A giant company just bought another giant company, but if you’re not an investor or a farmer, you may not have noticed. Bayer—the aspirin company that also makes farm products like pesticides—announced on Wednesday it was merging with Monsanto, the massive genetically-modified seed producer that owns about a third of the seed market in the US.
By Kaleigh Rogers | MOTHERBOARD
The $66 billion merger is the largest this year, and means Bayer now controls more than a quarter of all seeds and pesticides on the planet, according to the BBC. But what’s even crazier is that this is just the latest in a long list of big mergers of agricultural companies this year, meaning the options for where farmers buy their seeds, pesticides, and fertilizers are shrinking at lightning speed.
If this all sounds vaguely threatening but you’re not sure why, it’s because there’s a chance these mergers could put additional pressure on farms, leading to higher food prices, or even threaten food security.