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Shining Light on Farm & Food Policy for 20 Years.
Wednesday, April 24, 2024
The board of directors for Kansas City Southern decided to terminate its merger agreement with Canadian Pacific Railway in March for a new deal with Canadian National Railway.
Even though it wasn’t at the table for the talks between Bayer and Monsanto that led to a unification of the two companies, BASF still stands to gain significantly from the changes brought about in a new business climate.
The Trump administration’s approach to mergers and acquisitions in the agriculture-related industries appears to follow the antitrust enforcement policies of previous administrations, in the view of a former Department of Justice (DOJ) antitrust lawyer.
A possible merger between grain giants Archer Daniels Midland and Bunge would allow the companies to lower their costs by consolidating operations, but also would reduce competition in the ag marketplace, potentially hurting farmers already suffering from low commodity prices.
Opponents of industry mergers and modern farming techniques thought they had the perfect partners in the Obama Administration to more strictly enforce anti-trust laws and stop industry consolidation in agriculture. That didn’t happen.
WASHINGTON, June 15, 2017 – DuPont and Dow Chemical say they’ve gotten approval from the Justice Department’s Antitrust Division for their merger, a combination that will create the world’s largest crop protection and seeds company.
WASHINGTON, March 31, 2017 - DuPont is selling part of its crop protection business to FMC Corp. and acquiring that company’s health and nutrition business to satisfy conditions imposed by the European Commission when it approved DuPont’s merger with Dow Chemical on Monday.
