Newscasts

PNS Daily Newscast - May 25, 2018 


President Trump scraps planned talks with North Korea’s Kim Jong Un. Also on our Friday rundown: California lawmakers support and emergency hotline for foster kids; and boating is a booming business in states like Minnesota.

Daily Newscasts

More Than 300 Food, Farm Groups Urge Sessions to Oppose Mega-Mergers

Three proposed mega-mergers would create companies that would control nearly 70 percent of the world's pesticide market. (Pixabay)
Three proposed mega-mergers would create companies that would control nearly 70 percent of the world's pesticide market. (Pixabay)
February 17, 2017

CHEYENNE, Wyo. - Nearly 325 organizations have signed a letter pressing new U.S. Attorney General Jeff Sessions to make sure the Justice Department does its job without political interference when it looks at a proposal to allow the mergers of Dow Chemical and DuPont, Monsanto and Bayer, and Syngenta and ChemChina.

Tiffany Finck-Haynes, a food-futures campaigner with Friends of the Earth, said her group and others want Congress to provide oversight, because President Trump met with the chief executives of Monsanto just before he was inaugurated.

"It raised a lot of ethics questions for lawyers who are very well versed in anti-trust law," she said, "because they said that this is very uncommon; that presidents hardly ever - and really in history, have not - interfered in this way."

The letter said that if all three deals were to close, the newly created companies would control nearly 70 percent of the world's pesticide market, more than 60 percent of commercial seed sales and 80 percent of the U.S. corn-seed market. Trump has said the mergers would create jobs and boost the U.S. economy.

Joe Maxwell, executive director of the Organization for Competitive Markets, said big mergers are bad for the environment, small farmers, rural communities and consumers. He cited climate change as one reason the nation needs more diversified and competitive development.

"There's little incentive for these companies to do further research and development on seeds," he said. "We all worry about having too few strains or genes in those seeds. If we become too dependent, we'll look just like Ireland did in the potato famine."

When these types of mergers happen, said Lisa Griffith, interim director of the National Family Farm Coalition, prices go up and some seed varieties disappear.

"A lot of these varieties that are available from the agri-chemical corporations are GM varieties, genetically modified," she said, "which may not be what the farmer wants."

More information is online at foe.org.

Eric Galatas, Public News Service - WY