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The U.S. Justice Department has proposed no changes to the Bayer and Monsanto mega merger. One million public comments were received on the merger and some of those came from a coalition that included the Organization for Competitive Markets. OCM Executive Director Joe Maxwell says they’re disappointed with the DOJ decision and are concerned about what they think is monopolistic control of the seed corn industry.
He says the Bayer Monsanto merger only results in mega ag mergers increasing farmers costs in the long run.
Maxwell says OCM is working on putting together anticompetitive legislation they want Congress to consider and eventually approve.
The Bayer Monsanto deal is an estimated $ 62.5 billion merger.