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Tag: US: Farmers Caught in Crushing Agribusiness

USA

As in India, US Farmers Caught in Crushing Agribusiness Debt Trap Turn to Suicide in Spiking Numbers

NOVANEWS With Bayer-Monsanto now the largest seed and agrochemical company in the world, its near monopoly on prices and its disregard for farmers and environmental health mean that the despair that has consumed India’s farmers will soon be planted in the United States. By Whitney Webb MintPress News   Over a decade ago, a disturbing trend among farmers in India captured headlines, as suicides among Indian farmers began to spiral out of control. Many of those farmers were indebted to giant agribusiness corporations like Monsanto, which – after gaining access to India’s seed sector in 1998 – enticed poor farmers to buy new “bioengineered” seeds every planting season along with the associated agro-chemicals required to grow them, promising bigger yields that would offset the costs....