5 Million Farmers Sue Monsanto for $7.7 BillionPosted: September 23, 2013
Launching a lawsuit against the very company that is responsible for a farmer suicide every 30 minutes, 5 million farmers are now suing Monsanto for as much as 6.2 billion euros (around 7.7 billion US dollars). The reason? As with many other cases, such as the ones that led certain farming regions to be known as the ‘suicide belt’, Monsanto has been reportedly taxing the farmers to financial shambles with ridiculous royalty charges.
The findings echo what thousands of farmers have experienced in particularly poor nations, where many of the farmers are unable to stand up to Monsanto. Back in 2008, the Daily Mail covered what is known as the ‘GM Genocide’, which is responsible for taking the lives of over 17,683 Indian farmers in 2009 alone. After finding that their harvests were failing and they started to enter economic turmoil, the farmers began ending their own lives — oftentimes drinking the very same insecticide that Monsanto provided them with.