Home > Environment > Monsanto to pay $7.5 billion settlement to millions of Brazilian soy farmers

Monsanto to pay $7.5 billion settlement to millions of Brazilian soy farmers

Thursday, July 12, 2012 by: Jonathan Benson

NaturalNews) For at least a decade, Monsanto, the world’s most evil corporation, has been illegally charging Brazilian farmers growing the company’s genetically-modified (GM) crops a two percent tax on production, and a three percent tax for cross-contamination of seed. And according to CorpWatch, the agri-giant could soon have to fork over $7.5 billion in reimbursements to more than five million Brazilian farmers as a result of these blatant crimes.

Oddly enough, Monsanto’s very presence in Brazil was predicated on fraud, as its GM soy seeds were first smuggled into the country illegally back in 1998. Fast forward about 13 years and nearly 75 million acres of arable land in Brazil is now occupied by Monsanto’s GM crops, the vast majority of which constitute Roundup Ready soy.

But the entire Monsanto growing system for GMOs, which prohibits farmers from saving seeds and reusing them the following year — and in this case, requires farmers to pay private taxes directly to Monsanto — is entire against the law in Brazil. Even though former Brazilian President Luiz Inacio “Lula” Da Silva basically grandfathered-in legalization for Monsanto’s GM crops back in 2005 because they were already being widely grown in the country illegally, Monsanto is still breaking the law by levying taxes against farmers and requiring them to pay royalties.

Learn more: http://www.naturalnews.com/036451_Monsanto_Brazil_soy_farmers.html#ixzz20ObIEO4p

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