The food system is one of the largest forces impacting our planet’s environment and people’s health. The choices about what crops are grown, where and how they are produced, who gets access to that food and who makes those decisions all have global consequences.
One of the challenges to achieving a more sustainable and fair food system is corporate consolidation in the food sector. Consider the latest proposed merger between global giants Bayer and Monsanto pending antitrust approval.
And remember, DuPont-Dow, Syngenta–Chem China and Monsanto-Bayer (if the mergers go through) aren’t agriculture companies first — they’re chemical companies.
Particularly worrisome is that these multinational corporations are focused on just a handful of commodity crops, while we know global food security comes from supporting biodiversity.
We know that corporate control leads to political capture as corporations use lobbying dollars and campaign contributions to shape public policy and regulation, with enormous implications for the environment and food safety.
We also know that once four or fewer corporations control more than 40 per cent of a market, true competitiveness is compromised: Consumers and farmers lack real choice and fair prices. Consolidation puts food workers and small-scale farmers at risk, and it increases vertical integration, further hurting farmers’ ability to compete.
To achieve greater food sovereignty, we need to embolden our regulators to take antitrust action against these mergers.
We need to see these not as simply business deals for Wall Street analysts to angst over, but as deals that affect the very essence of our food system.
Thanks for reading to the end of this story!
We would be grateful if you would consider joining as a member of The EB Circle. This helps to keep our stories and resources free for all, and it also supports independent journalism dedicated to sustainable development. For a small donation of S$60 a year, your help would make such a big difference.