reply to post by 1nfiniteLoop
Nope, IMHO they just want to maximise their market share, this is from 2007..I'm pretty sure the picture is even rosier for them now. They are going
for total control of all the basic food staples at bare minimum.
QUOTE: "The lack of competition and innovation in the marketplace has reduced farmers' choices and enabled Monsanto to raise prices unencumbered."
- Keith Mudd, Organization for Competitive Markets, following Monsanto's decision to raise some GM maize seed prices by 35%.
The top 3 companies (Monsanto, DuPont, Syngenta) together account for $10,282 million, or 47% of the worldwide proprietary seed market.
ETC Group conservatively estimates that the top 3 seed companies control 65% of the proprietary maize seed market worldwide, and over half of the
proprietary soybean seed market.
Based on industry statistics, ETC Group estimates that Monsanto's biotech seeds and traits (including those licensed to other companies) accounted
for 87% of the total world area devoted to genetically engineered seeds in 2007.
The company claims that it licenses its biotech traits to an additional 250 companies. In 2007, almost half (48%) of DuPont's seed revenue came from
products that carried a biotech trait. UK consultancy firm, Cropnosis, puts the global value of GM crops in 2007 at $6.9 billion.
Gene Giant's Tech Cartel:
Cross-Enabling Agreements: Anti-trust regulators (anyone out there?) in Brussels and Washington take note: The Gene Giants are forging unprecedented
alliances that render competitive markets a thing of the past. By agreeing to cross-license proprietary germplasm and technologies, consolidate R&D
efforts and terminate costly IP litigation, the world's largest agrochemical and seed firms are reinforcing top-tier market power for mutual benefit.
The trend isn't new, but the tech cartel deals are getting bigger and bolder.
According to FAO estimates 75% of the genetic diversity of crop plants were lost in the last century. A survey by RAFI found that approximately 97% of
U.S. Department of Agriculture lists have been lost in the last 80 years.
Filipino farmers once grew thousands of kinds of rice. Today only two varieties account for 98% of the area sown. Mexico has lost an estimated 80% of
its varieties of maize. Of 8000 traditional rice varieties being grown in China in 1949, only 50 remained in 1970.