concentration

The man that would lead the agriculture division created by the merger of U.S. giants Dow and DuPont says the companies expect to close the merger by the end of this year despite ongoing antitrust reviews, said DTN.

Senate Judiciary Chairman Chuck Glassley of Iowa said he would hold hearings next month on "a wave of consolidation among seed and chemical producers, including the merger of Dow and DuPont," the Des Moines Register reported. The announcement came one day after the Committee on Foreign Investment in the United States approved the $43 billion merger of ChemChina and Swiss-based Syngenta, which has significant operations in the United States.

The Justice Department should block the Dow-DuPont merger, which would create the largest seed and ag chemical company in the world, because it would unduly reduce competition in the sector, say a trio of legal, farm and consumer groups. The merger is part of a wave of consolidations that would turn the world's six biggest seed and ag chemical companies — Monsanto, Syngenta, Bayer, DuPont, Dow and BASF — into "a Big 4, dominated by a Monsanto-Bayer and Dow-DuPont duopoly," said the groups in a letter to regulators.

The Agriculture Department will launch a $250-million-dollar grant program this summer to support "independent, innovative and sustainable" fertilizer production at home and to reduce reliance on imports. The USDA also said it would launch a public inquiry into concentration in the seed and agricultural input, fertilizer and retail markets.