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Monsanto May Lose Billions in Brazil Over “Monsanto Tax”

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.
  • A judge ruled that the tax was illegal, especially since the patents on Roundup Ready seeds in Brazil already expired. Monsanto was ordered to stop collecting all royalties … and to return all the royalties collected since 2004 – an amount that could add up to a minimum of $2 billion!
  • Monsanto is the subject of numerous lawsuits by governments and groups of citizens for charges ranging from contamination to biopiracy.
  • Monsanto’s foray into genetic engineering is perhaps their most significant disaster of all, threatening the very future of the food supply.

By Dr. Mercola

Brazil, the second-largest producer of genetically modified (GM) crops (after the U.S.), is the latest country to take a stand against biotech giant Monsanto, which could end up handing over at least $2 billion as a result.

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