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Flashback: Seedy Underbelly
posted by Mighty Staff
An essay worth a second look by Fedco-Seeds on the importance of seed diversity, triggered by the Monsanto purchase of Seminis for $1.4 billion in cash and assumed debt earlier this year. The acquisition prompted the Fedco co-op to drop Seimini seeds from their catalog after a general assessment and feedback from customers.
With the absorption of Seminis, Monsanto vaulted ahead of DuPont as the world's largest seed company. After the merger, for the first time the world's top ten seed companies control half the market. In fact, the four biggest ones have 36%.
Customer comments included the following:
- You don't need to sell your soul for a Sunsugar.
- Monsanto should be Rounded Up and composted.and our personal favorite,
- We'll survive on the sweet tastiness of the moral high ground.
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