The Bayer – Monsanto merger, announced last week, will no doubt be good for shareholders in the short term, with the sale price of seed and GMO giant Monsanto ending up at $66 billion, or $128 cash for each share. But the result for farmers across the globe will likely be far less rosy.
The Bayer – Monsanto merger deal, which took months of negotiations to finalize, will create the largest agribusiness in the world. Bayer, mostly known for their aspirin and other pharmaceutical products (including, long ago, heroin) are actually an agriculture product giant in and of themselves,with a large chunk of their yearly profits being from the sale of agricultural chemicals.
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Despite Genetically Modified Organisms (GMO’s) being touted as saviors, nations worldwide restrict or outright ban their use. That gouges their champion corporation–Monsanto– with deep profit wounds. That paradigm forces the company to get creative, and test all manner of boundaries. As agra-advancement demand grows, with GMO’s failing to catch on, Monsanto turns to countries like Vietnam to welcome its product.
The agra-giant once found success in Vietnam during 20th century struggles against colonialism. During the Vietnam War, the Vietnamese countryside drowned in massive amounts of the toxin known as Agent Orange across lush jungles. It acted as a kind of augmented herbicide, officially used to clear dense bush for troops. It was also useful for destroying food supplies, and tainting drinking water. A Vietnamese man interviewed for the 1975 documentary Hearts And Minds, who built coffins of a living, claimed many countryside children died due to the poison.
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