Senators Mike Lee (R-UT) and Amy Klobuchar (D-MN), the chairman and ranking member of the Senate Judiciary Subcommittee on Antitrust, Competition Policy, and Consumer Rights, thanked Judiciary Committee Chairman Chuck Grassley (R-IA) for scheduling a hearing on the antitrust and competition concerns surrounding several proposed mergers in the seed and chemical industry.
“Six major contributors to the seed and chemical industry are contemplating transactions with the potential to transform the industry,” said Senator Lee. “In order to safeguard the future of food and agriculture in America, we must thoroughly consider the potential consequences of consolidation in this important market. I am grateful to Senator Grassley for holding this hearing and look forward to the opportunity to address any antitrust or competition issues that may arise in connection with the proposed transactions.”
“Consolidation in the seed industry has implications for the entire food chain, and the dramatic changes being contemplated merit close scrutiny,” said Senator Klobuchar. “This Judiciary Committee hearing will allow us to examine the impact of the proposed consolidation on farmers and consumers. I look forward to examining these issues and their impact on competition.”