NEWS
Monsanto, Brazil Farms Ink Royalty Pact
Alastair Stewart South America Correspondent
Wed Jan 23, 2013 05:09 PM CST

SAO PAULO, Brazil (DTN) -- Biotech giant Monsanto and Brazilian farm groups Wednesday announced an agreement that ends a dispute over royalties on first-generation Roundup Ready soybeans (RR1) and establishes rules for the introduction of second-generation Intacta RR2 Pro soybean seeds.

But groups in Mato Grosso, Brazil's No. 1 soy state, refused to sign and vowed to continue to fight the St. Louis-based company in the courts.

Brazil's National Agriculture Confederation (CNA) and farm groups from 10 states, representing 70% of soybean output, accepted Monsanto's proposal, under which the company suspends royalties on RR1 beans for this season and next. ...

Quick View
  • Stay on Top of SDS The distinctive yellow patches of sudden death syndrome (SDS) are surfacing in soybean fields acr...
  • Cattle Market There may be a little less bull in this fall's calf market, but the fundamentals still spell oppo...
  • Precision Ag Potential Pending Precision agriculture proponents insist the industry can revolutionize agriculture, but first mor...
  • Cash Rent Reset - 2 Iowa farmland owners Fred and Lodean Cook may consider flexible cash leases for the first time th...
  • Iowa Land Gets a Bounce Key Midwest land values are stuck in neutral or sliding below 2014 levels, recently released opin...
  • Canadian Dairy Conundrum Coping with Canada's dairy industry import tariffs and supply controls remains one of the stickin...
  • Senior Partners - 5 This fatherly financial advice is meant to prevent heartaches should the farm economy suffer anot...
  • Ask the Taxman by Andy Biebl CPA Andy Biebl answers readers' questions on depreciation recapture, defining a "true" lease and ...
  • Ask the Vet Does my calf have a hernia and is it repairable?
Related News Stories
Crop Tech Corner
Crop Tech Corner
Crop Tech Corner
Brazil Intacta Royalty Controversy
Grain Shipper Files for Bankruptcy
Biotech Bill Clears Hurdle
Biotech Labeling Bill on Deck
Crop Tech Corner
USDA's Role in Biotech Labels
New Weed-Control Traits Planted