Glyphosate | Derailing EU rules on new GMOs | Corporateeurope.org
With the European Green Deal and the Farm to Fork Strategy, the Von der Leyen Commission has committed to a fundamental shift away from industrial agriculture as we know it today. With a 50 per cent pesticide reduction target, and a 25 per cent organic agriculture target by 2030, business as usual is no longer an option. This creates an existential crisis for those corporations that are dominant both in the pesticide and in the commercial seed market, notably Bayer, BASF, Corteva (DowDupont) and Syngenta (ChemChina).
These corporations are set to lose a large share of their profits from selling pesticides, and are therefore looking for a new business model: increase profits from the seed business. This applies all the more to German chemical giant Bayer, which is in deep financial trouble since buying Monsanto, because of ongoing and costly glyphosate litigation in the US. To have new GMO seeds without regulatory oversight, but still patented, would surely serve that aim.st, but never proved true.
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