| Press Release from the Institute for Agriculture and Trade                     PolicyMay 10, 2004
 For Immediate Release
 Contact: Dennis Olson, 612-870-3412, dolson@iatp.org
  Monsanto's Retreat on GE Wheat a Victory for Farmers  IATP Calls on Monsanto to Withdraw Application for USDA                     Approval  Minneapolis - The Institute for Agriculture and Trade Policy                     (IATP) expressed cautious optimism about Monsanto's public                     announcement today that it would abandon research and development                     of GE wheat.  "If Monsanto is in fact abandoning research and development                     of its genetically engineered wheat variety, this would represent                     a major victory for North American wheat farmers who have                     followed the market principle that "The customer is always                     right," said Dennis Olson, Director of the Institute's                     Trade and Agriculture Project, noting the that U.S. and Canadian                     wheat farmers have vigorously opposed Monsanto's proposed                     introduction of the world's first genetically engineered wheat                     variety primarily because a vast majority of their consumers                     worldwide have stated they don't want it. "North American                     farmers have demonstrated their respect for their costumers                     by opposing GE wheat," he said.  Wheat farmers have also raised serious agronomic concerns                     such as the danger of creating "super weeds" that                     would develop immunity to the herbicide glyphosate. "In                     looking closely at GE wheat, many wheat farmers have concluded                     that it would complicate weed management, not simplify it                     as Monsanto has claimed," Olson said. Additionally, farmers                     have expressed worry that GE wheat introduction would further                     tighten Monsanto's monopoly control of seeds worldwide, and                     place unfair liability on individual farmers. "Monsanto's                     predatory prosecution of individual farmers for patent violations                     have gone a long way towards convincing farmers that they                     will face unfair liability exposure if GE wheat is introduced,                     even if they choose not to grow it themselves," Olson                     added.  Monsanto is currently going through the permit process with                     the U.S. Department of Agriculture to de-regulate genetically                     engineered Roundup Ready wheat.  Olson called on Monsanto to follow-up today's announcement                     by withdrawing applications for commercial introduction of                     GE wheat, not only in North America, but in all other countries                     where it is seeking regulatory approval, such as South Africa                     and Japan. "Monsanto publicly committed to delaying introduction                     of GE wheat until it was simultaneously approved in the U.S.,                     Canada and Japan, but then reneged on that commitment and                     pressured U.S. wheat growers to support a US-only introduction,"                     Olson said. "Given its past backpedaling, Monsanto should                     clarify its true intentions to farmers and consumers worldwide                     that it is indeed acting in good faith when it claims to be                     abandoning the commercial introduction of GE wheat,"                     he concluded.  IATP has been active in opposing the introduction of GE                     wheat. Read more background at: www.iatp.org  The Institute for Agriculture and Trade Policy promotes                     resilient andhealthy family farms, rural communities and ecosystems around                     the world
 through research and education, science and technology, and                     advocacy.
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