ponto
August 29th, 2007, 12:41 AM
Attorney General Greg Stumbo filed comments today asking the U.S. District Court in Washington, D.C. to reject a proposed consent decree that would approve Monsanto Company’s acquisition of Delta & Pine Land Company.
Stumbo noted in the filing that this acquisition will “eliminate competition in agriculture biotechnology and seeds, stifle innovation and product choice, and result in higher prices to U.S. farmers and consumers.”
“This merger is not good for Kentucky farmers.
It allows Monsanto to increase its monopoly in agriculture biotechnology and threatens to increase food costs both for farmers and consumers,”
Currently, Monsanto has market shares ranging from 80% to 98% for biotechnology in corn, soybeans and cotton, the three largest cash crops in the U.S., and has attempted to use this market power to impose significant price increases on Kentucky farmers.
Stumbo was joined by Attorneys General from eleven other states.
Read More About Monsanto (http://www.organicconsumers.org/monlink.cfm)
Stumbo noted in the filing that this acquisition will “eliminate competition in agriculture biotechnology and seeds, stifle innovation and product choice, and result in higher prices to U.S. farmers and consumers.”
“This merger is not good for Kentucky farmers.
It allows Monsanto to increase its monopoly in agriculture biotechnology and threatens to increase food costs both for farmers and consumers,”
Currently, Monsanto has market shares ranging from 80% to 98% for biotechnology in corn, soybeans and cotton, the three largest cash crops in the U.S., and has attempted to use this market power to impose significant price increases on Kentucky farmers.
Stumbo was joined by Attorneys General from eleven other states.
Read More About Monsanto (http://www.organicconsumers.org/monlink.cfm)