The Fruits of Civilization (81-3) Biochemical Companies

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Though Monsanto has the lion’s share of the weed-and-seed market, DuPont, Syngenta, Bayer CropScience, Dow Chemical, and BASF are also major sellers. The worldwide chemicals industry underwent consolidation in the mid-2110s as profit margins shrank, most notably for chemicals used in the agricultural sector. This is just one of innumerable examples of the natural trend toward oligopolization under modern capitalism.

Monsanto’s wish to commercialize GM wheat withered with outcry from international buyers who threatened to boycott US wheat exports if the product was introduced.

In 2014, 1.6 billion hectares worldwide were under cultivation. 11.3% of that acreage – 181.5 million hectares – grew GM crops; 50% of which were soybeans, and 30% GM corn. Cotton came in 3rd at 14%.