How the Bayer-Monsanto merger will cause the price of groceries to skyrocket
by: Daniel Barker
NaturalNews.com
Thursday, October 06, 2016
There are plenty of questions surrounding the proposed mega-merger of Bayer and Monsanto, which (if approved) may mean the creation of the world’s biggest agribusiness, but one thing seems certain: The merger will mean higher food prices for all.
Of course, that should come as no surprise. Anytime a monopoly is created, the resulting control over the market means that prices can be set at whatever levels the monopoly sees fit.
And regarding the virtual monopoly over the world’s seed supply that the Bayer-Monsanto merger would create, it’s difficult to find anyone who isn’t predicting a resulting hike in grocery bills.
From Market Watch:
“The consolidation of two big industry players into one of the world’s largest agrochemical firms may also limit farmer choice and bargaining power, with increasing seed prices expected to be passed on to the grocery aisles.”
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