Two new reports examine mega-merger’s impacts on farmers and consumers
WASHINGTON, D.C. – As the Department of Justice considers the approval of the Bayer-Monsanto merger, two new reports detail the impacts the merger will have on consumers, farmers and the future of “Big Data” in agriculture.
An event at the National Press Club will delve into two new research pieces on the Bayer-Monsanto merger. The first analysis explores the implications of a combined Big Data, chemical and seed platform owned by Bayer (BAYN) and Monsanto (MON) and how it may impact competition and farmer choice. The release of the analysis coincides with a hearing Tuesday on technology in agriculture and data-driven farming in the U.S. Senate Committee on Commerce, Science, & Transportation.
The second analysis uses the concept of a “tight oligopoly on steroids” to examine how the unique characteristics of the Bayer-Monsanto merger magnify their market power in the seed/agrochemical sector and squeeze farmers and consumers.
Event: Concentration in the Agriculture Business and the Bayer-Monsanto Merger
When: 9:00 A.M. – 10:30 A.M. on Tuesday, November 14, 2017
Where: National Press Club, Zenger Room,
- Joe Maxwell, Executive Director, Organization for Competitive Markets, Moderator
- Bill Bullard, Chief Executive Officer, Ranchers-Cattlemen Action Legal Fund, United Stockgrowers of America
- Ben Burkett, Director, Mississippi Association of Cooperatives and President, National Family Farm Coalition
- Mark Cooper, Ph. D., Director of Research at Consumer Federation of America
- Leah Douglas, Reporter and Policy Analyst, Open Markets Institute
- Erich Pica, President, Friends of the Earth
Following the event, over 1 million signatures opposing the Bayer–Monsanto merger will be delivered to the Department of Justice by representatives from the panel and the organizations that collected the signatures.
For reporters interested in an advanced copies of the embargoed reports, please contact [email protected].
For an assessment of what the merger would mean for pesticide use, see Center for Food Safety’s blog.
Friends of the Earth fights to create a more healthy and just world. Our current campaigns focus on promoting clean energy and solutions to climate change, ensuring the food we eat and products we use are safe and sustainable, and protecting marine ecosystems and the people who live and work near them.
Organization for Competitive Markets is a national, non-profit public policy research and advocacy organization. Founded in 1998, OCM is the only national think tank focusing strictly on antitrust and trade policy in agriculture, working toward the common purpose of returning our food and agricultural sector to true supply-demand based competition.
The Open Markets Institute, formerly the Open Markets program at New America, works to protect our economy and democracy from extreme concentrations of economic and political power. We do so by researching and reporting on the political and economic dangers posed by monopolization and advocating for ways to reestablish America's political economy on a more fair, secure, and stable footing.
Center for Food Safety’s mission is to empower people, support farmers, and protect the earth from the harmful impacts of industrial agriculture. Through groundbreaking legal, scientific, and grassroots action, we protect and promote your right to safe food and the environment. Please join our more than 900,000 advocates across the country at www.centerforfoodsafety.org. Twitter: @CFSTrueFood, @CFS_Press
Pesticide Action Network (PAN) North America works to create a just, thriving food system. For too long, pesticide and biotech corporations have dictated how we grow food, placing the health and economic burdens of pesticide use on farmers, farmworkers and rural communities. PAN works with those on the frontlines to tackle the pesticide problem — and reclaim the future of food and farming.