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Olam – $1 Billion New Agriculture Investment in Nigeria

Touch the Soil #966 (Feature photo – Nigerian Coat of Arms– CCA SA 3.0 Unported) The third-largest agricultural conglomerate in the world is Olam. It has operations from seed to shelf making up 47 products in 70 countries. Olam is also one of the world’s largest coffee companies. The company links millions of coffee growers to roasters. So, why does it matter that Olam is investing $1 billion in new farming projects in Nigeria. First off, Africa is the last great place of agricultural assets such as new farmland and water. Farmland and water are things that most first-world nations have already developed and – in many cases – are…

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Paying $62 billion For One of the World’s Most Hated Companies

Touch the Soil News #387 Industrial agriculture is materially defined by the GMO seeds and toxic chemicals it uses. Bayer AG from Germany just announced on May 23, 2016 that it made an all cash offer to buy Monsanto for $62 billion. If the deal comes together, it will create the world’s largest seller of GMO seeds and farm chemicals. This is the largest all-cash offer ever made in the history of capitalism. Bayer AG will become one of the most deeply indebted companies as it plans to assume approximately $9 billion of Monsanto debt, sell new Bayer Ag stock for $15.5 billion and borrow another $37.5 billion. Announcement of…

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