Monsanto recently made a bid to take over European agrichemical giant Syngenta, the world’s largest pesticide producer. The $45 billion bid was rejected, but there’s still a chance for a merger between these two chemical technology giants.
Monsanto is reportedly considering raising the offer, and as noted by Mother Jones,1 “combined, the two companies would form a singular agribusiness behemoth, a company that controls a third of both the globe’s seed and pesticides markets.”
As reported by Bloomberg,2 the possibility of Monsanto taking over Syngenta raises a number of concerns; a top one being loss of crop diversity.
“…[A] larger company would eventually mean fewer varieties of seeds available to farmers, say opponents such as [science policy analyst at the Center for Food Safety, Bill] Freese.
Another is that the combined company could spur increased use of herbicides by combining Syngenta’s stable of weed killers with Monsanto’s marketing heft and crop development expertise.
‘Two really big seed companies becoming one big seed company means even less choice for farmers,’ said Patty Lovera, assistant director of Food and Water Watch, a policy group in Washington.
‘From a public health and environmental perspective this is a complete disaster,’ said Bill Freese… ‘The more I look at this, the more it worries me and the more it needs to be opposed.’”