The National Black Farmers Association (NBFA) last week said it plans to bring an injunction against Bayer to stop the German corporation’s $66 billion acquisition of Monsanto. The announcement comes as farmers and antitrust advocates across the country organize against the looming merger of the two agrochemical giants, which they say would have dire consequences for both conventional and organic farmers.
Read MoreIn a September 20 hearing on Capitol Hill, executives from Monsanto, Bayer, Syngenta, Dow and DuPont defended their plans to merge into three giant agrochemical companies. Under questioning by Senators on the Judiciary Committee, they emphasized that the deals would increase their companies’ ability to “innovate” and to develop better seeds and agricultural chemicals.
Read MoreBayer’s $62 billion offer to buy Monsanto is the latest in a series of proposed mega-mergers in the seed and agrochemical sectors, following ChemChina’s planned takeover of Syngenta and Dow’s merger with DuPont. These deals have raised fears of higher prices, reduced crop biodiversity, and even greater obstacles to innovation in these industries.
Read MoreBayer's announcement that it intends to buy Monsanto, the world's largest seed producer, shocked farmers and consumers alike. The deal could have a profound -- and negative -- effect.
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