The problem of consolidation in the seed industry is well known. One company in particular, the Monsanto Company, controls a high percentage of the global seed market and continues to increase its dominance by acquiring or merging with a significant number of companies in its industry. Monsanto has acquired dozens of independent seed companies in the last decade. It controls 70% of the transgenic corn market and more than 90% of the transgenic soybean market.
In 2007, Monsanto acquired Delta and Pine Land, the nation’s largest cotton seed company. OCM opposed this acquisition, as did several other farm organizations and 13 state attorneys general. Monsanto now controls about 90% of the cotton seed and cotton seed traits marketplace.