Costa Rica: “We Don’t Want Monsanto!” – Monsanto Company (MON), The Hain Celestial Group, Inc. (HAIN) and More

Page 1 of 2

Over the past weekend, in the sleepy rural village of Atenas, Costa Rica, there was a weekend-long celebration in the town square.

But instead of the normal summer festivals, or an observance of the Lenten season for this predominantly Catholic nation, citizens were gathering for a different reason: Their canton (akin to a county in the United States) had just voted against the use of genetically modified seeds.

Source: Author’s photograph. These displays were made by local school children to highlight the diversity of native seeds available to farmers in the region.

A little background
The recent backlash against GMOs and the company that predominantly sells them, Monsanto Company (NYSE:MON) , began in late 2012, when a subsidiary of the company requested permission to plant about 5 acres of corn with genetically modified seeds produced by Monsanto Company (NYSE:MON).

The request led to a rash of demonstrations across the country, but on Jan. 22, the Costa Rican Ministry of Science and Technology granted the request.

This isn’t the first time such a request has been granted, as the country has already allowed about 1,100 acres of genetically modified cotton, soybeans, bananas, and pineapples to grow within its borders.

It’s important to note two things: 1,100 acres represents an infinitesimal percentage of total land available for farming in Costa Rica; and none of the genetically modified products are allowed to be consumed or marketed within the country — they are for producing seeds to export or for research purposes only.

A brewing storm
As soon as word got out that Monsanto Company (NYSE:MON) had been granted this exception, several groups began weighing in against the company. Besides environmental groups, the agricultural and biology departments at the University of Costa Rica, as well as the Costa Rican Agronomy Engineers’ Association, wrote letters warning of the inherent dangers of using seeds provided not by nature, but by scientists working in labs.

Many concerned parties began to mobilize to squash any attempt to bring genetically modified seeds into the country before a steady movement in that direction materialized.

Local cantons began voting in earnest to let their voice — and, if obeyed, their laws — be known. In fact, on the very same day Monsanto was granted its permission, the municipalities of Aserri, San Jose, and San Rafael de Heredia announced that GMOs would not be allowed in their soil.

Since then, the response has been clear and direct. Of the country’s 81 cantons, 60% — or 49 in total — have voted to make it illegal to plant GMOs within the Canton lines. Keep in mind that most of this has transpired in just the past three months!

Source: Bloqueverde.blogspot.com

What it means for Fools
Obviously, not every country is going to have as direct a reaction to Monsanto Company (NYSE:MON) – or any other company pushing GMOs — as Costa Rica has. And also keep in mind that Costa Rica’s market potential pales in comparison with that of the United States and other nations around the world.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

The 10 Biggest Outlet Malls in USA

The 5 Most Popular Rap Songs of All Time

The 10 Countries that Eat the Most Meat

The10 Most Expensive Countries to Fly To

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!