Monsanto is refusing to take any responsibility for the destruction of the cotton crop last year. Monsanto lost money last year because of the fall in commodity prices and the strength of the dollar but could still return $3 billion to shareholders in the form of share buyback. Domestic seed companies will face huge losses if Monsanto does not compensate farmers. Monsanto naturally denied any responsibility saying crop failures were as a " result of improper practices at farm level, absence of refuge planting(for the pest to feed on), and spread of illegal seeds." Entrepreneurs, such as Kiran Mazumdar Shaw, argue that the government should encourage research of genetically modified crops, which are the only solution to rapidly expanding numbers of poor people. That makes sense. Local production will make seeds cheaper and break the monopoly of foreign companies like Monsanto. But is it so simple? No company, including Indian ones, can function without making reasonable profits and there is no reason to believe that Indian companies are more righteous than foreign ones. They are always complaining about taxes, even though manufacturing companies get many exemptions, so that their ultimate tax liability is much lower than the service sector. It is inexplicable why not one Indian company finds it easy to manufacture refrigerators or air-conditioners while foreign companies seem to have no problems. While supporters see GM technology as the ultimate panacea for poverty among farmers, resistance to GM crops is ferocious. With some justification. They maybe GM but they cannot grow without water like Jack's beanstalk, so if the monsoon fails crops are destroyed. The seeds maybe resistant to one type of pest but mother nature may have others on offer. When farmers in Punjab planted cotton, resistant to boll worms, crops were destroyed by whitefly attack. Large families have led to divisions of farms so that most farmers have smallholdings. They cannot leave land aside for planting decoy corps for pests to feed on, as Monsanto demands. Excessive production may not be a boon because bumper crops result in falling prices, as happened last year. In any event farmers end up committing suicide. Pests are one problem. Then there is the problem of 'super weeds', resistant to Roundup, Monsanto's weedkiller. A farmer in Arkansas, in the US, described weeds " eight feet tall, they're the diameter of my wrist, and they can stop a combine (harvester) in its tracks ". BT is an abbreviation of Bacillus thuringiensis which produces 3 types of proteins, toxic to insects. While drugs have to undergo stringent tests for safety no such comparable tests have been carried out for BT corn or other food items. Drugs are prescribed for the duration of an illness but food has to be eaten for life. Therefore, we should study the effects of BT food on a group of volunteers who will eat only GM food, supplied by the companies. Maybe cancer rates are rising worldwide because of GM foods.
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