Groups urge Sessions to reject ag-chem consolidation
More than 300 groups are asking newly confirmed Attorney General Jeff Sessions to thoroughly investigate – and then stop – the proposed mergers involving six major ag chemical companies.
“The proposed mergers – of Dow Chemical with DuPont, Monsanto with Bayer AG, and Syngenta with ChemChina – are each problematic on their own, with many likely negative impacts on farmers, businesses, workers, and consumers,” the groups said in a letter transmitted to Sessions today. “When taken together, they pose the threat of major oligopolistic outcomes in the industries of farming inputs, research, development, and technology.”
They urged Sessions to closely examine the deals and “enjoin (them) when it becomes clear that (their) impacts will prove detrimental to farmers, businesses, workers, consumers, the environment and our American food system.”
“It is predicted that if all three deals were to close, the three resulting companies would control nearly 70 percent of the world’s pesticide market, more than 61 percent of commercial seed sales and 80 percent of the U.S. corn-seed market,” the groups said in the letter.
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