Monsanto Has Lost $11 Million As Indian Cotton Farmers Begin To Use Indigenous Seed

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by Jessica Murray, True Activist

After illegally pushing aformof Bt cotton into India and Africa over 10 years ago, agrochemical company Monsanto is now losing millions of dollarsdue tofarmers now planting their own indigenous seed. In the past, Monsanto has been accused of writing laws andbreaking themin order to enter the Indian market. However, the company has now begun paying heavily for their misdeeds, following more than 300,000 farmerdeathsbetween 1995 and 2013, many of which were attributed to Monsanto. Farmer suicides throughout Maharashtra, which is considered to be the ‘Cotton Belt’ in India, have also been linked to the greed of the corporation, according toreports.

The Indian government has now begun actively promoting the use of indigenous seed, whilst also publicizingMonsantoprofiteering illegally on Bt cotton seed. This year has already seen Monsanto lose nearly $75 million in royalties (5 billion rupees)…

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