Bayer CEO Werner Baumann and Monsanto CEO Hugh Grant met with Donald Trump in New York to ask the president-elect to bless the companies’ planned $66 billion mega-merger.
“It was a productive meeting about the future of agriculture and the need for innovation,” a Bayer spokesman told Reuters.
The German chemical giant’s pending takeover of the U.S. seedmaker would form the largest seed and pesticide ...
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You probably learned in high school that monopolies are bad for consumers; they eliminate the field of competition in the marketplace, leaving people with fewer options and higher prices. Mega-mergers in the food and energy markets are allowing a handful of corporations to dominate market sectors. Their market dominance means that when it comes to influencing public policy, politically powerful companies call the shots. As Elizabeth Warren said in a speech recently, competition is dying—and the accompanying consolidation ...
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The Hague, 16 October 2016: Monsanto and the Poison Cartel are guilty of crimes against our planet and humanity. This is the verdict from the People’s Assembly organized in the Hague alongside the Monsanto Tribunal. The voices of the soil, of the seeds, of farmers, consumers, and of people from all over world converged and reverberated in a new unity across diversity. The poison making industry is destroying life on Earth, our health and our democracies. The Peoples assembly resolved ...
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The Big Ag tech giants Monsanto — maker of Agent Orange, genetically modified seeds and weed-whacking chemicals — and Bayer — famed for manufacturing poison gas for Nazi concentration camp use, heroin, baby aspirin and systemic pesticides — are merging. Food security advocates, consumers and non-zombies worldwide are deeply concerned.
CNN Money declared the Monsanto-Bayer merger “the year’s biggest takeover.” Symbolically, it’s the merger of the century. At $66 billion, it’s also the ...
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Bayer and Monsanto finally agreed to say “I do” yesterday (September 14), striking a $66-billion deal that Monsanto CEO Hugh Grant tried to sell as a move to improve “the lives of growers and people around the world.”
Wall Street Journal reporter Jacob Bunge painted the news in a different light. Bunge implied that behind the Bayer-Monsanto buyout, a similar proposed merger between Dow and Dupont, and the recently approved ChemChina-Syngenta deal, runs the story of an industry in trouble.
“The dominance ...
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There has been an adverse trend in the food and agriculture sector in recent times with the control of seeds and chemical inputs being consolidated through various proposed mergers. If these mergers go through, it would mean that three companies would dominate the commercial agricultural seeds and chemicals sector. Over the past couple of decades, there has already been a restriction of choice with the squeezing out of competitors, resulting in higher costs for farmers, ...
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* Deals would put the majority of seeds, chemicals and GM traits in the hands of three companies, deepening poverty for small-scale farmers
When an Indian farmer plants his cotton crop, there’s at least a 75% chance the seeds have been been bought from a company owned by Monsanto. If a Latin American farmer sprays insecticide on her genetically engineered soya beans, the chemical is more than likely to have been provided by German chemical and drugs company Bayer or by ...
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Big farms are about to get a lot bigger.
With six agricultural giants on the verge of merging into three separate companies, consumers and farmers are feeling uneasy about the global implications and how it might impact the food system.
Top executives from Bayer, Monsanto, DuPont, Dow Chemical, and Syngenta today (Sept. 20) testified before the US Senate Judiciary Committee in Washington, making a case for why federal regulators should approve the mega-mergers, which stand to fundamentally reorganize global agriculture. (Executives from ...
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News broke this week that Monsanto accepted a $66 billion takeover bid from Bayer. The new company would control more than 25 per cent of the global supply of commercial seeds and pesticides. Bayer’s crop chemicals business is the world’s second largest after Syngenta, and Monsanto is the leading commercial seeds business.
Monsanto held a 26 per cent market share of all seeds sold in 2011. Bayer (mainly a pharmaceuticals company) sells 17 per cent of the world’s total agrochemicals and also ...
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The concentration and centralization of the agro-business multi-nationals advances with gigantic strides: Potash Corp and Agrium have combined into a $30 billion monopoly over the world fertilizer market. Dow Chemical and DuPont combine in a $130 billion dollar deal in the seed and agricultural chemicals sector. ChemChina prepares to takeover Syngenta in a $44 billion acquisition. Bayer is preparing to buy out Monsanto for $56 billion and further concentrate control over worldwide seed and chemical markets. A quarter of a ...
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