Senate Judiciary Committee Chairman Chuck Grassley has called a hearing next Tuesday to scrutinize the wave of consolidation. Farmers in Iowa, the Republican senator's home state, are worried that seed and chemical costs are rising while grain prices are near their lowest levels in years. Farm incomes have plunged.Senator Bernie Sanders, who recently ended a run for the Democratic presidential nomination, called the deal "a threat to all Americans. The Swiss company fended off that offer only to agree later to a takeover by China's state-owned ChemChina.U.S. In soybean seeds and traits, the group estimated a merged Dow/DuPont would have about 38 percent.

Source: The Star September 14, 2016 20:48 UTC