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Friday, June 29, 2012

5 million Brazilian farmers sue Monsanto in huge class action

Sydney - Monsanto is hitting a lot of resistance from India, and now Brazil has entered the war against the company. Farmers accuse Monsanto of effectively taxing them illegally by demanding royalties. The issue is whether Monsanto owns rights to crops.
According to, GM seed first entered Brazil illegally from Argentina, apparently smuggled in. New figures indicate that up to 85 per cent of Brazil’s crops contain GM elements. Monsanto, under its royalty agreement, claims 2 per cent of the value of these crops. That’s a lot of money, particularly in a country like Brazil, where farmers’ earnings aren’t exactly luxurious.

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