Earlier this month, Bayer orchestrated the biggest takeover of 2016 when it agreed to buy rival Monsanto for $66 billion. This is only the latest in a string of deals poised to create a new “big three” in the agriculture world.
While many observers worry that these mergers will squash competition, the truth is that so-called “agribusinesses” are trying to retain some semblance of control in a cost-constrained, demand-starved market. Firms focused on seed production in particular will be hit hard by a widespread movement away from GMO crops. In the years ahead, the emerging field of technological farming may represent the industry’s most promising growth opportunity.
Material posted on this website is for informational purposes only and does not constitute a legal opinion or medical advice. Contact your legal representative or medical professional for information specific to your legal or medical needs.