US: Warren calls for breakup of big agriculture

Democratic presidential candidate Senator Elizabeth Warren of Massachusetts on Wednesday took aim at big agriculture and called for a break up of some recent industry mergers, charging “consolidation is choking family farms.”

Lax merger enforcement has threatened the livelihoods of farmers and allowed agribusiness companies to become too large, the Democrat claimed in a policy post on Medium. It comes ahead of the Iowa Farmers Union’s Democratic presidential candidate forum set for Saturday.

“I will appoint trustbusters to review anti-competitive mergers, including the recent Bayer-Monsanto merger that should never have been approved,” Warren wrote.

Warren also criticized the Dow-Dupont and Syngenta-ChemChina deals, which involve mergers of companies supplying seeds and other products to farmers. She said industry consolidation and expansions of agribusiness giants have resulted in companies having “immense market power.”

Full Content: Bloomberg & Medium

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