Extremely Dangerous Monsanto-Syngenta Merger Would Dominate World Seed Supply

‘Multinational seed and pesticide business Monsanto has approached Syngenta, another agribusiness giant, about a possible merger. Although the first offer was rejected, business experts and GMO opponents warn that a deal is still possible and could have far-reaching consequences for farmers and consumers.

The new mega-corporation formed in the proposed deal would be “the world’s largest seed and crop chemical company with more than $30 billion in revenue and control over 35 percent of the world’s seed supply. It would dominate a market that includes other Big Ag players like BASF SE, Bayer AG and Dow Chemical Co,”according to Alternet’s Reynard Loki.

Monsanto first approached on April 30 with a deal worth $45 billion. After Syngenta rejected that offer, both corporations began building advisory teams to prepare for the next round of negotiations, which could begin this week, according to Bloomberg Business.’

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