The American agricultural giant, which has bet its future on crops genetically engineered to resist pests and herbicides, is suffering a major setback in the world’s second most populous land.
Farmers resent the company in part because they are no longer able to save seeds at the end of the harvest to plant the following year, but instead must honor the company’s patents and buy new every year, inflicting yet more economic hardship on hard-pressed smallholders.
But the main reason India’s farmers no longer buy the proprietary seeds is that they simply don’t work as promised.
From New Europe:
India is dumping Monsanto’s genetically modified Bt cotton in favor of “desi”, an indigenous variety, which comes at half the cost and farmers are allowed to save seed to plant next year.
Sales of the seed are down by 15% year on year, worth $75 million according to Reuters.
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