NFU Asks FTC To Stop ChemChina-Syngenta Merger

On Monday, The National Farmers Union urged the FTC to oppose the proposed acquisition of Syngenta by ChemChina.  NFU President Roger Johnson said if approved this merger would squeeze an already tight budget for most American farmers.

“For 30 years, major agribusiness companies have been acquiring small companies, consolidating the marketplace and increasing their market share.  Because these companies hold so much market power, family farmers have had less choice, less competition, and higher prices for their inputs.”

Johnson added the ChemChina-Syngenta merger creates trade barriers and uncertainty in international markets.  He adds domestic companies that operate within China receive unfair subsidies, making it very challenge to compete.

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