Monsanto and Bayer: Why Food and Agriculture Just Took a Turn for the Worse
News broke this week that Monsanto accepted a $66 billion takeover bid from Bayer. The new company would control more than 25 per cent of the global supply of commercial seeds and pesticides. Bayer’s crop chemicals business is the world’s second largest after Syngenta, and Monsanto is the leading commercial seeds business. Monsanto held a 26 per cent market…