The livelihoods and indeed the very lives of farmers and consumers hangs in the balance pf this acquisition. By Whitney Webb Bayer, who made it rich selling heroin to children and financing Nazi concentration camps, is set to pay over $128 a share to buy the world’s most notorious GMO seed company. German pharmaceutical and agrochemical company Bayer has finally succeeded in its attempts to buy US GM seed company Monsanto. The merger will create a company that commands more than 25% of the world’s agricultural market for seeds and pesticides. Bayer first attempted to buy Monsanto for $62 billion this past May but was unsuccessful as Monsanto demanded more money following its failed takeover of the world’s largest GM seed company Syngenta. Antitrust authorities in the US and the […] Read More
Tag: Bayer
by DAVID GUTIERREZ (NATURAL NEWS) (April 15, 2010) Drug and chemical giant Bayer AG has admitted that there is no way to stop the uncontrolled spread of its genetically modified crops. “Even the best practices can”t guarantee perfection,” said Mark Ferguson, the company”s defense lawyer in a recent trial. Two Missouri farmers sued Bayer for contaminating their crop with modified genes from an experimental strain of rice engineered to be resistant to the company”s Liberty-brand herbicide. The contamination occurred in 2006, during an open field test of the new rice, which was not approved for human consumption. According to the plaintiffs” lawyer, Don Downing, genetic material from the unapproved rice contaminated more than 30 percent of all rice cropland in the United States. “Bayer was […] Read More