On Thursday, Bayer closed its $62.5 billion purchase of Monsanto. This comes roughly a week after the Department of Justice (DOJ) approved the merger, on the condition that the corporations sell off $9 billion worth of assets, including seed divisions, intellectual property, research projects, and more. Yet even after these divestitures, the combined entity will be the largest global seed and agrochemical corporation, and U.S. based field crop growers fear the power of the new combine.
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In an article for Vice, Open Markets Food & Power reporter Claire Kelloway explains why from hot dogs to beer to chips and even charcoal, you don’t have much of a choice in whom you pay to celebrate. Even though the average grocery store carries tens of thousands of products, Americans' Independence Day shopping dollars overwhelmingly go to a tiny number of enormous companies.
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