Mega-mergers: 3 giant corporations controlling South Africa’s food and farming systems...

This briefing deals with the three mega mergers taking place in the agriculture sector as Dow Chemical and DuPont are set to merge, China National Chemical Corporation (ChemChina) is to acquire Syngenta and Bayer is to acquire Monsanto. The proposed Bayer-Monsanto merger will give control of almost 30% of the world’s commercial seed market and almost 25% of the world’s commercial pesticide and herbicide (agrochemical) markets to just one company. These mergers expand and intensify an extractivist economic model that will deepen inequalities and our current ecological, political and social crises. They also reveal an insidious and deep penetration of food production systems by finance capital such as Blackrock and the Vanguard Group.

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