Smallholder farmers in central and southern India who planted genetically modified (GM) cotton achieve larger yields, greater profits and a higher living standard than those who grow conventional cotton, finds a study published today in the Proceedings of the National Academy of the Sciences.
American agrochemical giant Monsanto has threatened to pull out of India and hold back new genetically modified cotton technologies if the government continues its “arbitrary and potentially destructive” interventions that seek to cut the company’s royalty fees.
Monsanto Co (MON.N) has withdrawn an application seeking approval for its next generation of genetically modified cotton seeds in India, a major escalation in a long-running dispute between New Delhi and the world's biggest seed maker.
INDIA TO MONSANTO: Get with the Program or Get Lost. India said that U.S. agricultural biotechnology corporation Monsanto is free to leave the Indian market and lose its 90% dominance if it does not want to accept the government-imposed price and royalty cuts for its genetically modified cotton seeds.
A special guest post from Institute for Responsible Technology founder Jeffrey Smith Editors note: The vast majority of corn, soybeans, canola, cotton, and sugar beets grown in the U.S. are genetically modified (GMOs). Monsanto and its allies claim that GMO crops reduce pesticide use, increase yield…