Alberta Canola Meets With Competition Bureau Regarding Bayer-Monsanto Merger

May 4, 2017

The proposed merger between Bayer and Monsanto has the potential to significantly reduce competition and stifle innovation for canola farmers.

(Edmonton, Alberta) May 4, 2017 –  The Alberta Canola Producers Commission is concerned about the potential impact of Bayer-Monsanto merger on the canola industry and met with the Competition Bureau at the end of April to discuss.

This merger has the potential to have a monumental impact on Canadian canola and the entire cropping sector.  Analysis of Alberta Financial Services Corporation (AFSC) 2016 insured acres by canola variety estimates the combined company would control approximately 94 per cent of the canola traits and 66 per cent of the canola seed sales in Alberta. Renn Breitkreuz, Vice-Chair of the Alberta Canola Producers Commission attended the meeting and says “This new life sciences giant could potentially control almost all of the herbicide tolerant seed traits and almost three quarters of the seed sales in Western Canada.”

Farmers want more choice freedom on their operations and the canola seed market is already dominated by a few large players, limiting these options. This newly merged company would control the two most used canola herbicides: glyphosate (also commonly known as Roundup) and glufosinate ammonium (known as Liberty).

“The lack of competition is what’s concerning when it comes to drivers of future innovations in canola. We’ve already seen instances where the big players aren’t interested in investing in solutions for a small crop on the global scale.” says Ward Toma, General Manager of the Alberta Canola Producers Commission.

Alberta Canola is also concerned about the impact the merger may have on international export markets because the industry exports over 90 per cent of the canola grown in Canada; regulatory approvals for biotechnology, pesticides, and phytosanitary measures are the most significant issues for market access.

The Alberta Canola Producers Commission was the province’s first refundable check-off farmer organization. The mandate is to increase the long-term profitability of Alberta canola growers through research, consumer and producer education programs, and policy development.

To learn more:

http://albertacanola.com/news/bayer-monsanto-merger-serious-concern-for-canola-farmers/

Media Contacts:
Megan Madden, Communications Coordinator
Alberta Canola Producers Commission
[email protected]
 (780) 454-0844

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