News and comment on genetically modified foods and their associated pesticides
Who's milking the food crisis?
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The World Bank attributes 75% of global food price inflation to "biofuels".
Monsanto has been at the heart of the "biofuels" lobby, particularly the lobby for corn ethanol.
The price of Monsanto's GM triple-stack corn increased by around 35% in 2009.
The average price for soybean seed, the largest GM crop in the US, has risen by more than 50% in just two years.
Retail prices for Monsanto's Roundup herbicide increased from just $32 per gallon in December 2006 to $75 per gallon by June 2008 – a 134% price hike in less than two years.
"If and when the ethanol boom subsides, Monsanto will not lower its prices, farmers will be forced into bankruptcy, and the lack of an effective remedy for antitrust in crop seed will be a substantial cause." – Keith Mudd, Organization for Competitive Markets
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