People & Business :: Earnings/Finance
Monsanto offers Brazilian farmers who drop RR1 claims discount on new soybean technology
4:20 PM MDT | July 24, 2013 | Rebecca Coons
Monsanto says it is offering Brazilian farmers a 16% discount on its newly launched Intacta Roundup Ready (RR) 2 Pro soybeans if they drop patent claims alleging Monsanto improperly collected up to $150 million in royalties for its first-generation RR seeds. The original lawsuit—filed against Monsanto in September 2012 by a consortium of farming groups and Famato, the agricultural federation of Brazil's leading soybean-producing state, Mato Grasso—alleged Monsanto's intellectual property (IP) rights on RR1 expired 1 September 2010 and requested...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee