The National Farmers Union is concerned about continued consolidation among agribusinesses. After hearing the news of a $66 billion merger proposal between Bayer and Monsanto.
NFU President Roger Johnson said consolidation of this magnitude cannot be the standard for agriculture, nor should we allow it to determine the landscape of agriculture.
He said, “The merger deal between Bayer and Monsanto marks the fifth major deal in the last year, preceded by an approval of the Syngenta/Chem China acquisition, as well as proposed mergers between Dow/DuPont, Potash Corp/Agrium, and John Deere/Precision Planting.”
He said farm and ranch families have been on Capitol Hill asking members of Congress to conduct hearings to review the staggering amount of pending merger deals in agriculture today. “We will continue to express concern that these megadeals are being made to benefit corporate boardrooms rather than family farmers, ranchers, consumers, and rural economies,” he added.
(From the National Association of Farm Broadcasters News Service)