Monsanto is losing millions on failed GM cotton. The company illegally pushed a form of Bt cotton into India and Africa more than a decade ago, but farmers are now pushing back by planting their own indigenous seed.

Monsanto is accused of writing laws and then breaking them to enter the market in India, but after more than 300,000 farmer deaths between 1995 and 2013, many of them attributed to Monsanto, the company is finally paying for their misdeeds. The corporation’s greed is linked to farmer suicides throughout Maharashtra, considered the ‘Cotton Belt’ in India.

The Indian government is now actively promoting the use of indigenous seed, and has called Monsanto out for profiteering illegally on Bt cotton seed.

While Monsanto argues that its genetically modified seed is better,many studies state that their comparisons were not looking at hybridized and indigenous seed (not GM seeds) that give better crop quality and higher yields

Monsanto (doing business in India as Mahyco Monsanto Business Limited) has even threatened to pull out of India completely, calling the bluff of a government who threatened to lower their royalties; but the government was undeterred, cut their seed royalties by 74 percent, and capped seed prices.

This will bring much relief to cotton farmers in India, but with 96 percent of India’s cotton crop being developed with Monsanto’s Bt cotton, it could take generations torecapture the indigenous cropcompletely, while bankrupting the corrupt Monsanto simultaneously. As Sanjeev Kumar Balyan, India’s Junior Agricultural Minister has said of Monsanto, “The greed has to end.” (via UndergroundReporter)

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(Story adapted from Ecosnippets.com)

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