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Dow DuPont Merger Complete, Divesting Company Not Enough for NEFU

Dow DuPont Merger Complete, Divesting Company Not Enough for NEFU

Photo: WNAX


The Dow DuPont merger was completed on August 31. Now the process begins of separating Dow DuPont into three different companies and divesting some of the firm’s holdings. However, Nebraska Farmers Union President John Hansen says those spin-offs will do little to address concentration concerns.

Prior to the finalization of the deal, Dow and DuPont argued merging would help cut costs by $3 billion and drive seed and chemical innovation. However, a study from Texas A&M University shows seed prices rising 2.3 percent for corn and 1.9 percent for soybeans after both the Dow DuPont and Monsanto Bayer mergers are done. Hansen says that’s because they leave farmers with less choice and higher costs.

Hansen says part of the answer to the mega agribusiness mergers lies with Congress and better oversight.

The Dow DuPont merger has farmers, employees and state and federal leaders all worried.

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