Inquiry Targets Monsanto

The Justice Department is seeking information from seed giant Monsanto Co. regarding the company’s dominance in the market for genetically modified seed, a company spokesman told the St. Louis Post-Dispatch on Oct. 9.

According to the Post-Dispatch, Monsanto spokesman Lee Quarles declined to discuss specifics of the inquiry, including what information is being sought. Monsanto is complying with the request for information, which was received about two months ago, he said.

“We’re cooperating and openly providing documents to respond to all of these questions,” Quarles said.

Monsanto categorized the request from Justice Department as an informal inquiry, not a formal demand for information.

Justice Department spokeswoman Gina Talamona wouldn’t confirm the inquiry and declined further comment.

The timing of the Justice Department’s questions coincides with plans announced Aug. 5 by U.S. Attorney General Eric Holder and Agriculture Secretary Tom Vilsack for a nationwide series of workshops to be held next year to hear farmers concerns about competition issues affecting the agriculture industry, according to the Post-Dispatch.

The Post-Dispatch noted that two days after that announcement, Philip Weiser, a deputy assistant attorney general, said during a speech in St. Louis that the Justice Department was committed to examining competition in agriculture, including the sale of genetically modified seed.

“Farmers today increasingly turn to patented biotechnology that is used to produce seeds resistant to herbicides and insects,” he said in the speech. “At the same time, this technological revolution and accompanying market developments have facilitated the emergence of large firms that produce these products, along with challenges for new firms to enter this market.

This isn’t the first time antitrust investigators have sought information from Monsanto. In 2007, the Justice Department required Monsanto and Delta & Pine Land Co. to divest a seed company, cottonseed lines and other assets before allowing them to merge.

Monsanto was also required to amend terms of its trait license agreements with other cottonseed companies to allow them to stack, or combine, non-Monsanto traits with Monsanto traits.

The company is in the midst of a legal battle with its chief rival,DuPont, the parent of Iowa-based Pioneer Hi-Bred International Inc., which has claimed Monsanto is engaging in anti-competitive behavior by not allowing it to stack its own herbicide tolerance trait with Monsanto’s Roundup Ready trait.

Monsanto, which initiated the lawsuit, claims DuPont’s efforts to stack the traits constitute patent infringement.

Meanwhile, Iowa Attorney General Tom Miller has begun an inquiry into possible antitrust violations by Monsanto. Monsanto said it will respond to the civil investigative demand by providing information on its seed, trait and chemistry licensing and marketing programs to Miller’s office.

Miller’s office said in a written statement on Oct. 8 that it is seeking information on the business practices of Monsanto.

Quarles said it’s not uncommon for regulators to initiate an inquiry whenever a rival alleges anti-competitive behavior.

“Any time a company would make an antitrust allegation against one of its competitors, I think the agency would find it prudent to explore and ask questions,” Quarles said.

(Source: St. Louis Post-Dispatch)

Topics:

