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. (more…)
Greenhorns, in partnership with Organic Consumers Association were in attendance last month at the national gathering of the FFA. The FFA National Convention in Louisville, Kentucky, saw a sea of 60,000 students representing every nook and cranny of America (and its territories) gathered together for fellowship, belonging, education and scholarly competition. Between the ages of 13 and 18, many of these students are next-in-line to the family farm and occupy a strategically powerful position in the future of American Agriculture; they are kids with land. With a self-confidence rarely seen in teenagers and impeccable public speaking skills, these students in their blue corduroy jackets cut quite the impressive figure, particularly in a stadium context.
They are team-spirited, motivated and articulate, and most of them credit these qualities to the organization that brought them together, the FFA. The FFA is turning these next-in-line farmers, agriscientists, ag teachers and farm sympathizers into successful leaders, fierce entrepreneurs, and good Samaritans…for Big Ag.
This polished youth constituency at the FFA sing the praises, almost exclusively, of Big Ag. How did this happen? Lets start with the obvious place; let’s follow the money.