2018-01-16 | permalink

Agribusiness First: Trump’s Farm Policy

Reducing Competition and Farmers’ Choices
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Another major merger, between global giants Bayer and Monsanto, appears to be next in line for regulatory approval. In January, prior to taking office, President-elect Trump met with officials from Bayer and Monsanto indicating that he would approve the proposed merger. In November, Trump’s Committee on Foreign Investment in the United States (CFIUS), an inter-agency body housed at the Department of Treasury, gave the merger the green light. The merger is still being reviewed by the Justice Department and European Union antitrust regulators have yet to approve the merger, expressing concerns about reduced competition, choices for pesticides and seeds, and prices for farmers.

If the Bayer-Monsanto merger is approved, the new company would be the world's largest vegetable seed company, world's largest cottonseed company, world's largest manufacturer and seller of herbicides and world's largest owner of intellectual property/patents for herbicide-tolerant traits, according to an analysis by civil society organizations.

“We have to buy seeds; they (Monsanto-Bayer) have us in a situation where we have to buy their product,” Texas farmer Dee Vaughan told the Texas Tribune. “But they still have the ability to go even higher on their prices.”

• IATP: Agribusiness First: Trump’s Farm Policy