South America
May 3, 2005
Source:
El Cronista via
Checkbiotech
Monsanto has reached a transitory
agreement to receive the claimed royalties on the use of
transgenic soybean seeds in South America.
A meeting of agricultural
authorities from Argentina, Brazil, Paraguay and Uruguay have
agreed with Monsanto to pay a compensation for the harvested
soybean seeds, not actual royalties. The transitory agreement is
valid only for Paraguay and Brazil, countries which have not
legalized GMOs agriculture.
These countries, together with Chile and Bolivia are members of
the CAS (South Cone Agricultural Group) which is to accept
private agreements between farmers for Brazil and Paraguay and
Monsanto.
As the transgenic agriculture is regulated the compensation
would turn into a royalty, to be collected in the moment of the
seeds purchasing. |