Nebraska Farmers Union members are opposing the Chem China purchase of Syngenta. President John Hansen says they’ve submitted written comments to the Federal Trade Commission opposing the deal. He says market concentration is a major problem in the seed chemical industry and if the purchase is allowed to proceed it’ll be costly for farmers and give them less options.
He says the $43 billion buyout by Chem China will put more market concentration the ag sector that’s already seen a large amount of concentration lessening competition.
Hansen says state owned companies like the Chem China Syngenta purchase have a large unfair advantage over any traditional company.
Hansen says if the purchase by Chem China of Syngenta is allowed it make the Chinese company the world’s largest manufacturer and distributer of agrichemicals and pesticides in the world.
