act now to prevent the soon-to-be largest chemical and gmo seed company in the world

posted April 28, 2016

http://cdn.chinabusinessnews.com/images/1280/1450685214413981-syngenta-once-again-under-shower-of-blessing-by-chemchina.jpg

If you thought Monsanto was bad, this could be even worse: Chinese chemical giant ChemChina has begun a $43 billion merger with Swiss-based seed and pesticide company Syngenta to create one of the largest chemical and GMO seed companies in the world.

This proposed merger could have huge ramifications in the U.S. and across the entire global food system, where only six companies now control 75 percent of the world’s seed and agricultural chemical business.1 Further consolidation would put our food production system in the hands of even fewer multinational corporations, with the potential of unchecked use of more toxic chemicals and GMOs in our food supply.

A bipartisan group of members of Congress is calling on the Obama administration to more aggressively scrutinize the merger, with the potential of stopping it from moving forward.2 We must act now to pressure the Obama Administration to stop this dangerous merger before it’s too late.

To act, click HERE.


global agribusiness mergers not a done deal

posted December 17, 2015

Agribusiness Merger

The $130 billion Dow-DuPont merger announced last week has rekindled ChemChina’s $44.6 billion bid for Syngenta which, in turn, may provoke a fourth takeover try by Monsanto. If ChemChina prevails, Monsanto is likely to look for a deal with either BASF or Bayer. If they get their way, the world’s Big Six agricultural input companies controlling 75% of global agricultural R&D may be reduced to three or four. Even if only the Dow-DuPont deal gets past competition regulators, the new enterprise will control 25% of global commercial seed sales and 16% of world pesticide sales, meaning that, together with Monsanto, just two companies would control 51% of seed sales and one quarter of the pesticide market.

But regulatory acceptance is far from a done deal according to a new 20-page report issued today by ETC Group.[1] (more…)