In this file:
· AFBF: Dow/DuPont merger carefully scrutinized by DOJ
· Farmers Union Opposes Approval of Dow DuPont Merger
· US Antitrust Regulators Approve Merger of DuPont and Dow
AFBF: Dow/DuPont merger carefully scrutinized by DOJ
By Julie Harker, Brownfield
June 16, 2017
The Chief Economist of American Farm Bureau (AFBF) says the antitrust approval for the Dow and DuPont merger comes with careful scrutiny by the Department of Justice, which is making both companies divest of some of their businesses. Bob Young tells Brownfield Ag News that AFBF understands the drivers for consolidation in the ag industry, “In a perfect world, we’d all like to have more competitors than fewer. But, I think we also recognize that we’re at a time where the farm economy is contracting a little bit and so the revenue stream available to our input suppliers is down.”
And, Young says there are other constricting factors affecting ag seed and chemical companies, “When you look at the regulatory environment that these folks have to operate in. Just the cost that is incurred to bring new products to market whether they be a new seed trait or a new chemical, or whatever, it just takes a lot of money and a lot of time.”
Young says there are concerns...
Farmers Union Opposes Approval of Dow DuPont Merger
Radio 570 WNAX (SD)
June 19, 2017
The U.S. Justice Department has given conditional approval to the $142 billion merger of Dow Chemical and DuPont companies, pending divestiture. The deal creates the largest agriculture biotechnology seed firm in the United States. Nebraska Farmers Union President John Hansen says it’s another example of the continuation of ag concentration across the country. He says the result will be higher prices for farmers and fewer choices.
He says those large companies always argue merging will mean increased efficiency and better delivery of products. Hansen says the companies use those “so-called” efficiencies to pad their own profits at the expense of their customers.
Hansen says without the Justice Department bringing tougher antitrust enforcement over these mega mergers, it’s now necessary to turn to Congress for help...
more, including audio
US Antitrust Regulators Approve Merger of DuPont and Dow
BY Associated Press
via KTIC (NE) - June 16, 2017
The long-delayed $62 billion merger of DuPont and Dow has been approved by U.S. antitrust regulators.
Once merged, DuPont and Dow plan to spin off into three public companies: one focusing on agriculture, one on material science and one on specialty products.
The Justice Department said Thursday it would approve the deal as long as the companies sell off some herbicide and chemical units to preserve competition. Those sales are already in the works.
European regulators approved the deal in March. The new company will be called DowDuPont and have dual headquarters in Midland, Michigan, and Wilmington, Delaware...