Bayer-Monsanto merger

Photo credit: Karen Eliot / Flickr  (CC BY-SA 2.0)  and  Thierry Chervel / Flickr  (CC BY-SA 2.0) The biggest corporate takeover of 2016, if it happens, will create a company with a virtual lock on the world’s food supply.Germany’s pesticide and pharmaceutical giant Bayer has offered $62 billion to buy Monsanto, the world’s largest producer of genetically modified seeds. The first bid was rejected but Bayer has the money to go much higher.
The merger would give new meaning to the words “market dominance.” Eighty-five percent of all corn and 93 percent of soy planted in the US contains Monsanto’s patented, genetically modified (GM) traits and is engineered to tolerate Monsanto’s weed killer Roundup (glyphosate). But US farmers also coat almost 90 percent of US corn seeds — and, increasingly, other major crops like soy — with a different pesticide that is produced by Bayer.

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