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Monsanto May Lose Billions in Brazil Over “Monsanto Tax”

  • July 07, 2012
    66173

Monsanto May Lose Billions in Brazil Over “Monsanto Tax”

Story at-a-glance

  • In Brazil, Monsanto has charged farmers a 2 percent royalty fee on all of their Roundup Ready sales since 2005 (after already purchasing the seeds from Monsanto), and if non-GM crops are contaminated with GM soy, the farmer is penalized close to 3 percent of his sales.

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