Monsanto’s Seed Company Subsidiaries
The rise of genetic engineering (GE) has not only diminished the ability for farmers to practice their own methods of seed selection, but also turned another sector of agriculture into a business monopolized by a few corporations. Monsanto, the largest supplier of GE seed traits, now controls 60 percent of corn and 62.5 percent of soybean seeds and seed trait licenses in the United States.
Since the 1990s, the number of companies that sell seeds for commodity crops like corn and soybeans has decreased dramatically. Farmers are dependent on a smaller number of firms for seeds, and the prices have risen sharply as the market has become more concentrated.