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.
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.
CHICAGO, Sept 12 (Reuters) – Cargill Inc has suffered more than $90 million in damages from China’s rejections of U.S. corn containing a genetically modified trait developed by Syngenta AG, the grain trader said in a lawsuit on Friday.
The damages are a “direct and proximate result” of Syngenta’s decision to sell its Agrisure Viptera corn, known as MIR 162, before China approved the variety for import, according to the lawsuit.
Cargill sued a unit of Syngenta, the world’s largest crop chemicals company, in Louisiana state court for damages stemming from the rejections. To read more about this AGRIBUSINESS DRAMA, CLICK HERE!