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Monsanto Co and Grower Associations Announce Agreement That Supports Introduction Of Future Soybean Technologies For Brazil

Wednesday, 23 Jan 2013 12:38pm EST 

Monsanto Co announced that they have reached an agreement that will support the introduction of products like INTACTA RR2 PRO soybeans. The agreement represents an important next step towards the commercial introduction of INTACTA RR2 PRO soybeans in the Country. It demonstrates support by the Agriculture and Livestock Confederation of Brazil (CNA), a national grower organization, as well as ten state agriculture federations in the soybean-production regions of Brazil. The agreement recognizes the important role of technology providers that invest in new technologies for farmers as well as for a value collection system that ensures technology providers are duly compensated for technology each time it is used on farm. Under the agreement, participating Brazilian farmers will secure a new license that will allow them to purchase soybeans containing the new INTACTA RR2 PRO technology, expected to be available in the 2013-2014 growing season. The agreement also underscores the grower associations' support for continuing a royalty collection approach, which ensures that growers pay royalties each time they use the technology. 

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