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Concerned Over Growing Power of Big Ag, States Joining DOJ Probes of Mega-Mergers | Common Dreams | Breaking News & Views for the Progressive Community

Two pending mega-mergers between agribusiness giants—Dow-DuPont and Bayer-Monsanto—are reportedly facing scrutiny from a number of U.S. states concerned over the intense consolidation of the global genetically modified organism (GMO) and pesticide industries.Citing anonymous sources with knowledge of the investigations, Reuters reported Monday that seven state attorneys general have joined the Department of Justice (DOJ) probe into the $130 billion Dow-DuPont merger while an unknown number of states “would join the Bayer-Monsanto merger investigation.”

“The states are concerned that the companies may raise pesticide and herbicide prices for farmers following a merger, and have less incentive to compete to introduce better and cheaper products, two of the sources said,” the news outlet reported.

Source: Concerned Over Growing Power of Big Ag, States Joining DOJ Probes of Mega-Mergers | Common Dreams | Breaking News & Views for the Progressive Community

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