Monsanto Goes on the Attack Following Resolution by Argentina
Monsanto Goes on the Attack Following Resolution by Argentina
03:43 04.05.2016
Multinational agricultural giant Monsanto is set to fight the Argentine government, after a resolution was passed stating that grain inspections can only be approved by the Agriculture Ministry, in response to protests by agricultural lobby groups.
The controversial corporation has rejected a request by Argentina for more time to collect royalties on genetically modified soybean seeds from farmers, according to unnamed Monsanto staff members cited by Bloomberg News.
Agricultural Minister Ricardo Buryaile and members of his staff have met with Monsanto representatives, including Chief Operation Officer Brett Begemann, to request a waiver on royalties owed to the corporation.
Monsanto rejected that waiver without comment, but agreed to cut the royalties from the equivalent of fifteen dollars per hectare to some nine dollars per hectare, for growers who use Monsanto technology but who do not purchase seeds directly from the corporation.
Monsanto is claiming that Argentine farmers have benefited substantially from its proprietary Intacta brand, developed to counter insects and limit the need for additional pesticides. The corporation is demanding that farmers pay if they use Monsanto's copyrighted products.
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