Leave a Reply

Seed/Biotech Stories

dicamba, Roundup Ready 2 Xtend
Crop InputsASA: No Dicamba On Roundup Ready 2 Xtend In 2016
May 16, 2016
While Roundup Ready 2 Xtend (RR2X) are tolerant to dicamba and glyphosate herbicides, no dicamba herbicides will be approved for Read More
Crop InputsGMO Pipeline Features Consumer Targeted Modifications
April 15, 2016
The newly approved GMO Simplot Innate potato, developed to produce lower amounts of the harmful-yet-natural chemical acrylamide, resist bruising, and Read More
Crop InputsReuters: Chinese GMO Seed Espionage Making Iowa Farmers Uneasy
April 12, 2016
Tim Burrack, a northern Iowa farmer in his 44th growing season, has taken to keeping a wary eye out for Read More
Peanut field
FungicidesArysta LifeScience Receives EPA Approval Of Fungicide Seed Treatment
April 5, 2016
Arysta LifeScience North America recently announced it received approval from the EPA of RANCONA V PD, a broad-spectrum fungicide dust Read More
Trending Articles
Eric SfiligojPity The Monsanto Haters
May 23, 2016
An old saying goes thus: “Be careful what you wish for. You just might get it.” Given current events, there Read More
Monsanto Luling Plant
Crop InputsReport: Bayer Eyeing Monsanto For Possible Mega-Merger
May 16, 2016
Bayer AG is exploring a potential bid for U.S. competitor Monsanto Co. in a deal that would create the world’s Read More
Aerial Drone
Precision AgA Deeper Dive Into The Future Of Precision Ag
May 9, 2016
For about two decades now, through the good and the bad times, the ups and the downs inherent in agriculture, Read More
Palmer amaranth in soybean stubble
HerbicidesWSSA: Billions In Potential Economic Losses From Uncontrolled Weeds
May 4, 2016
What losses would corn and soybean growers experience if they were forced to eliminate herbicides and other control techniques from Read More
Eric SfiligojReasons For Hope In Commodity Prices
May 2, 2016
For many months now, the doomsayers have ruled the day in agriculture. Too much supply with too little demand would Read More
Eric SfiligojMissing The Family Ties In Agriculture
April 25, 2016
By its nature, the agriculture market is cyclical. Up and down cycles come and go with a regular pattern. For Read More
Latest News
ManagementWashington Visit and Bayer/Monsanto Deal Update
May 26, 2016
Editors Paul Schrimpf and Eric Sfiligoj discusses a recent trip to DC and the latest news on the proposed pairing Read More
Fertilizer closeup in hand
Industry NewsVerdesian: Striking A Balance Between Yield & ROI
May 26, 2016
Finely tuned nutrient management plans are helping farmers throughout the U.S. improve nutrient use efficiency, increase return on investment (ROI) Read More
Crop InputsLand O’Lakes Announces Minnesota Water Quality Pa…
May 25, 2016
Governor Mark Dayton and Land O’Lakes, Inc. President and CEO Chris Policinski today announced a new public-private partnership to protect Read More
Soybean Plant closeup
Industry NewsMonsanto Rejects Bayer Bid; Open To More Talks
May 25, 2016
Monsanto Co, the world’s largest seed company, turned down Bayer AG’s $62 billion acquisition bid as “incomplete and financially inadequate” Read More
Corn close up
Crop InputsArysta LifeScience Establishes Global Headquarters In R…
May 25, 2016
Arysta LifeScience has announced plans to relocate its global headquarters from West Palm Beach, FL, to Cary, NC, over the Read More
fertilizer blending and storage, Top 100
BlendersCHS Dakota Expansion Features AGCO’s GSI InterSys…
May 25, 2016
The continued growth of precision agriculture has increased farmer use of customized fertilizer blends best-suited for their soil conditions. Several Read More
ManagementAgriculture 3.5: A Bumpy Road Ahead
May 24, 2016
You may have read my article a few years ago on Agriculture 3.0, which is a term I coined to Read More
Topcon’s X30 display with CropSpec sensors
EquipmentGPS Autosteer Systems: Product Updates From Precision A…
May 24, 2016
Throughout 2015 GPS Steering solutions continued to evolve from what was once an after-market add on, to today’s cab where Read More
Trimble TMX-2050 In-Cab Display
Eric SfiligojThe Precision Ag Revolution Continues
May 24, 2016
It’s funny how much “the first time” tends to mean to someone as they get older. I sometimes can’t recall Read More
Eric Wintemute, AMVAC
Precision AgAMVAC Ups The Ante With New Precision Ag Technology
May 24, 2016
A potentially industry-changing at-plant soil treatment system from American Vanguard Corp., or AMVAC, is coming soon to large growers in Read More
Dry and Liquid Plant
CropLife 100CropLife 100 Map
May 24, 2016
The new CropLife 100 map shows the locations of each of the headquarters of the 2015 CropLife 100 retailers. The interactive Read More
Southern States Cooperative
Corn Field
Industry NewsTiger-Sul Names Veteran Account Manager To Lead Central…
May 23, 2016
With the continuing growth of the sulphur bentonite and precision crop nutrient industry, global agriculture firm H.J. Baker has announced that Read More
Bayer sign
Industry NewsReuters: Bayer Defies Critics With $62 Billion Monsanto…
May 23, 2016
German drugs and crop chemicals group Bayer has offered to buy U.S. seeds company Monsanto for $62 billion in cash, Read More
Eric SfiligojPity The Monsanto Haters
May 23, 2016
An old saying goes thus: “Be careful what you wish for. You just might get it.” Given current events, there Read More
Industry NewsCompass Minerals Hires Industry Veteran To Lead Plant N…
May 19, 2016
Compass Minerals has hired plant nutrition industry veteran Vatren Jurin to steer the company’s portfolio expansion into specialty liquid micronutrient Read More
ASMARK Retailers LIVE! Tour 2016 Group shot The Andersons
CropLife 100The Andersons Rejects Unsolicited Proposal From HC2
May 19, 2016
The Andersons, Inc. has announced that its Board of Directors has rejected two non-binding, highly conditional, unsolicited proposals from HC2 Read More
glyphosate
Crop InputsWHO: Glyphosate ‘Unlikely’ To Cause Cancer
May 16, 2016
Via Reuters.com reporter Kate Kelland: The weed-killing pesticide glyphosate, made by Monsanto and widely used in agriculture and by gardeners, Read More