Briefing Note, May 31st, 2016
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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.
La Via Campesina, GRAIN and ETC Group
For more background, see ETC Group’s recent report: Breaking Bad: Big Ag Mega-Mergers in Play [1
The Year that Ended Dangerously
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?
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.
Paris, 27th November 2015 – Some of the world’s largest agro-industrial corporations will be flying the flag for ‘climate-smart agriculture’ at the upcoming Climate Summit.