Monsanto Muscles Out Competition in Seed Business

Tuesday, December 15, 2009
(graphic: Greenpeace)

With a near monopoly over the biotech gene market covering soybeans and corn, Monsanto has been able to dictate the terms of business for rivals who use the agribusiness’s genetically modified seeds. After obtaining confidential contracts, the Associated Press found that Monsanto—whose patented genes are found in 95% of all soybeans and 80% of all corn grown in the U.S.—is “squeezing competitors, controlling smaller seed companies and protecting its dominance over the multibillion-dollar market for genetically altered crops.” For instance, the company bans other businesses from using Monsanto seeds and those produced by rivals unless the buyer gets Monsanto’s permission. As the agricultural biotech giant solidifies its control over the GMO market, foods prices could rise if the company chooses to raise the prices of its seeds.

 

Comments

John Farmer 9 years ago
So this website you cant post your opinion a "moderator" has to approve of the comments you leave, geez talk about swinging the audience in your favor!
John Farmer 9 years ago
This is not any different than Microsoft paying for their windows xp and many other versions you have to pay the manufacturer that invented the technology. Microsoft would frown upon off of pirated software, or is this any different than the music industry musicians should be paid according to their record sales, not off of pirated music. Think about it!!
JJdoublej 9 years ago
Hey Noel, read the real facts and thsn lets discuss. Here is Monsanto's response: http://bit.ly/88ep9U

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