DuPont
Ag mergers need coordinated review, says Senate chairman
The Justice Department and Federal Trade Commission ought to collaborate in their review of two major mergers that affect the seed and ag chemical supply, said Senate Judiciary chairman Charles Grassley in a letter to regulators. "It is important that these transactions are not reviewed in isolation," wrote Grassley, noting that different regulators are handling each of the mergers, Dow-DuPont and ChemChina-Syngenta.
EU cites seeds, pesticides in opening review of Dow–DuPont merger
The administrative arm of the European Union opened an in-depth review of the proposed $130 billion merger of Dow and DuPont, identifying its three primary areas of concern as seeds, pesticides and petrochemicals.
Bayer, DuPont join ag-tech investment boom
Two of the largest seed and agricultural chemical companies in the world, DuPont and Bayer, are among five partners in a $15 million accelerator fund to back early-stage agricultural technology companies, says Reuters. The new fund, called Radicle, joins a crowd of investors "hoping to profit from ever more sophisticated tools in the food supply chain, from plant genomics and seed traits, to drones and weather sensors for crops," it said.
Antitrust fears arise following proposed Dow-DuPont merger
The Justice Department should conduct “a careful analysis” of whether the proposed Dow-DuPont merger will create an agro-chemical giant that unfairly dominates seed and pesticide sales, the chairman of the Senate Judiciary Committee said in a letter to antitrust regulators.
BASF sees healthy future despite seed and ag-chem mergers
The third-largest producer of agricultural chemicals, German-based BASF "is not backed into a corner" by the wave of mergers among the world's largest seed and agricultural-chemical companies, says deputy chief executive Martin Brudermueller.
Block Dow-DuPont merger, groups ask Justice Department
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.
Vilsack mum as consolidation sweeps seed, ag-chemical sector
Three big mergers among the world's largest seed and agricultural chemical companies are under way or proposed — Bayer and Monsanto, ChemChina and Syngenta, and Dow and DuPont — creating concerns among growers of fewer choices and higher prices when they go shopping. Agriculture Secretary Tom Vilsack told Harvest Public Media, “I’m not going to respond directly to particular business transactions."
Seeds banks around the world struggle for funding
“Once seeds are secured in gene banks, it is a never-ending — and expensive— job to keep them viable,” writes Virginia Gewin at Yale Environment 360.
Report calls for Hawaii to clamp down on pesticide use
Hawaii’s legislature should “undertake a major update of [state] pesticide laws and regulation,” says a draft report commissioned by the Hawaii Department of Agriculture, and by Kauai county.
Biggest U.S. ag company picks Delaware for HQ
Delaware "beat out Iowa and Indianapolis to land the corporate headquarters for what will be the largest agriculture company in the nation, a spin-off that will be created after the merger of DuPont and Dow later this year," reports the Wilmington News Journal.
Former No. 2 USDA official becomes DuPont executive
Chinese corn spy faces up to five years in prison
Chinese businessman Mo Hailong pleaded guilty in Des Moines to conspiracy to steal trade secrets - inbred corn seeds from two of the largest U.S. seed companies - in return for prosecutors' recommendation of a shorter prison sentence, said the Justice Department. "Mo Hailong participated in the theft of inbred corn seeds from fields in the Southern District of Iowa for the purpose of transporting the seeds to China. The stolen inbred, or parent, seeds were the valuable intellectual property of DuPont Pioneer and Monsanto."
Syngenta workers hospitalized in pesticide incident in Hawaii
Ten employees at Syngenta Kauai were taken to the hospital when they walked onto a corn field 20 hours after the application of chlorpyrifos, reports The Civil Beat. Typically, workers are supposed to wait 24 hours before going back into the fields after a chlorpyrifos spray. Three of the workers stayed overnight at the hospital, but all have since been released and cleared for work.
Dow-DuPont merger may be felt on the farm
The potential merger of industrial giants Dow and Dupont "would merge two agricultural chemicals businesses and fold in DuPont's seeds business, analysts said, bringing a close look from regulators. Farmers said they were concerned about higher prices for seeds and chemicals," reported Reuters.
Monsanto to shutter three research centers
The giant seed company Monsanto will close three research and development centers, in Wisconsin, Connecticut and North Carolina, this year in a cost-cutting move, reports Reuters. About 90 jobs will be eliminated.
Farmers take back control of big data
In what amounts to a revolt against the data-gathering initiatives of companies like Monsanto and Dupont, farmers are increasingly using sensors and other technology to gather their own data from their fields--and either crunching it themselves, selling it to aggregators and other ag-industry players, or both.
Monsanto ends attempt to buy Syngenta
The seed and pesticide giant Monsanto Co. has ended its attempt to buy Syngenta, its Swiss rival, says Deutsche Welle.
Pioneer, a “crown jewel,” affected by DuPont tussle
Fast-growing Pioneer, one of the largest U.S. seed companies, could face "long-term repercussions" from a proposal by a New York investor to break up corporate parent DuPont, reports the Des Moines Register.