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  • Essay / Monsanto Company Essay - 1956

    For example, the Cotton Growers Union, which primarily produced Indian cotton, filed for bankruptcy due to weak market conditions. Farmers' incomes have declined over time. Monsanto played a key role in dismantling this union. First, the Monsanto Company induced Indian cotton farmers to avoid Indian cotton production because it was less productive than their cotton variety. In return, the farmers decided to try this product and the yields were impressive for them. Farmers were encouraged to eliminate any stock of Indian cottonseed they had and, in exchange, purchase high-priced cottonseeds from the Monsanto company. As soon as this agreement was signed, their first farmers' union went bankrupt. Research has shown that although initial results indicate higher production, the opposite is becoming evident. In a short time, the yield of genetically modified cotton crops becomes five times lower than Indian cotton production. However, since their union collapsed, it has become difficult for these farmers to return to their initial cotton activity..