We all love to hate Monsanto. We also know that Monsanto isn’t the only poison-maker trying to pass itself off as a “farmer-friendly producer of food to feed the world.”
Monsanto belongs to an exclusive club of dominant pesticide makers. That club, which includes Dow, Dupont, Bayer, Syngenta and BASF, is about to get a lot smaller. And a lot more dangerous.
Bayer has been trying for months to buy Monsanto. Dow and Dupont are in talks to merge. And Switzerland-based Syngenta may soon be owned by ChemChina.
It’s bad enough that less than a dozen multinational corporations (including Monsanto, Dupont, Bayer and Syngenta) control nearly 70 percent of the global seed market. If these mergers and buyouts go through, that number will shrink even further.
The recent merger and acquisition in the seed and chemical (why are the words “seeds” and “chemicals” even uttered in the same breath?) signals trouble in the industry. That’s probably a good sign. But giving more control to even fewer corporations will definitely have a downside.
In our essay of the week, Martha Rosenberg and Ronnie Cummins take a look at the proposed buyout of Syngenta by ChemChina. Continue Reading