Monsanto May Have To Repay 10 Years of GM Soya Royalties In Brazil

scibri writes "Biotech giant Monsanto is one step closer to losing billions of dollars in revenues from its genetically-modified Roundup Ready soya beans, after the Brazilian Supreme Court ruled the company must repay royalties collected over the past decade. Since GM crops were legalized in 2005, Monsanto has charged Brazilian farmers royalties of 2% on their sales of Roundup Ready soya beans. The company also tests Brazilian soya beans that are sold as non-GM — if they turn out to be Roundup Ready, the company charges the farmers 3%. Farmers challenged this as an unjust tax on their business. In April a regional court ruled against Monsanto, though that ruling has been put on hold pending an appeal. The Supreme Court, meanwhile has said that whatever the final ruling is, it will apply throughout the whole country."

Comments

Re:Remove the yoke of Monsanto!

[chichilalescu]

this is not funny.

Re:Remove the yoke of Monsanto!

[Registered Coward v2]

Monsanto has a nasty habit of suing innocent farmers who have decided to continue using the "generic" seeds provided by nature. They send-round lawyers to harass the farmers, issue threatening letters, and file court cases. /p>

So the plants make the farmers Roundup Ready as well?

Re:Pros of Monsanto?

[the eric conspiracy]

GM plants that don't produce a viable seed for the sole purpose of increasing Monsanto's profits at the expense of poor farmers in Brazil, India, and a lot of other places:

REFERENCE NEEDED

And using GM patents to force all farmers in the world to buy your product

REFERENCE NEEDED