MONOPOLY MANIA: WILL MONSANTO NOW GET SWALLOWED UP BY GERMANY’S BAYER? It’s way past time for the Anti-Trust Division in the U.S. Department of Justice to wake up and prevent further anti-competitive consolidation in the ag industry. There’s no way a Bayer-Monsanto monopoly would be anything but a disaster for consumers and farmers.
Other intended ag mergers already in the pipeline are Syngenta by ChemChina; Dow and Dupont; and Potash Corp and Agrium. The Fed MUST insure true competition. First and foremost that means nixing monopolistic mergers now in play like this one between Bayer and Monsanto. Jim
“German pharmaceutical and crop chemicals manufacturer Bayer AG says talks with Monsanto Co have advanced and it is now willing to offer more than $65 billion, a 2 percent increase on its previous offer for the world’s largest seeds company.
“‘Both sides are gradually nearing consensus,’ one person familiar with the matter said.”