Recent deals in the global agrochemical and seed industry, driven by financial motivations, are a threat to farmers, prices and the environment.
The global agrochemical and seed industry is undergoing profound upheaval, with a spate of mergers and attempted mergers consolidating the sector and raising concerns about the future of the food system.
It began last year when Monsanto started looking for a partner, trying three times (unsuccessfully) to link up with Syngenta. By the end of 2015, Dow and DuPont they were teaming up. Subject to regulatory approval, the new $130bn company – DowDuPont – plans to split into three parts, one of which will focus exclusively on agricultural chemicals and seeds and is set to command a hefty market share. It is estimated DowDuPont could account for around 40% of the corn and soybean seed in the US.