WASHINGTON, D.C. – The Department of Justice formally announced today its approval of the Bayer-Monsanto merger, contingent upon divestments from the two companies.
Tiffany Finck-Haynes, senior food futures campaigner with Friends of the Earth, issued the following statement in response:
This toxic mega-merger is another Trump Administration handout to an industry that’s poisoning people and the planet. The Department of Justice is prioritizing corporate profits instead of listening to the 1 million Americans who spoke out against the merger. DOJ also failed to listen to more than 93 percent of polled farmers who are concerned about the merger.
Americans deserve better than corporate monopolies that drive up food prices and put family farmers out of business. The DOJ’s weak divestment requirements will do nothing to stop Bayer-Monsanto from controlling more and more of our food system. This merger will damage the bargaining power of family farmers, prevent farmers from accessing diverse seed varieties, and allow seed prices to rise.