At a time when just three corporations – Monsanto, DuPont and Syngenta – control 55% of the world’s commercial seeds, industrial farming interests in the Brazilian Congress have introduced a bill that aims to overturn the country’s 10-year old ban on Terminator technology – seeds that have been genetically modified to render sterile seeds. The technology is designed to secure corporate profits by eliminating the age-old right of farmers to save and re-plant harvested seeds.
An efficient, transparent pathway for technological advancement would save national governments time and money while reducing risk. Those proposing new technologies and their backers seek to minimize risk. Especially, re-insurers and investors welcome steps that make government intervention and/or public responses predictable.