The environmental news and commentary website Grist posted a story this week about federal crop insurance. Yawn, right?
Wake up! The story talks about what is, in effect a subsidy for companies creating genetically modified organisms (GMOs), and at the same time a punishment for organic farmers. Here’s a brief quote:
Last Wednesday, Monsanto announced that the Federal Crop Insurance corporation (FCIC) approved a pilot program that will give farmers a 20 percent discount on insurance premiums if they plant a majority of their corn acres with seeds featuring Monsanto’s trademarked YieldGard Plus with Roundup Ready Corn 2 or YieldGard VT Triple stack technology. This is the first time the FCIC Board has approved a crop insurance discount for specific crop traits, but not likely the last.
For more information about GMOs, read this article from the Land Institute.