto to waive some GMO soy royalties in Paraguay-farmers
ASUNCION, March 27 | Wed Mar 27, 2013 8:30pm EDT
(Reuters) - Monsanto Co has agreed to waive the collection of royalties for the use of technology for RoundUp Ready soybeans in Paraguay starting next year, the South American country's main farm groups said on Wednesday.
Monsanto representatives were not immediately available to comment on the deal, which would end a months-long spat between the company and growers in the world's No. 4 soybean exporter.
"We managed to agree on a process that allows Paraguayan growers an orderly transition from the use of Roundup Ready RR1 soybean technology to new RR2 technology," said a statement from the Farmers' Trade Union signed by four other industry groups.
The biotech company charges farmers $4 per tonne of soybeans produced using the Roundup Ready strain, which is resistant to glyphosate-based herbicides and is present in about 95 percent of the beans produced in the South American country.
More:
http://www.reuters.com/article/2013/03/28/paraguay-monsanto-idUSL2N0CK00B20130328?rpc=401
NYC_SKP
(68,644 posts)Poor farmers...
KT2000
(20,544 posts)Monsanto in control of our food supply is their ultimate dream.
With the help of our politicians - they will achieve that goal.
Peace Patriot
(24,010 posts)Paraguayan landowners and Monsanto.
bemildred
(90,061 posts)sabrina 1
(62,325 posts)Monsanto in charge of the world's food supply. What could go wrong?