St. Louis, Missouri
March 20, 2006
Monsanto Company has
announced a plan to deter the unauthorized planting of Bollgard
cotton in Brazil. Working with cotton gins, Monsanto will
collect an indemnity for cotton that tests positive for the
Bollgard insect-resistant cotton trait, beginning with the 2006
cotton harvest. ABRAPA, the Brazilian cotton growers’
association, has agreed to support Monsanto’s indemnity
collection system.
The purpose of
the indemnity collection is to protect Monsanto’s intellectual
property and encourage Brazilian cotton farmers to purchase
certified Bollgard cottonseed. Brazil approved Bollgard
technology in 2005, but authorized Bollgard seed was not
available for sale to Brazilian cotton farmers before planting.
Some Brazilian cotton farmers planted unauthorized Bollgard
cottonseed during the current growing season.
Beginning next
season, Brazilian cotton farmers will pay a technology fee when
they buy certified Bollgard cottonseed and then can gin Bollgard
cotton without paying the indemnity. The indemnity for farmers
who do not buy seed licensed to contain Bollgard technology will
be higher than the technology fee. Payment of the indemnity is
only a deterrent and does not license farmers to use Bollgard
technology in the future.
Monsanto Company is a leading global provider of
technology-based solutions and agricultural products that
improve farm productivity and food quality. |