Today, we learned that the U.S. Department of Justice has decided to allow the mega-merger of Bayer and Monsanto.
Today’s news makes it clear that our anti-monopoly laws are completely worthless and the U.S. Department of Justice merger review process is pointless. Economists have well established that there is a strong likelihood of market abuse when four companies control 45% of the market, and the fact that DOJ has now allowed one company to control 77% of all seed corn, 69% of all seed traits and 58-97% of the markets in cotton, soybeans, and canola, means DOJ has just authorized a monopoly.
America’s family farmers will pay the price for this action, and consumers will see fewer choices in the market. Where is the justice in the Department of Justice?
We appreciate all of your support and help in fighting this merger. It is clear to us that our laws don’t work for the people, and therefore our attention and our efforts must be focused on Capitol Hill to call on Congress to take action to stop agricultural mergers until stronger anti-monopoly laws are implemented.
It’s worth the fight, and we need your help. We will keep you posted in the coming weeks as to the next steps in this effort.
Thank you for all you do,
Organization for Competitive Markets
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Organization For Competitive Markets
P.O. Box 6486
Lincoln, NE 68506