{"id":62750,"date":"2018-04-11T18:53:00","date_gmt":"2018-04-11T18:53:00","guid":{"rendered":"https:\/\/organicconsumers.org\/?p=62750"},"modified":"2018-04-11T18:53:00","modified_gmt":"2018-04-11T18:53:00","slug":"66-billion-bayer-monsanto-merger-just-got-major-green-light-farmers-are-terrified","status":"publish","type":"post","link":"https:\/\/organicconsumers.org\/66-billion-bayer-monsanto-merger-just-got-major-green-light-farmers-are-terrified\/","title":{"rendered":"The $66 Billion Bayer-Monsanto Merger Just Got a Major Green Light \u2014 But Farmers are Terrified"},"content":{"rendered":"<p>A blockbuster deal between Bayer and Monsanto&nbsp;<a href=\"http:\/\/markets.businessinsider.com\/news\/stocks\/monsanto-stock-price-is-flying-after-report-says-bayer-takeover-got-the-green-light-2018-4-1020977791\">appears to be moving ahead<\/a>.<\/p>\n<p>On Monday, the US Department of Justice approved the German pharmaceutical and chemical group&#8217;s bid to buy the US seed giant for more than $60 billion,&nbsp;<a href=\"https:\/\/www.wsj.com\/articles\/justice-department-to-allow-bayers-acquisition-of-monsanto-after-company-concessions-1523297010\">The Wall Street Journal reported<\/a>. Bayer agreed to sell off additional assets to alleviate anti-trust concerns.<\/p>\n<p>The two companies first&nbsp;<a href=\"http:\/\/www.businessinsider.com\/bayer-deal-values-monsanto-at-66-billion-including-debt-2016-9\">announced the potential deal in September 2016<\/a>, saying the move would boost agriculture research and innovation.<\/p>\n<p>&#8220;By the time 2050 rolls around, the world will have 10 billion people, and the demand for food will double,&#8221; Robb Fraley, Monsanto&#8217;s chief technology officer,&nbsp;<a href=\"http:\/\/www.businessinsider.com\/bayer-monsanto-merger-trump-farmers-worried-2017-2\">told Business Insider last year<\/a>. &#8220;The whole point here is that the business combination between Monsanto and Bayer will allow the companies to invest in and create more innovation, and it&#8217;s going to take a huge amount of innovation in order to double the world&#8217;s food supply.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A blockbuster deal between Bayer and Monsanto&nbsp;appears to be moving ahead.<\/p>\n","protected":false},"author":10,"featured_media":62751,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1004,1000,1031],"tags":[5,7,8],"organicbytes":[],"countries":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - 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