In its business merger, Bayer will not use the Monsanto brand

In its business merger, Bayer will not use the Monsanto brand

Bayer, the large German pharmaceutical and agrochemical group, announced that it will discontinue the Monsanto brand following the acquisition of the American seed and pesticide giant.

On June 7, Bayer will complete the purchase of Monsanto for a value of$ 63 billionFor this, it had to sell some businesses for USD 8,800 million to BASF to fulfill the conditions.

Bayer is still the name of the company. Monsanto as a company name will not be kept“Said the Bayer statement but the brands of products sold by Monsanto such as the herbicide Round Up, yes.

The German group did not need any explanation for this deletion of the Monsanto name. But since the announcement of the acquisition of the American company in mid-2016, environmental defenders have pressured authorities with protests and demonstrations around the world.

The aim of the merger is to deepen research in biotechnology for which Bayer will invest millions of dollars in genetic editing of crops.

Bayer and Monsanto in South America

In the immediate term, the merger of Bayer and Monsanto will impact the Southern Cone of America with new pesticides “since the glyphosate-resistant soybean model has failed, glyphosate will be replaced by new, more potent, more dangerous and aggressive pesticides for the communities ”Commented the Argentine researcher and specialist Carlos Vicente.

Vicente indicated that this merger implies the consolidation of the corporate concentration that exists worldwide of seeds and pesticides, "today with the merger of Dupont and Dow that formed the Corteva Agriscience megacorporation, the purchase of Syngenta by ChemChina, more the purchase of Monsanto by Bayer leaves 60% of the world market for seeds and pesticides in the hands of these three corporations, leaving the peoples' food sovereignty vulnerable ”.

Carlos Vicente, pharmacist and member of the Biodiversity Group, elaborated on the analysis, pointing out that this merger will have serious repercussions for small producers “farmers, peasants and indigenous peoples will suffer the deepening of the aggression that has been occurring since the advance of agribusiness . This merger implies more territory occupied by agribusiness, more hectares covered with soy ”.

The social impact of the business

In Paraguay it is estimated that at least one million peasants have been displaced by soybean crops in just one decade. Similar situations are repeated in Brazil, Argentina and Uruguay; According to the expert, the mega-mergers do not bring anything good in this sense and he assures that as a consequence of them the expulsions of peasant communities will deepen “clearly what corporations want are liberated territories, without people, to be able to make monocultures, the communities will to continue to be displaced ”.

The political scenario is not encouraging either regarding the possibility of putting limits on the advance of the agribusiness megacorporations in the south of the continent. Carlos Vicente points out that during the progressive governments there were lukewarm attempts to put limits on the agribusiness giants, however “with The advance of right-wing governments this situation becomes much more critical because directly those who manage the Ministries of Agriculture are the representatives of agribusiness, giving them all the power to continue advancing in this that not only has an impact on peasant communities but also a dramatic impact on the diet of our peoples ”he concluded.

With information from:

Video: Monsanto: The Company that Owns the Worlds Food Supply (October 2020).