New report shows four largest agrochemical companies — Bayer (#Monsanto), BASF, Corteva & Sinochem — are exerting increasing leverage over an agricultural system that concentrates power & wealth, while threatening health, the environment & access to food beyondpesticides.org/dailynewsblog/… 
Institutional economists suggest that when 4 firms combine to control 40% or more of a market it's no longer competitive — it's an oligopoly. @ETC_Group estimates that by 2020 just 4 firms controlled ~51% of seed sales, and 62% of global agrochemical sales philhoward.net/2023/01/04/see…
@ETC_Group In his new report Dr Philip Howard writes, “Such high levels of concentration can also threaten political sovereignty, or lead to additional consequences, including negative impacts on communities, labor, human health, animal welfare, and the environment.” philhoward.net/2023/01/04/see…
@ETC_Group The dominant agribiz firms assert that smart farming and industry consolidation are needed to feed a growing world population. But @glenndavisstone says the real problem is overproduction due to massive govt subsidies, which leads to a “runaway train” of industrial agriculture.
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