Harvest of Greed – The Merger of Bayer and Monsanto
By Dr. Joseph Mercola
Posted July 5, 2018
The Bayer-Monsanto entity is now the largest seed and pesticide company in the world, controlling more than 25 percent of the global seed and pesticide supply. Farmers are concerned about what the merger might do to prices and quality — since less competition inevitably tends to lead to price hikes while reducing incentive for innovation — the merger will also give the subsequent entity even more power to pressure and manipulate governments into accepting the unacceptable risks posed by GMOs and toxic pesticides.
Farmers have also expressed concern over what the merger might do to prices, as less competition inevitably tends to lead to price hikes.
As just one example, the price of a bag of seed corn has risen from $80 to $300 over the past decade alone — a price hike attributed to the consolidation of seed companies and reduced competition. The merger of Bayer and Monsanto is predicted to make matters worse. Farmers also worry that consolidation will result in lower quality products by reducing incentive for innovation. Organic farmers have their concerns as well. More…