Originally posted on MisBehaved Woman:

Monsanto Co. will waive two years of payment on Roundup Ready soybeans for Brazilian farmers who agree to waive legal claims against the seed company in an effort to resolve a patent dispute, the company announced today.

The new policy, which company officials said has the backing of a Brazilian farmers’ organization, seeks to end a conflict between farmers, who claim the patent on Roundup Ready soybeans ended in 2010, and Monsanto officials, who say the patent extends to 2014.

Participating farmers will be released from payment of technology royalty fees for first-generation Roundup Ready soybeans for the next two years in exchange for waiving legal claims for payments made during the last two years. Farmers who do not participate will still pay royalties to cover the first-generation Roundup Ready soybeans.”

Full Story on St. Louis Biz Talk


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