SEATTLE, WA - Biotechnology giant Monsanto Co. has dumped another $540,000 to fight a Washington state ballot measure requiring genetically engineered foods be labeled.
The group opposing Initiative 522 has now raised nearly $22 million, setting a record for the most money raised by an initiative campaign in Washington state history. Supporters for labeling genetically engineered foods have raised about $6.8 million.
Monsanto's recent donation to "No on 522" brings its total to nearly $5.4 million. DuPont Pioneer and a political group set up by the Washington, D.C.-based Grocery Manufacturers Association, has also made hefty contributions to the campaign in recent days.
Voters on November 5th will decide whether to approve Initiative 522, which will require labels for foods that contain genetically modified ingredients.
Supporters say consumers have a right to know whether foods they buy contain such ingredients.
Opponents say the labeling would cost farmers and food processors, ultimately raising prices for consumers.