Tag Archives: Royalties

Subodh Varma – Monsanto Loses $2 Billion Judgement To Brazilian Farmers – 18 June 2012

About 85 percent of Brazil’s massive soyabean crop output is produced from genetically engineered seeds. (photo: Celsias.com)

Five million Brazilian farmers have taken on US based biotech company Monsanto through a lawsuit demanding return of about 6.2 billion euros taken as royalties from them. The farmers are claiming that the powerful company has unfairly extracted these royalties from poor farmers because they were using seeds produced from crops grown from Monsanto’s genetically engineered seeds, reports Merco Press. Continue reading