Michigan Farmers Worry About 'Consolidation Crunch'

October 3, 2016 11:22 AM
 
Monsanto & Bayer

Bayer’s bid for Monsanto is just the latest in several moves by an ever-tightening agriculture industry, and a majority of farmers say they don’t like the current ‘consolidation crunch.’

In a September 2016 poll conducted by Farm Journal, of the 2,632 responses, 67% said the move was negative, with only 10% indicating it was positive. The jury was out for another 18% of respondents, with the last 5% conceding they didn’t know.

More recently, MiBiz – a business publication in West Michigan – talked with farmers in that area and concludes they tend to be cautiously pessimistic about the proposition of less competition in the marketplace.

“It’s not going to be good,” farmer Dennis Heffron told MiBiz. “I see absolutely no good in it. It’s more consolidation in the industry, and it’s a foreign company that’s going to own it. I have yet to hear of any examples of how this is good.”

Meantime, Jim Byrum, president of the Michigan Agri-Business Association, told MiBiz that in reality, “the marketplace for seed won’t change that much” and says the same is true of crop protection products.

Consolidation is occurring everywhere – not just the ag industry, Byrum adds.

Click here to read what else farmers told MiBiz about their consolidation concerns in the ag industry.

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