Supreme Court Decision Closes Loophole in Monsanto's Business Model
Monday, May 13, 2013 - 13:31
in Mathematics & Economics
The Supreme Court's unanimous opinion in Bowman v. Monsanto holds that farmers who lawfully obtain Monsanto's patented, genetically modified soybeans do not have a right to plant those soybeans and grow a new crop of soybeans without Monsanto's permission. "The Court closed a potential loophole in Monsanto's long-standing business model, prevents Monsanto's customers from setting up 'farm-factories' for producing soybeans that could be sold in competition with Monsanto's soybeans, and it enables Monsanto to continue to earn a reasonable profit on its patented technology," says Kevin Collins, JD, patent law expert and professor of law at Washington University in St. Louis