Monsanto settles with farmers over GMO wheat

Monsanto Co. has reached a settlement with wheat farmers in seven states, including Missouri, over the 2013 contamination of an Oregon wheat farm with the seed and biotech company's genetically modified wheat.

The GMO contamination of the Oregon wheat field led farmers elsewhere in the U.S. to sue Monsanto over economic damages caused by the incident.

In the settlement, Monsanto did not admit fault but agreed to donate $50,000 to land-grant universities in each of the seven states involved in the suit, according to the St. Louis Business Journal.

Read more from the St. Louis Business Journal.