Owning All the Seeds: Consolidation and Control in Agricultural Biotechnology

Abstract

Agricultural companies are merging at a remarkable rate. The ensuing ag-biotech behemoths will have unprecedented control over global food production. The companies claim that this industry consolidation will not only benefit shareholders, but will serve the public by promoting food security and environmental sustainability. This Article tests those claims and finds them wanting.

Keywords: Agriculture, Biotechnology, Genetically Engineered, Genetically Modified, Merger, Acquisition, Consolidation, Food Security, Sustainability, Sustainable Agriculture, Food, biotech, ag-biotech, GMO

JEL Classification: K21, K32, Q00, Q13, Q18