5 Million Farmers Sue Monsanto for $7.7 Billion. Launching a lawsuit against the very company that is responsible for a farmer suicide every 30 minutes , 5 million farmers are now suing Monsanto for as much as 6.2 billion euros (around 7.7 billion US dollars).
The reason? As with many other cases, such as the ones that led certain farming regions to be known as the ‘suicide belt’, Monsanto has been reportedly taxing the farmers to financial shambles with ridiculous royalty charges. The farmers state that Monsanto has been unfairly gathering exorbitant profits each year on a global scale from “renewal” seed harvests, which are crops planted using seed from the previous year’s harvest.
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