In the Matter of China National Chemical Corporation and Syngenta AG. File No. 161 0093 #8

Submission Number:
8
Commenter:
Doug Sombke
State:
South Dakota
Initiative Name:
In the Matter of China National Chemical Corporation and Syngenta AG. File No. 161 0093
Dear Sirs, Extreme concentration in the agribusiness sector has long threatened the wellbeing of farmers and ranchers. A recent wave of consolidation in the agricultural inputs sector has farmers particularly on edge, with three major proposed mergers: Dow-Dupont, Bayer-Monsanto and ChemChina-Syngenta. If all three are approved, it would limit major players in the agrichemical and seed sectors to just four companies. the deal would give the resulting conglomerate an unfair advantage in accessing Chinese markets, as ChemChina is owned by the Chinese government. If any or all of the proposed mergers in this third wave of consolidation are approved, American farmers and ranchers will be left with less choice and higher input prices. The ChemChina-Syngenta merger compounds those negative effects by creating trade barriers and uncertainty in international markets. The FTC should reject ChemChinas proposed purchase of Syngenta. Respectfully, Doug Sombke