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How will potential takeover of Syngenta by ChemChina affect US farmers?

| | August 24, 2016

Long a major customer of U.S. farmers, China on [Aug. 22] took another step toward being a major supplier, as a key U.S. merger authority cleared China National Chemical Corp.’s planned takeover of Syngenta AG , a top seller of crop seeds and pesticides. Syngenta is a Swiss company, but about one-quarter of its sales come from North America.

. . . . Syngenta’s sale to ChemChina, a Chinese state-owned enterprise, has provoked both fears and hopes across the U.S. Farm Belt.

Some farmers are optimistic that the deal will force China to take a more direct interest in the fortunes of U.S. farmers. But others remain wary . . . and some U.S. lawmakers have warned the deal could pose new food-security concerns.

. . . .

When it comes to winning Chinese regulatory approval to import genetically engineered crops. . . Syngenta’s seeds could get fast-tracked while competing products from U.S. companies like Monsanto Co. and DuPont Co. are stymied [said Roger Johnson, president of the National Farmers Union]. That could force farmers to choose between the latest Syngenta seeds and rivals’ less-competitive versions, he said.

The GLP aggregated and excerpted this blog/article to reflect the diversity of news, opinion and analysis. Wall Street Journal subscribers can read full, original post: U.S. Farmers See Possible Benefits in Syngenta Deal

The GLP aggregated and excerpted this article to reflect the diversity of news, opinion, and analysis. Click the link above to read the full, original article.
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