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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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Striving for Power Via Farm Chemicals, GMOs and Seed Patents (part 1 of 2)

Touch the Soil News #379 Historically we have followed the Monsanto company whose operations have ignited domestic and global protest. Operating at a lower public profile are two other companies (Syngenta and ChemChina) whose business lines are similar to Monsanto’s – genetic modification of plants, agrochemicals and patenting seeds for private corporate ownership. In an unsuccessful attempt last year (2015), Monsanto tried to acquire Syngenta – to create the world’s largest biotech and agrochemical company. Syngenta management spurred the deal, essentially saying Monsanto was not a suitable partner. Earlier this year, ChemChina (China National Chemical Corporation) – a state-owned enterprise by the Chinese government – made a bid to acquire…

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