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Monsanto in the sights of Anti-Trust Legislation

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Freethinker
User ID: 789574
10/8/2009 7:59 PM

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Monsanto in the sights of Anti-Trust Legislation

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Monsanto is a focus of Justice Department antitrust investigation of US seed industry

* By Christopher Leonard, AP Agribusiness Writer
* On 7:50 pm EDT, Thursday October 8, 2009

ST. LOUIS (AP) -- The Justice Department is investigating whether Monsanto Co. violated antitrust rules in trying to expand its dominance of the market for genetically engineered crops.

and it does no harm to the beauty of the sunset to understand the mysteries of the sun

Freethinker
User ID: 789574
10/8/2009 8:00 PM

Re: Monsanto in the sights of Anti-Trust Legislation

Quote

Monsanto has provided interviews and documents to the Justice Department, company spokesman Lee Quarles said. He said the department has questioned Monsanto about its marketing tactics in the biotech seed industry, which have become a target of criticism.

Quarles said Monsanto has done nothing illegal and is cooperating with the department.

"We definitely stand behind our business," he said.

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.

and it does no harm to the beauty of the sunset to understand the mysteries of the sun

Freethinker
User ID: 789574
10/8/2009 8:00 PM

Re: Monsanto in the sights of Anti-Trust Legislation

Quote

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.

A department spokeswoman declined to confirm or deny the investigation. But the department has interviewed two of Monsanto's biggest rivals, Delaware-based DuPont and Swiss biotech firm Syngenta AG, about Monsanto's business practices. Both companies said they are cooperating with the probe.

At least two states, Iowa and Texas, are conducting their own antitrust investigations of Monsanto. Iowa Attorney General Tom Miller is investigating Monsanto's marketing practices, said Eric Tabor, Miller's chief of staff. Tabor declined to comment further.

And Texas is conducting its own inquiry, according to two people with direct knowledge of the investigation.

Quarles said Monsanto is cooperating with both states.

Syngenta and DuPont have sued Monsanto over the licensing agreements, alleging they violate U.S. antitrust law. Syngenta filed its lawsuit in 2004 and settled the case last year. DuPont filed suit last summer; the case is pending in federal court in St. Louis.

DuPont spokesman Dan Turner and Syngenta spokesman Paul Minehart declined to comment beyond saying the companies are cooperating with the Justice Department investigation.

and it does no harm to the beauty of the sunset to understand the mysteries of the sun

Freethinker
User ID: 789574
10/8/2009 8:04 PM

Re: Monsanto in the sights of Anti-Trust Legislation	Quote
tear em apart. if anyone knows of a more corrupt operation, I'd like to know of it. and it does no harm to the beauty of the sunset to understand the mysteries of the sun

Freethinker
User ID: 789574
10/8/2009 8:32 PM

Re: Monsanto in the sights of Anti-Trust Legislation	Quote
Anti trust legislation hasn't been used much lately for banks...lol and it does no harm to the beauty of the sunset to understand the mysteries of the sun

Anonymous Coward
User ID: 768396
10/8/2009 8:37 PM

Re: Monsanto in the sights of Anti-Trust Legislation	Quote
Ever since Reagan, there has been no such thing as monopoly in the US according to the "government".

Freethinker
User ID: 789574
10/8/2009 8:42 PM

Re: Monsanto in the sights of Anti-Trust Legislation	Quote
Ever since Reagan, there has been no such thing as monopoly in the US according to the "government". Quoting: Anonymous Coward 768396 How can you fight global corporations when you can't even take on national ones? and it does no harm to the beauty of the sunset to understand the mysteries of the sun

Anonymous Coward
User ID: 767699
10/8/2009 9:11 PM

Re: Monsanto in the sights of Anti-Trust Legislation	Quote
ST. LOUIS (AP) -- The Justice Department is investigating whether Monsanto Co. violated antitrust rules in trying to expand its dominance of the market for genetically engineered crops. Quoting: Freethinker They did

Anonymous Coward
User ID: 781169
10/8/2009 9:14 PM

Re: Monsanto in the sights of Anti-Trust Legislation	Quote
I found a link to the audio of their one of their board meetings last year,and it was so blatant. A basic, how can we control the seed market in country a, b, c, .... ad infinitum. Whle it is a sensational headline, cmon, I mean, how many farmers from India to North America and everything in between, have been complaining for years about their corporate bullying.

Freethinker
User ID: 789574
10/8/2009 9:49 PM

Re: Monsanto in the sights of Anti-Trust Legislation

Quote

I found a link to the audio of their one of their board meetings last year,and it was so blatant. A basic, how can we control the seed market in country a, b, c, .... ad infinitum.
Whle it is a sensational headline, cmon, I mean, how many farmers from India to North America and everything in between, have been complaining for years about their corporate bullying.

Quoting: Anonymous Coward 781169

good point.

maybe something will be done. Food is big business.

Last Edited by Freethinker on 10/8/2009 at 9:49 PM

and it does no harm to the beauty of the sunset to understand the mysteries of the sun

Texas Uncensored Subscriber

User ID: 683062
10/9/2009 1:41 AM

Re: Monsanto in the sights of Anti-Trust Legislation	Quote
It's a good start. It should include investigating the bullying and lies to ruin farmers. From there, they can take it to poisoning the food supply. ** PEACE ** MY GLP VIDEO CHANNEL * [link to video.godlikeproductions.com] UFO's @ [link to www.youtube.com] [link to www.picasaweb.google.com] [link to www.futurequake.bravehost.com] [link to www.futurequake.blogspot.com]

Anonymous Coward
User ID: 768208
10/9/2009 1:43 AM

Re: Monsanto in the sights of Anti-Trust Legislation

Quote

Quoting: Freethinker

Monsanto...the most evil company I have ever heard or read about.

Freethinker
User ID: 789574
10/9/2009 9:02 AM

Re: Monsanto in the sights of Anti-Trust Legislation	Quote
and it does no harm to the beauty of the sunset to understand the mysteries of the sun

Justmebeingme Subscriber

User ID: 788545
10/9/2009 9:04 AM

Re: Monsanto in the sights of Anti-Trust Legislation	Quote
.... Brilliant... Monsanto are evil B*****ds and bullies.... Last Edited by Justmebeingme on 10/9/2009 at 9:05 AM To the world you may be one person, but to one person you may be the world.

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