The agricultural giant was found to have been selling genetically modified cotton seeds without labeling them as such. Between 2002 and 2007, Monsanto’s seeds were illegally sold in several Texas counties where the seeds are explicitly banned.Here’s the bad news: Monsanto’s market cap is $29.5 billion, so the fine is less than a hundredth of a percent of that.
The seeds — known as Bollgard and Bollgard II — were genetically engineered to produce the insecticide Bacillus thuringiensis (Bt), and Texas officials were concerned that using the seeds would lead to pest resistance.
But that didn’t stop Monsanto from bamboozling buyers into purchasing the illegal seeds.
Still, the fines keep going up. Maybe eventually they’ll get big enough to sting.
Or we could just trust the company that made Agent Orange and DDT.
Or we could remember this: Continue reading