Monsanto Buys Terminator Technology
U.S. approves take-over of seed company.
Ottawa, June 6, 2007 – On June 1, 2007 the United States Justice Department gave the green light for Monsanto’s $1.5 billion takeover of the world’s largest cotton seed company, Delta Pine Land (D&PL) — the US company that developed and patented the world’s first Terminator seed technology.
Terminator seeds are genetically engineered to be sterile after first harvest and were developed to stop farmers from saving seed.
“As the biggest seed company in the world, Monsanto stands to gain the most by incorporating Terminator technology into all its seeds, thus forcing farmers to buy new seed every year” said Lucy Sharratt, Coordinator of the Canadian Biotechnology Action Network.
Monsanto will now own Delta & Pine Land’s greenhouse tests of Terminator seeds and rights to its Canadian patent on Terminator granted on October 11 2005. D&PL has long vowed to commercialize Terminator, targeting rice, wheat and soy in particular.
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U.S. approves take-over of seed company