WASHINGTON, July 23 -- Sen. Elizabeth Warren issued the following press release:
U.S. Senators Elizabeth Warren (D-Mass.), Cory Booker (D-N.J.), and Peter Welch (D-Vt.) introduced the Fair Seeds for Farmers Act to stop Big Agriculture from abusing seed patents, reduce prices for farmers, and lower grocery costs.
Just four companies control over 75% of the corn and soybean seed markets in the U.S, crowding out competitors and driving up prices for farmers through their abuse of the patent system. Although Congress previously passed legislation to balance the IP rights of seed companies with farmers' and the public's right to research, save, and use seeds, dominant seed companies have increasingly been reaching beyond these statutes to cla...