Indian farmers ploughing a farm field with oxen

Monsanto Loses Millions of Dollars After Indian Farmers Switch to Indigenous Seeds

Monsanto claims that the genetically modified cotton seeds they sell are superior. So why are so many people trying to switch?

Monsanto is losing millions of dollars now that farmers in India are switching to indigenous cotton seeds rather than Bt cotton.

March 9, 2017 | Source: Nation of Change | by Ruth Milka

Monsanto claims that the genetically modified cotton seeds they sell are superior. So why are so many people trying to switch?

Monsanto is losing millions of dollars now that farmers in India are switching to indigenous cotton seeds rather than Bt cotton.

The agrochemical company is known for pushing a form of Bt cotton in India for the last decade. They have been accused of manipulating laws in order to enter the Indian market.

Monsanto’s manipulation and greed in India has caused hundreds of thousands of Indian farmers to commit suicide. Between the years of 1995 and 2013, more than 300,000 farmer suicides occurred, many of which were linked to Monsanto. Farmers are forced to pay for Monsanto’s costly seeds, which then force them to pay for the expensive pesticides to effectively grow them, as Bt cotton’s pest resistant quality fades over time.

These farmers are losing their lands, and their livelihoods, due to the debt they incur trying to afford Monsanto’s products. Many of the farmers drink the chemical insecticides in order to commit suicide.