1/27/2005

The agriculture department this week announced Argentina has devised new rules governing payment for biotech seeds. Under the new rules, set to go into effect before the 2005-06 season, farmers will be required to pay royalties to seed producers for the first seven years they are on the market. Monsanto, a large supplier of biotech seeds to Argentina, did not comment on the ruling, though has previously announced plans to impose licensing fees on soybean exports.

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