The GMO creators and sustainers
The big players in the GMO market are the companies that have the biggest influence in the agricultural input market-i.e. they own the majority of the world’s seed, pesticide and biotechnology industries. I’m not going to claim anything for certain, but with this type of financial investment and functional control, I would think that they stand to gain in the GMO market. What used to be the “big 6” GMO corporations has recently become the “big 5,” as Bayer recently purchased Monsanto for a small penny of around $66 billion dollars.
As a note, Monsanto is considered the initiators of the GMO/biotechnology arena. They directly produce GMO seeds to tolerate the chemicals they also produce (win, win right?). They have been involved in the production of many other controversial and questionable products in the past. You can see more information about them here.
The “big 5”:
- Most of us recognize Bayer as the company that makes Bayer Aspirin and other medications which they still do faithfully. What most people do not know is that they are also invested in biotechnology and agrochemicals. They spend mulit-millions of dollars on federal lobbying that are inclusive of every area of business they invest in, including GMO and biotechnology. You can find more information here.
- Being the world’s largest chemical company with a large North American branch, they hold a high investment in the agricultural chemical market. If plants like roundup-ready corn provide them with more incentives to sell chemicals they are likely to invest. While they lobby to a lesser degree than Bayer, they are invested in promoting the continuance of GMO products. You can find more information here.
- Dow Chemical Company
- Dow is most commonly known for their plastic products. They are also invested in the production of agrochemicals and hydrocarbons. They have been named in several chemical spill or mishandling incidents over the last century. Dow spends almost twice as much as Bayer in government lobbying in 2013. You can find more information here.
- When I hear the name Dupont I automatically recall their products for the home. They are also involved globally in chemical, agriculture and biotechnology arenas. One of their five divisions of business is agrochemicals and GMO seeds. Their spending for lobbying in 2013 rivaled that of Dow and a good portion of it was directed at agrochemicals and biotechnology. You can find more information here.
- As the largest investor in agrochemicals and biotechnology, they are directly involved in producing GMO seeds. Herbicide and pesticide production is also primary. Syngenta was in the news in 2014 when GMO corn was sent to China without their consent. Farmers experienced the fallout and billions of dollars in losses were reported. You can find more information here.