The markets for genetically engineered (also called genetically modified or GM) crops are dominated by four seed and agrochemical companies. The high level of corporate concentration in the seed market has already meant higher prices, limited choices for farmers, a narrowing of genetic diversity in crops, and stagnating innovation. - CBAN
Corporate consolidation increases the price of seed, decreases choice in the marketplace for Canadian farmers, and stifles research and development. These three impacts are the generally anticipated consequences of corporate consolidation in most sectors and observed trends in the seeds market over the past two decades in Canada and the US already point to these particular impacts. - CBAN, 2019
“Such a heavily consolidated seed and agricultural input industry makes it easier for cartel-like tacit collusion that raises prices for farmers and other buyers and ultimately consumers while stifling innovation that is propelled by healthy competition in the marketplace. Predictably, more concentration of power and less competition will lead to reduced responsiveness to documented farmer and consumer desire for ecologically sound technologies that are cost-effective and sustainable, meaning less choice in the marketplaces for seeds, inputs and foods.” – from a letter opposing the mergers signed by over 300 groups in the US.