June 12th, 2014
Monsanto’s Seed Company Subsidiaries
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The rise of genetic engineering has not only diminished the ability for farmers to practice their own methods of seed selection, but also turned another sector of agriculture into a business monopolized by a few corporations.
Since the 1990s, the number of companies that sell seeds for commodity crops like corn and soybeans has decreased dramatically. Farmers are dependent on a smaller number of firms for seeds, and the prices have risen sharply as the market has become more concentrated.