Posted 5 years ago on Aug. 5, 2012, 8:46 a.m. EST by john23
This content is user submitted and not an official statement
If you've ever wondered how Monsanto―a company that admits it wants to own the world's food supply through its patented genetically engineered seeds―gets away with not having to label its products, all you have to do is follow the trail of money leading from their coffers into the pockets and campaign funds of well-placed politicians and regulators.
According to OpenSecrets.org1, Monsanto basically lives at the doorsteps of legislators in Washington, where it spent $5.3 million last year lobbying the nation's lawmakers, and has already spent $1.4 million in the first three months of this year.
Needless to say, they can afford it. According to OpenSecrets.org, Monsanto had an annual revenue of $11.8 billion last year, so a $5.3 million lobbying investment is far less than one percent of one percent of their revenues.
The influence they're trying to buy doesn't stop in Congress, though. Monsanto's legislative agenda also includes the U.S. Department of Agriculture (USDA), the Food and Drug Administration (FDA), and the Environmental Protection Agency (EPA); all of which have a say in whether or not you get to know whether the food you're eating has been genetically engineered.
Can You Trust a System Powered by Lobbying?
The power of Monsanto can be seen through its contributions to Rep. Frank D. Lucas, who's received the most money so far from Monsanto. Lucas just happens to be chairman of the House Agriculture Committee, through which every farm-related piece of legislation must pass. But he's certainly not the only one wheel getting greased by this biotech giant.
According to OpenSecrets.org:
"'...So far this election cycle, Monsanto's PAC has given $77,500 to 17 members of the House agriculture committee, or their leadership PACs.'" ...Monsanto's interests in Washington are diverse.
It lobbied bills ranging from the American Research and Competitiveness Act of 20112, which would extend tax credits for companies doing research, to several bills that would change the way the Department of Homeland Security handles security at chemical facilities -- chemicals being a big part of Monsanto's product portfolio.
... Another upcoming matter of great interest to Monsanto: the new farm bill, an omnibus piece of legislation that sets the nation's agricultural policy and deals with nearly every aspect of the country's farming and food industries. The current bill expires in 2013; when it went through Congress, Monsanto filed more lobbying reports on it than any other organization. The process of piecing together a new proposal is already well under way."........................continued: