According to the US Department of Agriculture’s Economic Research Service, the average per-acre cost of soybean and corn seed increased 325% and 259%, respectively, between 1995 and 2011. This is roughly the time period when acreage of GM corn and soy grew from less than 20% to more than 80-90%
Excerpt, The Organic & Non-GMO Report -“The introduction of genetically modified crops has corresponded with increasing monopolization of seed by biotechnology companies and higher seed costs that have led to tragedies in some countries, while pushing out conventional, non-GMO seeds, and reducing farmer seed choices. These impacts are being seen in the United States, Brazil, India, the Philippines, and South Africa, and even Europe.
According to Philip Howard, a researcher at Michigan State University, economists say that when four firms control 40% of a market, it is no longer competitive. According to AgWeb, the “big four” biotech seed companies—Monsanto, DuPont/Pioneer Hi-Bred, Syngenta, and Dow AgroSciences—own 80% of the US corn market and 70% of the soybean business.
Monsanto has become the world’s largest seed company in less than 10 years by capturing markets for corn, soybean, cotton, and vegetable seeds, according to a report by the Farmer to Farmer Campaign. In addition to selling seeds, Monsanto licenses its genetically modified traits to other seed companies. As a result, more than 80% of US corn and more than 90% of soybeans planted each year contain Monsanto’s patented GM traits.
Other factors that have led to industry domination by a few players include purchase of smaller seed companies by larger companies, weak antitrust law enforcement, and Supreme Court decisions that allowed GM crops and other plant materials to be patented, while prohibiting seed saving by farmers…” Full Article Here
- Why can’t we test GMOs for health impacts? – The end-user licence agreement prohibits such tests (thebovine.wordpress.com)
- GMO Scandal: The Long Term Effects of Genetically Modified Food on Humans (antioligarch.wordpress.com)
- Monsanto gets green light to plant genetically modified corn (insidecostarica.com)
- The Looming Future of GMO Technology: Transhumanism, Biocrops, and More (prn.fm)