In May, Monsanto released the core common ground it had come to with Argentinean President Mauricio Macri’s administration and industry representatives.
The goal of the talks is to find a solution for soybean growers and a soybean technology royalty system in Argentina.
So far, the talks have reached common ground on four main points:
1. Private contracts will be recognized and respected, including thousands of grower, grain handler and inland elevator contracts that support new technologies in Argentina;
2. Intellectual property would be respected for each and every use of patented technology, both inside and outside of Argentina;
3. Testing and sampling of grain should continue; and
4. The country’s soybean technology royalty system will remain operational.
“During recent discussions, the government of Argentina acknowledged that it supports a conducive environment for continued investment and further long-term development of agriculture through recognition of intellectual property rights and private agreements,” Monsanto President and Chief Operating Officer Brett Begemann said. “Both endorsing and actively supporting these basic principles are necessary to create a predictable business environment, which invites foreign investment.”
The Argentinean administration also had the opportunity to address their concerns to Monsanto about the royalty system in Argentina. Currently, Argentina allows growers who use Intacta RR2 Pro technology to choose payment timing from purchase of seed to after the point of grain delivery.