“Last month the US Securities and Exchange Commission (SEC) began an investigation into Monsanto’s glyphosate herbicide business – The Monsanto Company is the world’s largest genetically modified seed producer. This investigation looks into Monsanto’s incentive program for Roundup distributors for 2009 and 2010, which was discontinued last summer as part of Monsanto’s larger restructuring of its herbicide business.
The US company provides cash incentives to distributors to buy Roundup glyphosate, the world’s leading herbicide, and Roundup Ready seeds. Its most recent program, introduced last year, offered up to $20 per acre. Federal regulators are now investigating Monsanto’s incentive program for distributors who sell the company’s herbicide Roundup to farmers.”