Monsanto under investigation for cash incentives program

The US-based company has allegedly been offering distributors up to $20 per acre to use Roundup, 

as well as Roundup Ready seeds, which have been genetically modified to resist the glyphosate-based herbicide.

The announcement came as the agricultural biotechnology giant reported a 77% jump in net income, an increase attributed mostly to the strength of its core seeds and genetic traits businesses.