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Monday, April 16th, 2018

The $66 billion Bayer-Monsanto merger just got a major green light — but farmers are terrified

Author:     Dana Varinsky
Source:     Business Insider
Publication Date:     Apr. 9, 2018, 9:48 PM
 Link: The $66 billion Bayer-Monsanto merger just got a major green light — but farmers are terrified
Stephan:   In yet another take over Bayer, a German corporation with a checkered past is merging with what is in my opinion one of the most evil corporations on earth, Monsanto. As a result of this trend, which is getting almost no media coverage,  counties in rural America in states controlled by Republicans are being turned into corporate plantations and the population into peasants subjected to all manner of poisons and toxins. It is the inevitable result of a christofascist society run only for profit

  • Credit: Jim Young/Reuters

    Bayer, a German pharmaceutical and chemical company, has won approval in the US to buy agricultural giant Monsanto.

  • But farmers are worried about what the consolidation might mean for prices and their future business.
  • Whereas Bayer and Monsanto claim the move will spur innovation, other analysts have expressed skepticism.

A blockbuster deal between Bayer and Monsanto appears to be moving ahead.

On Monday, the US Department of Justice approved the German pharmaceutical and chemical group’s bid to buy the US seed giant for more than $60 billion, The Wall Street Journal reported. Bayer agreed to sell off additional assets to alleviate anti-trust concerns.

The two companies first announced the potential deal in September 2016, saying the move would boost agriculture research and innovation.

“By the time 2050 rolls around, the world will have 10 billion people, and the demand for food will double,” Robb Fraley, Monsanto’s chief technology officer, told Business Insider last year. “The whole point here is that the business combination between Monsanto and Bayer […]

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