OTTAWA, CANADA – ETC Group today released an end-of-year update on the high-profile mergers announced in the agri-inputs industry in 2016. Arguing that the three announced seed/pesticide mega-mergers will only be decided in 2017 and possibly much later, ETC’s new update, entitled “Software vs. Hardware vs. Nowhere,” shows that it is not only the $97 billion per annum seed and crop chemicals market that is at stake in the three announced mergers.
Recent Content Related to Seeds & Genetic Diversity
Yo ho ho! Who are the most gruesome and despicable biopirates plundering genetic resources in your country? Which corporate crooks are looting indigenous knowledge in your communities? Have any governments failed to ward off marauders, enacted bogus policies, or plotted against their own people? Which gene-jacking genome editors are carrying out dastardly digital theft via your local genome database?
Wednesday’s confirmation that Monsanto and Bayer have agreed to a $66 billion merger is just the latest of four M&A announcements, but at least three more game-changing mergers are in play (and flying under the radar). The acquisition activity is no longer just about seeds and pesticides but about global control of agricultural inputs and world food security. Anti-competition regulators should block these mergers everywhere, and particularly in the emerging markets of the Global South, as the new mega companies will greatly expand their power and outcompete national enterprises. Fou
Since August 1st, the news is spreading that Monsanto had to abandon the construction of one of the biggest factories in the world for producing transgenic seed that was to be installed in Córdoba, Argentina, in the municipality of Malvinas Argentinas. From there they had planned to distribute seeds to Latin America and beyond. This is an occurrence of enormous importance, that the company has not wanted to admit publicly, because the reason for their exit is the persistent popular resistance from neighbourhoods, youths and mothers, who have blocked the factory since 2013.
Where to find us and what we'll be up to at the World Social Forum in Montreal, QC, from August 9-14, 2016.
What’s the role of synthetic biology in our food system and how does it relate to “climate-smart” agriculture? What are the costs and risks?
Available to watch at http://www.synbiowatch.org/2016/07/outsmarting-nature-webinar/
By Silvia Ribeiro*
It is not often that so many prominent scientists reveal their ignorance on a topic in such a short space. This was the case for the public letter that a hundred Nobel laureates published on June 30th defending genetically modified organisms (GMOs), particularly the so-called “Golden Rice,” and attacking Greenpeace for its critical stance on these crops. The letter is so full of high-sounding adjectives and epithets, false claims and poor arguments that it seems more like a propaganda tirade from transgenic companies than scientists presenting a position.
Bayer’s $62 billion bid for Monsanto, as of this writing, has been rejected, but both parties say they are continuing to negotiate.
Briefing Note, March 23, 2016
As ETC first warned in May[i] last year and again in February[ii] this year, the pressure of two mergers among the Big Six Gene Giants would make a third merger inevitable. In the last few days the business media have reported that Monsanto is in separate talks with Bayer and BASF – the two German giants among agricultural input companies. While anti-competition regulators are fussing about the hook up of DuPont with Dow and of Syngenta with Chem China, Monsanto urgently needs to make a match. They hope that if regulators let the other two deals go through, they won’t be able to deny Monsanto a chance to even the score.
For a decade, six multinationals have controlled 75% of the world’s high-tech seeds and pesticides businesses. Late last year, Dow and DuPont agreed to merge and now state-owned ChemChina is buying Syngenta for $43 billion. This means that Monsanto needs a merger to stay in the game. Or, is the game about to be called?
December 2015. In this new report, ETC Group examines corporate consolidation in four agricultural input sectors: seeds, pesticides, chemical fertilizers and farm equipment. With combined annual revenue of $385 billion, these companies call the shots. Who will dominate the industrial food chain? And what does it mean for farmers, food sovereignty and climate justice?
Many of the world's largest agro-industrial corporations are pushing forward the poorly-defined idea of "Climate-Smart Agriculture"(CSA) to re-market industrial agriculture as 'climate-ready'. This report uncovers how some advocates of CSA are embracing the extreme genetic engineering tools of synthetic biology ("Syn Bio") to develop a set of false solutions to the climate crisis.
The 20-page report includes:
- An overview of the Players lining up behind the “Climate-Smart” brand and the Global Alliance for Climate Smart Agriculture (GACSA).
Today, six corporations control global markets for industrial seeds/agrochemicals. They determine the priorities and future direction of agricultural research. What are implications of ag mega-mergers for food sovereignty and climate change? What can be done?
At a time when just three corporations – Monsanto, DuPont and Syngenta – control 55% of the world’s commercial seeds, industrial farming interests in the Brazilian Congress have introduced a bill that aims to overturn the country’s 10-year old ban on Terminator technology – seeds that have been genetically modified to render sterile seeds. The technology is designed to secure corporate profits by eliminating the age-old right of farmers to save and re-plant harvested seeds.
The Mexican Chapter of the Permanent Peoples' Tribunal has called on the Mexican government to ban the planting of genetically modified (GM) maize in the country. The decision cited the importance of maize as one of three principal staple crops globally, which millions depend on. The Tribunal, which considered evidence gathered over three years from over 1000 organizations on this and other issues, also highlighted the importance of Mexico as the centre of origin of maize globally.
In a unanimous decision of 194 countries, the United Nation's Convention on Biological Diversity (CBD) today formally urged nation states to regulate synthetic biology (SynBio), a new extreme form of genetic engineering.