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Title: Monsanto

Essay Details:

Subject: Business
Author: Roscoe T
Date: April 7, 2016
Level: University
Grade: A
Length: 2 / 582

Essay text:

Farmers found considerable cost advantages with using ‘Roundup’ soybeans that were smuggled across the border from neighboring Argentina. Roundup is a broad-spectrum herbicide sprayed on fields before or after harvest to kill weeds which Monsanto introduced in 1974. As a result, Monsanto devised an innovative program for the 2003-2004 harvest which used a point-of-delivery (POD) system. In this system, growers paid a post-harvest fee for those soybeans grown from seeds for which royalties had not been paid. Although there were initial concerns by farmers and grain companies, the system worked smoothly, with over 97% of farmers “self-declaring” their use of Roundup soybeans...

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