A PYMNTS Company

US: Farmers urge administration to oppose Dow-DuPont merger

 |  March 29, 2017

National Farmers Union is calling on the Trump Administration to block the Dow-DuPont mega-merger.

Earlier this week the European Union approved of the proposed merger between Dow Chemical and DuPont.

The National Farmers Union is worried that if the merger is approved by the US Justice Department, it would create the largest biotechnology and seed firm in the US

“The reduction in competition that would be wrought by a Dow-DuPont merger will result in less innovation, higher prices, and less choice for farmers,” said NFU President Roger Johnson in a letter to President Trump. “Given the damaging and lasting effects this merger will have on family farmers and rural America, we urge you to oppose this merger,” he said.

Johnson noted that the Dow-DuPont merger occurs amidst a massive wave of consolidation in the agricultural inputs sector. The combination of the two companies, coupled with the concurrently proposed mergers of Bayer-Monsanto and ChemChina-Syngenta, threatens to limit major players in the agrichemical and seed sectors to just four companies.

Full Content: National Farmers Union

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.