The FTC alleges that Syngenta and Corteva maintained pesticide monopolies by paying distributors not to carry generic products. Pesticide firms aren’t the only businesses using pay-to-block schemes.
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A new antitrust suit against seed makers and sellers sheds light on how Big Ag controls the crop input market to preference their products.
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Amidst farmer concerns about data collection by agricultural technology companies, agrochemical and seed giant DuPont on August 9th agreed to buy software company Granular Inc. for $300 million. With the deal, DuPont greatly increases its ability to collect detailed data on the operations of individual farms.
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In a September 20 hearing on Capitol Hill, executives from Monsanto, Bayer, Syngenta, Dow and DuPont defended their plans to merge into three giant agrochemical companies. Under questioning by Senators on the Judiciary Committee, they emphasized that the deals would increase their companies’ ability to “innovate” and to develop better seeds and agricultural chemicals.
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As the summer winds down, here’s a look at some of the biggest stories in food and agriculture consolidation.
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Bayer’s $62 billion offer to buy Monsanto is the latest in a series of proposed mega-mergers in the seed and agrochemical sectors, following ChemChina’s planned takeover of Syngenta and Dow’s merger with DuPont. These deals have raised fears of higher prices, reduced crop biodiversity, and even greater obstacles to innovation in these industries.
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Bayer's announcement that it intends to buy Monsanto, the world's largest seed producer, shocked farmers and consumers alike. The deal could have a profound -- and negative -- effect.
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