Monsanto to pay $2.4M to farmers

GMO giant Monsanto will have to fork out $2.4 million to settle a lawsuit with U.S. wheat farmers after its genetically engineered strain, supposedly banned and scrapped a decade ago, was found alive and well in Oregon in 2013.

According to RT.com, $2.15 million will go toward a settlement fund for farmers in Oregon, Idaho and Washington. A further $250,000 will go to wheat grower’s associations, including $100,000 to the National Wheat Foundation, and $50,000 each to the wheat and grain growers associations in the above states.

The plaintiffs' council also will be reimbursed.

Read more from RT.com.