Consolidation and Concentration in Agricultural Biotechnology: Next Generation Competition Issues

BThe most recent wave of consolidation in agricultural biotechnology has sharply reduced the number of rivals from the “Big 6” to the “Big 3.” This level of consolidation, and resulting high concentration, in markets for genetic traits, genetically modified crop seed, and crop protection raises novel and significant issues for growers and consumers. These revolve around the effects of high concentration on innovation and the shift in the competition paradigm from rivalry at individual le