Bayer’s Blood Money to Buy Monsanto
German-based pharmaceutical company Bayer is offering a $66 billion all-cash acquisition of Monsanto Co. This would be the largest all-cash acquisition ever made with a lot at stake for both farmers and consumers. 2016 has been a big year for mergers, specifically in the competitive agriculture field and the rush to consolidate. With Sygenta AG (who Monsanto had originally sought to acquire) being bought out by ChemChina, and merge between Dow and DuPont, the competitive market in agriculture in seeds and chemicals is now being shrunk down to be ran by the three main conglomerate groups.
This is a HUGE scare for farmers who will end up paying higher costs for seeds and services while the price of grains has significantly plummeted over the years. According to recent market research, the merged Monsanto-Bayer will now control a 36% market share for the U.S. corn seeds and traits, while the newly merged Dow-DuPont will hold about a 41% market share. The merger itself has been under extreme scrutiny publicly and politically. With a merger of this magnitude predicated to take several months to complete, many anti-trust advocates predict an intense pushback. It is also predicted that due to the timeframe to complete this all-cash acquisition it will probably be a test to the new administration in 2017 as to making the final decision on this merger.
Shrinking competition and hiked prices aren’t even the worst of this demonic partnership. The NY Times released an article in 2003 explaining how the German company had participated in some serious risky business in the early 1980’s. The company had sold millions of dollars of blood-clotting medicine for hemophiliacs – medicine that was contaminated with the HIV/AIDS – to countries in Asia and Latin America. Meanwhile, they sold a newer and “safer” product to it’s customers in the West. After it had been confirmed that this company had been infecting these hemophiliac patients with HIV/AIDS, they continued to sell their contaminated products overseas. Although concrete records have been difficult to pinpoint, or are now unavailable, it’s long-term effects have not gone unnoticed. In fact, according to the same NY Times article, more than 100 hemophiliac patients who used the medicine in Hong Kong and Taiwan had contracted HIV, many whom have since died.
SO…why isn’t anyone raising hell that a company that infected potential millions of people on this planet with HIV is now seeking a majority control to our food resources? Is this not extremely questionable, or scary as hell to say the least? Let’s also consider that this drug lord is attempting to buy out one of the shadiest agriculture conglomerates on the planet? If humans are already questioning the quality of their produce and food as it is being massed produced in today’s market, what will happen when a known assassin (Bayer) dips their toes in the pool? Well, first of all – EVERYTHING we eat will soon be controlled by one huge toxic corporation. This is a global safety crisis.
For more information on how you can help you can help stop the Bayer-Monsanto acquisition visit https://actions.sumofus.org/a/stop-the-bayer-monsanto-mega-merger and sign the petition.