Iowa Farmers Union President Says Bayer-Monsanto Merger Is Devastating For Iowa Producers

Late Monday afternoon, Aaron Lehman, President of the Iowa Farmers Union, released a statement, saying that the approved merger of Bayer and Monsanto is very bad news for Iowa farmers. “The decrease in competition will result in fewer innovations in research, fewer choices for farmers to buy our inputs and to higher costs to grow our crops,” he says. He adds that the timing couldn’t be worse. According to the U.S. Department of Agriculture (USDA), this will be the fifth consecutive year with lower farm income for Iowa producers, and a decrease in competition will ultimately lead to higher prices—further reducing margins and income potential. “Leaving so much leverage in the hands of just a few multi-national agribusiness giants is just inviting abuse of power,” Lehman says.