In some circles, it would be called a bribe, at best. Evidence revealed last week shows that Monsanto's former Chief Financial Officer admitted that the agrichemical corporation planned to spend $150 million in cash and trade incentives in Latin America, North America and Europe to spur the uptake of the pesticide glyphosate, better known as RoundUp. $150 million is no small change — and surely that's not all that's been spent.
The news came to light last week as part of an investigation by the U.S. Securities and Exchange Commission. Sadly, small farmers around the world know all too well the carrot and stick approaches that Monsanto and other pesticide giants use to lure farmers (and nations) toward industrial agriculture and onto the pesticide treadmill.