Corporate pesticide maker Monsanto, which has faced several recent lawsuits against its products, is paying farmers to use its controversial weedkiller XtendiMax with VaporGrip, an herbicide based on a chemical known as dicamba, Yahoo News reported.
The incentive to use XtendiMax aims to refund farmers over half the sticker price of the product in 2018 if they spray it on soybeans that Monsanto engineered to resist it, according to company data.
‘We believe cash-back incentives for using XtendiMax with VaporGrip Technology better enable growers to use a management system that represents the next level of weed control,’ said Ryan Rubischko, Monsanto product manager.
Monsanto faces bans and restrictions of its pesticides in several states due to damaged crops from its product which affected 3.1 million acres in nearly two dozen states, according to Reuters.
XtendiMax costs about $11 per acre to buy, and Monsanto is offering an extra $6 per acre in cash back to farmers when they apply it on Xtend soybeans, rather than using another seed-and-chemical combination to control weeds.
The rebate means farmers can receive up to $11.50 per acre in cash back next year when they use XtendiMax along with other approved chemicals, such as one called Intact that aims to prevent drift and costs $2.40 per acre, according to Monsanto.
This post was published at The Daily Sheeple on DECEMBER 14, 2017.