As consumers care more about how their food and fiber is produced, agribusiness has dedicated increasing dollars towards lobbying. For example, Nasdaq reports that Monsanto and Bayer have spent $2.5 million and $3.6 million, respectively, on lobbying this year.
For the past decade, the companies have focused major efforts towards GMO labelling concerns, spending a combined $120 million lobbying on this issue alone, Nasdaq reports.
As the two companies work toward a merger, some have questioned how lobbying efforts could affect the final decision. Read Nasdaq’s “You’ll Never Guess How Much Bayer and Monsanto Spend on Lobbying” to learn more.