Monsanto and Bayer: Why Food and Agriculture Just Took a Turn For The Worse

September 19, 2016 0 Comments

News broke this week that Monsanto accepted a $66 billion takeover bid from Bayer.The new company would control more than 25 per cent of the global supply of commercial seeds and pesticides.Bayers crop chemicals business is the worlds second largest after Syngenta, and Monsanto is the leading commercial seeds business.

Monsantohelda 26 per cent market share of all seeds sold in 2011. Bayer (mainly a pharmaceuticals company) sells 17 per cent of the worlds total agrochemicals and also has a comparatively small seeds sector.If competition authorities pass the deal, the combined company would be the globes largest seller of both seeds and agrochemicals.