Farmers say that they are using seeds produced many generations after the initial crops from the genetically modified Monsanto seeds were grown. Farmers claim that Monsanto unfairly collects exorbitant profits every year worldwide on royalties from “renewal” seed harvests. Renewal crops are those that have been planted using seed from the previous year’s harvest. Monsanto disagrees, demanding royalties from any crop generation produced from its genetically-engineered seed. Because the engineered seed is patented, Monsanto not only charges an initial royalty on the sale of the crop produced, but a continuing two per cent royalty on every subsequent crop, even if the farmer is using a later generation of seed. - See more at: qwmagazine/2012/06/15/brazilian-farmers-win-2-billion-judgment-against-monsanto-2/#sthash.lKpLQmB3.dpuf
Posted on: Fri, 28 Jun 2013 21:16:35 +0000
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