Is Monsanto A Monopoly In The Market

870 Words2 Pages
bulb-icon

Recommended: Positive impact of genetic engineering in agricultural sector

6.2. Non – transparency
Independent researchers were not given access/ permission to test the GM crops /animals by the patented companies. Therefore there has been not been sufficient animal health testing, human health testing or environmental impact testing done on the impact of GMO’s. Many GM Companies like Monsanto do not provide any guarantee to their products like Intel or Microsoft would provide for their products. They even do not want to label their products.
6.3. Inequality
The Bio-technology market is a very rich and powerful market in the world. This market is mostly controlled only by very few giants such as Monsanto, Du Pont, Syngenta, Bayer etc. Leaving agricultural system, a system vital for a country’s survival in private hands, that to in the hands of few corporations is very dangerous to any country.

Above figure shows Monsanto is a monopoly in the Market. It is one of the fortune-500 companies whose annual turnover is greater than GDP of some small companies. Such is its power in lobbying governments of various countries. Also all these giants were once chemical companies who then bought seed companies to market their seeds. They either buy away their opponents or make their existence economically unfeasible due to their minuteness.
Case of farmers:
As the GM seeds are controlled by the monopolized companies and not the public sector the prices of seeds are quite high and uncontrolled. This lead to the suicides of poor farmers in case of crop failure or if the yield is poor or if the market price is low. This was especially in the case of Bt cotton farmers in states of Andhra Pradesh and Maharashtra in the late 1990’s.
Patents do not allow farmers to reuse part of the produce for resowing in the next season. T...

... middle of paper ...

...ment and Forests are responsible for the safety of GMO’s in India. Authorities involved in the approval process are Review Committee on Genetic Manipulation (RCGM), Genetic Engineering Appraisal Committee (GEAC) and Central Drugs Standard Control Organization (CDSCO).
7.1. Approval process
RCGM authorizes import/export for research and development purposes. It is then responsible for issuing approval till the pre-clinical study period. CDSCO is responsible for approving clinical trials, then permission for manufacturing, import/export and then issuing licenses for marketing. GEAC which comes under MoEF is responsible for approval of large scale use of GMOs. State FDA’s then issue licenses for the marketing of these products in their respective states.
Guidelines that are followed include ‘Standard operating procedures for confined field trials 2008’, ‘Guidelines and

Show More
Related

  • Monsanto Ethics Essay

    812 Words  | 2 Pages

    Monsanto employs over 20,000 employees dispersed throughout their facilities within 69 countries. John F. Queeny, founder of Monsanto, started the company in 1901, which at first manufactured saccharine. Later, John son Edward directed the companies into the agriculture industry. The company is best known producing Round up, an herbicide, and for developing genetically modified (GM) through biotechnology. “Monsanto developed G.M. seeds that would resist its own herbicide, Roundup, offering farmers a convenient way to spray fields with weed killer without affecting crops” (Barlett, D. L. & Steele, J. B, 2008). Since the start up the company has encounter several lawsuits, patent issues and critics. The company also faces many concerns about the

    Read More

  • Research Paper On Monsanto

    1528 Words  | 4 Pages

    Monsanto is the world 's leader on bio-technology and was found in St. Louis Missouri. Monsanto was not known as an agriculture company at first as it is now rather a chemical company of the 20th century. They are also responsible for growing 90 percent of the world 's GMO’s. On Monsanto’s website it states their goal is to help farmers around the world to produce healthier foods, conserving more, and better animal feeds while reducing impact on our environment. Monsanto 's GMO has been effecting our environment for years but have not yet brought to justice according to this video. The question is why? According to this documentary Monsanto created many hazardous chemicals for example PCBs, Agent Orange and recombinant

    Read More

  • The Movie Food Inc.

    572 Words  | 2 Pages

    This is an unreasonable decision because the harms are inadequate which could mean there could be much harm like toxicity and allergic reactions which means that GMO is not safe and should not be in the market till all the advantages and disadvantages are figured out.

    Read More

  • Monsanto Company Essay

    1956 Words  | 4 Pages

    In conclusion, it is emergent that Monsanto Company has been on the headlines for the wrong reasons. However, the country’s over-reliance in its products for food makes it hard for regulators and lawmakers to impute stringent regulatory measures. The company has been amassing power by acquiring competitors’ clients and threatening the existence of other market players. Financial analysis indicates that the company is money oriented and all its undertakings are to ensure that it has a consistent growth despite legal challenges.

    Read More

  • The Impact Of Monsanto

    1091 Words  | 3 Pages

    Everyone has likely already heard the name Monsanto, the largest seed distributor in the world. Nearly fifty percent of all seeds in the world are owned by only three corporations. These companies account for trillions in fertilizer, pesticide, seed patents and herbicide sales annually. These companies have been building a seed empire within the food industry for over thirty years now and they have plans to patent every seed with biotechnology. Thoreau wrote in his book, “The condition of the operatives is becoming every day more like that of the English; and it cannot be wondered at, since, as far as I have heard or observed, the principal object is, not that mankind may be well and honestly clad, but, unquestionably, that the corporations

