Monsanto Under Investigation by Seven US States

(OrganicConsumers) – At least seven US state attorneys general are investigating whether Monsanto Company has abused its market power to lock out competitors and raise prices on seed. Iowa, Illinois, Ohio, Texas, Virginia, and two other unidentified states are in a working group to investigate the biotech giant.

The states are probing whether Monsanto violated laws by offering rebates to seed distributors for excluding rival seeds, imposing limits on combining the product with other genetic modifications, or offering cash incentives to switch farmers to more expensive generation of seed varieties.

The state investigations add to pressure on Monsanto. The US Justice Department is investigating the company’s marketing practices, and DuPont Company has accused Monsanto of anti-competitive practices in licensing litigation.

Daniel Sokol, a law professor at the University of Florida and expert on antitrust matters, told Bloomberg News that a state-level investigation on top of the federal probe “can lengthen the lawsuit and potential settlements and can increase uncertainty and costs for Monsanto.”

Source: Organic Consumers

One thought on “Monsanto Under Investigation by Seven US States

  1. I believe Monsanto had a display ride many years ago at Disneyland in Aneheim California. Back in probably the early 60s. The display ride had an eyeball at the end of the ride.

    After going on that display ride, I thought to myself, this is a very bad man company. And, guess what…I was right. I knew about these corrupt corporations as a child. I just lumped them all together and called them the bad men.

    Truly,
    Karen Marie Romero

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s