Senator Elizabeth Warren sounds off on Monsanto-Bayer merger

| | December 18, 2017

Back in September 2016, US agribusiness titan Monsanto and German chemical conglomerate Bayer agreed to a $66 billion merger, making way for a globe-spanning firm with huge shares of the world’s seed and pesticide markets. The deal remains unconsummated, still under scrutiny by antitrust authorities. Donald Trump signaled readiness to bless the deal before taking office, but his administration has been pretty silent about it since.

Enter Trump’s nemesis, Sen. Elizabeth Warren (D.-Mass.). In a recent speech before the Open Markets Institute, Warren denounced rising levels of corporate consolidation—massive companies merging into vast market-dominating entities that invest a share of their profits in lobbying and financing campaigns, shaping the political system to their own ends.

[Warren] called on the Trump administration to nix Bayer-Monsanto. “If the Bayer-Monsanto merger is approved, one gigantic company would supply one-quarter of the entire world’s seeds and pesticides,” she noted.

As Warren notes, the Trump administration has already blessed a similar merger between former rivals Dow and DuPont, which will eventually roll out a seed/agrichemical giant bigger than Monsanto at its current size. It also signed off on the takeover of Swiss pesticide giant and ChemChina.  If Monsanto/Bayer gets the green light as well, then just three corporations will own the lion’s share of the globe’s seed and pesticide markets, giving them enormous leverage over farmers worldwide.

Read full, original post: Elizabeth Warren Just Let Loose on Trump and Monsanto

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.

31 thoughts on “Senator Elizabeth Warren sounds off on Monsanto-Bayer merger”

  1. ‘[Warren] called on the Trump administration to nix Bayer-Monsanto. “If the Bayer-Monsanto merger is approved, one gigantic company would supply one-quarter of the entire world’s seeds and pesticides,” she noted.’

    I’d like to see a credible reference for that claim.

      • So what? 25 or 30 years ago Pioneer controlled over 40% of the corn seed market and I recall little, if any, whining, hand wringing or gnashing of teeth except maybe at Dekalb, NK and Funk.

    • So I guess its fine that the largest such company in the world is acquired by the Chi Comms but its a terrible thing that the most innovative pioneer in the history of the business, and an American Company BTW which is insisting that major operations remain centered in the US, is merging with Bayer in order to ensure its survival? Seems to me Pocahontas is jumping on the hate Monsanto train and knows nothing about this industry or its history.

        • Yes indeed. What these mother jones types fail to realize is that farmers have always decided who gets a high market share and it’s based on performance. Growers loved 3394 just as they greatly appreciated the RR trait. By the same token if a product does not perform in line with its cost growers can respond very harshly. The MJ types always think growers are dupes controlled by the likes of Monsanto.

          • Exactly.

            What the MJ crowd does not get is the ferocious independence of American Farmers.

            Go start an Ag business where your mission statement is to “dupe or strong-arm a farmer”. Call me in a year and tell me how that is working out for you.

      • You are right on target re. the Syngenta takeover by ChemChina. Bad deal for U.S. food producers, and a very bad deal for everyone in the world except the oligarchic power base in China. Problem is that Switzerland is not part of the EU, thus is immune to trade policies & regulations that affect businesses elsewhere. On this particular issue, Pocahontas should have been picketing in Basel back in 2015. She missed the boat!

        • Bullshit! All that act said was that lower courts cannot cavalierly overturn or usurp the statutory authority of the duly constituted regulatory agencies. There would be chaos. If there is s serious issue it should be fully adjudicated up thru the SCOTUS.

        • The word Monsanto never appeared in the provision.

          Here is the entire provision.

          “Sec. 735. In the event that a determination of non-regulated status made pursuant to section 411 of the Plant Protection Act
          is or has been invalidated or vacated, the Secretary of Agriculture
          shall, notwithstanding any other provision of law, upon request by a
          farmer, grower, farm operator, or producer, immediately grant temporary permit(s) or temporary deregulation in part, subject to necessary and appropriate conditions consistent with section 411(a) or 412(c) of the Plant Protection Act, which interim conditions shall authorize the movement, introduction, continued cultivation, commercialization and other specifically enumerated activities and requirements, including measures designed to mitigate or minimize potential adverse environmental effects, if any, relevant to the Secretary’s evaluation of the petition for non-regulated status, while ensuring that growers or other users are able to move, plant, cultivate, introduce into commerce and carry out other authorized activities in a timely manner: Provided, That all such conditions shall be applicable only for the interim period necessary for the Secretary to complete any required analyses or consultations related to the petition for non-regulated status: Provided further, That nothing in this section shall be construed as limiting the Secretary’s authority under section 411, 412 and 414 of the Plant Protection Act.[1]”
          Tell us what parts you do not agree with or are afraid of.

  2. wow….her ignorance is appalling…..no mention at all of the fact that Bayer would give up its cotton and soybean seed companies, its glufosinate herbicide, its Liberty Link trait and very likely other products as well to address anti competitive concerns. Liz is after shock value comments…..She has no clue of what the new company would look like.

  3. She has no clue about the leel of divestiture being finalized to make this deal happen. Dont you love it when Dems deliberately leave out facts to try to make a point?

    Educate youself Liz….you brain is getting smaller every day

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