    Read More

  • Food Inc.: Genetic Modification

    1023 Words  | 3 Pages

    I know, I know. What kind of company would even think to use unethical and borderline illegal methods to rise in power and wealth? Unheard of, I say! Yet, The World Trade Organisation’s Trade Related Intellectual Property Rights Agreement in a number of articles (27.2 and onwards) openly expresses the right to terminate or deny the placement of a patent if the invention is to protect human life and health, because their exploitation is prohibited by law. Furthermore, the patent is excluded if it involves the modification of a biological process, or alters the life and processes of plants used as crops. Considering that a seed is not an invention, and Monsanto did not invent a seed: they merely modified and “improved” it for our benefit, their attempts to sue and bankrupt farmers should only be, at most, semi-legitimate. But, they have money and political influence, and what do farmers have? Crippling contracts and a life sentenced to slavery for Monsanto on minimum wage. However, as earlier stated, Monsanto is looking out for our health and well-being. Their product, the soybean, is one of the few legumes that contain all essential amino acids for the healthy function of human beings. Because they are so essential to human health, a claim to patent the crop should

    Read More

  • Business Ethics Case Study: Monsanto Attempts To Balance Stakeholders

    437 Words  | 1 Pages

    GM seeds are considered revolution in the agriculture industry for some reasons. First and foremost, GM seeds can grow crops regardless of hostile conditions, which help farmers increase revenues. Besides, as a result of population growth across the global, the demand for food continuously increases. Biotech products provided by the Monsanto Company will be the best solution for this phenomenon. Especially in populous countries like India, biotech crops allow farmers both save lands and double their harvest.

    Read More

  • Argumentative Essay: The Value Of Genetically Modified Organisms

    1926 Words  | 4 Pages

    According to Galyna Sidyelyeva, “research has provided insight into the issue of the nutritional value of GM crops. For example, the Venneria group tested genetically modified wheat, corn, and tomatoes. They found wheat and corn are similar to their non-GM counterparts and tomatoes differ only in their antioxidant content, having a lower amount than their unmodified relatives” (50). With this in mind there are many people in the world today that may find value from GM crops; for example, in countries where people are starving. While the crops may not be identical to its non-GM counterparts, these countries will still profit from them. In “A dubious success: The NGO campaign against GMOs,” Robert Paarlberg asserts, “Unfortunately, in the case of NGO [non-GMO] campaigns against GMO crops, they typically emerge from rich countries while imposing consequences on poor countries” (228). As one can see, these rich countries may have succeeded in not allowing some GMOs in but to date in America they still are not labeled; so, they are only hurting the poor countries by trying to make a controversy over labeling that is

    Read More

  • Problems of the Food System

    2097 Words  | 5 Pages

    Print. The. Monsanto uses patent law to control most of the U.S. corn, soy seed market. " Cleveland National News - "The 'Clean'" N.p., n.d. Web.

    Read More

  • Genetically Modified Organisms are Safe

    1945 Words  | 4 Pages

    This has created a large amount of debate on local, national, and international levels about the safety of genetically modified foods to human health. There are many angles that have been taken from different groups on this issue. Some believe it is harmful to our health, with one source stating that, “mice eating GMO corn had fewer and smaller babies (Jagelio 2013).” Without testing on humans how are we to know these harmful effects aren’t impacting our health and reproduction. Other groups see GMOs as being both beneficial and having no impact on human health.

    Read More

  • Seed Of Death Film Analysis

    778 Words  | 2 Pages

    Seeds of Death was created by Gary Null and Richard Polonetsky in 2012. The film goes in depth about Genetically Modified Organisms and its effects on the environment. The film mainly talks about Monsanto, which produces majority of the GMOs in the United States. Monsanto is chemical company that produce herbicides, insecticides, and GMOs. In addition, the film also talks about how GMOs are produce and what’s the reason for GMOs. This film dismantles the myths about GMOs and expose it for what it really is. Seeds of Death reveals to the public that GMOs are not only destroy our health, but also destroy the environment.

    Read More

  • Seed Patents Are Unethical

    490 Words  | 1 Pages

    One of the biggest seed monopolies in the United States is Monsanto. Control of the seed industry is passing into fewer and fewer hands and Monsanto’s are the biggest. More than 80% of US corn and more than 90% of soybeans planted each year are attributable to Monsanto and monopoly comes to mind (gmeducation.org). Monopolization of the seed supply has led to major problems for farmers.

    Read More

  • Monsanto Stakeholders Essay

    924 Words  | 2 Pages

    Monsanto sells seeds for four major crops: corn, cotton, soybeans, and canola. Their statistics for 2012 are amazing. Monsanto had 76.1 million acres of soybean, 94.6 million acres of corn, and 1.77 million acres of canola (Hango, 2015). One major conflict for farmers is their right to keep the seeds from the plant and replant them the next year. This is a planting technique that farmers have used for years.

    Read More

  • Pros and Cons of Genetically Modified Foods

    1288 Words  | 3 Pages

    ...ence of GM crops is that genetic modifications can develop proteins in plants which a consumer could be allergic to. For example, one of the most common allergies is with the peanut. What would happen if peanut proteins interlace into tomato seeds? Then people with peanut allergies would not be able to eat genetically modified tomatoes. There are many reasons to stop the production of GM food. It can produce serious long-term nature accidents, but there is no way to know much about it until is too late (“GM Food” 2).

    Read More

  • Monsanto's Social Responsibility

    486 Words  | 1 Pages

    For Monsanto, the company’s moral obligation is to produce their product without hurting the environment, the seller, and the consumer. For Monsanto to be successful with this, they have to be careful with what they use to create their seeds. Also, they would have to stop hiding things from the government and the company’s consumers. For example, Monsanto was caught covering polluted waste for many years (Ferrell & Hartline, 2014). This pollution was found in rivers along with a toxic chemical.

    Read More

More about Is Monsanto A Monopoly In The Market

Open Document