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Seeds

Argentina

Project: Genetic Engineering and the Privatization of Seeds
Open-Content project managed by Derek, mtuck

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Monsanto announces that it is temporarily halting sales of genetically modified soybean seeds because farmers are saving and replanting patented seed, making it difficult for the company to collect royalties. “We are suspending our soybean business… because it’s simply not profitable for us,” says Federico Ovejero, a spokesman for Monsanto Argentina. “We remain committed to releasing our technology in places where we can ensure a fair return on our investment.” Monsanto has been pressuring Argentina to clamp down on what it says is “seed piracy.” [Associated Press, 1/19/2004; Latin America News Digest, 1/20/2004; ETC Group, 2/26/2004] Monsanto estimates that more than half of the seeds planted during the October-November planting season appears to have been pirated. [New York Times, 1/20/2004] One Argentinean seed industry executive warns that Monsanto’s action “is the first warning sign that all new technologies will abandon us if intellectual property rights are not respected.” [Associated Press, 1/19/2004; ETC Group, 2/26/2004]

Entity Tags: Subsidiary Body on Scientific, Technical and Technological Advice

Category Tags: Argentina, Monsanto, Soybeans, Farmers' rights

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