Monsanto a Focus of US Antitrust Investigation

Posted by Trish Riley, November 5, 2009

Here’s welcome news sent from Ed Brown: The Dept. of Justice is calling Monsanto to the stand to discuss the Behemoth Ag’s attempted monopoly on seeds – a clear ploy to control the world’s food… Ed’s insightful observation: “It will be interesting to see how this plays out.  Obama hired two senior executives from Monsanto to run our food safety programs at the USDA and the FDA.   Now they are investigating Monsanto?”

At issue is how the world’s largest seed company sells and licenses its patented genes. Monsanto has licensing agreements with seed companies that let those companies insert Monsanto genes into about 96 percent of U.S. soybean crops and 80 percent of all corn crops.

Monsanto’s rivals allege that the company uses the licensing agreements to squeeze competitors and control smaller seed companies — an allegation Monsanto denies.

The inquiry into St. Louis-based Monsanto is part of a previously announced Justice Department investigation of consolidation in the seed industry.

via Monsanto a Focus of US Antitrust Investigation – ABC News.

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