Statement of Wenonah Hauter, Executive Director, Food & Water Watch
Washington, D.C.—“Today’s announcement by the U.S. Department of Justice that it will allow a merger between Dow and DuPont is terrible news for farmers, consumers and the environment. This deal will create the largest biotechnology and seed firm in the U.S. and can only be seen as an ominous sign that the Trump administration is going to rubber stamp deals that let huge companies get even bigger. In short, it’s planting the seeds for even more corporate control of our food supply.
“This deal comes as other huge mega-mergers are being considered for the highly-consolidated seed and agrichemical sector, including a pending deal between Monsanto and Bayer.
“This mega-merger will raise farmers’ prices and severely limit choices for farmers, consumers and rural communities. The ongoing wave of agribusiness and food company mega-mergers is surrendering our food system to a corporate cabal that thwarts our efforts to build a fair and healthy food system, leaving farmers with fewer choices and higher prices, speeding up the chemical treadmill of herbicide use and GMO crops.
“Requiring a minor divestment of a few pesticides is not going to solve the core problem this deal will create. Selling off a few assets to other giant biotech or chemical companies is not going to make these markets competitive. This merger creates a company that will control 76 percent of the U.S. market for corn and 66 percent of the U.S. market for soybeans, giving them the power to charge farmers higher prices and effectively decide which seeds farmers can plant.
“This approval sadly confirms what we’ve already seen of the Trump administration’s approach to governing, which is to give free reign to corporations at the expense of the public interest.”
Contact: Kate Fried, Food & Water Watch, (202) 683.4905, [email protected]