| Monsanto Buys Largest Central American Corn Company |
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| Written by Kiki Hubbard | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thursday, 19 June 2008 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Monsanto’s purchasing spree continues. We told you about the biotech firm's success in acquiring dozens of seed companies in the last decade. Today's announcement shows it's on the fast track to gobbling up as many competitors as possible. The company will acquire Marmot, S.A., owner of Semillas Cristiani Burkard (SCB), the leading Central American seed corn company headquartered in Guatemala City. Monsanto’s control of seed in the region will rapidly expand where SBC already has a market presence: twelve countries throughout North, Central and South America and the Caribbean, including more than 900 dealers in Central America alone. SBC is also a distributor of Monsanto’s Seminis vegetable seeds. Monsanto says the acquisition will result in expanded seed options for farmers. That's not what history shows us. These acquisitions have resulted in unprecedented concentration in the seed marketplace, resulting in less choice and higher seed prices for farmers. The only expansion we’ll see is in Monsanto’s bottom line. Source: The Earth Times
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