Monsanto Said to Seal Deal With Argentina Over GMO Soybean Tests
- Seed producer gives government control over testing of cargoes
- Company has struggled to collect royalty payments from farmers
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Monsanto Co. agreed to allow Argentina to help collect soybean royalty payments, according to two people with knowledge of the situation, a deal that may hasten the end of a lengthy dispute between the U.S. seed company and farmers in one of the world’s biggest agricultural exporters.
St. Louis-based Monsanto also agreed to give the government full control of the testing of soybean cargoes, according to the people, who asked not be identified because the accord hasn’t yet been signed. The Argentine Seed Institute, also known by its Spanish acronym Inase, will oversee the detection of crops grown illicitly from Monsanto’s Intacta genetically modified soybean seeds, the people said.