How might biotechnology increase the market power held by large corporate farms and big agribusinesses?
Most of the biotech crops on the market today have required years and years of expensive scientific research and passage through a strict regulatory process. Consequently, most genetically engineered seeds are protected under patent and licensing restrictions to assist the companies in protecting their intellectual property. For a biotechnology firm to develop and deliver a seed or other GMO to market, it must have a very large research, marketing, and distribution network. Right now, only the large, well-established agribusiness companies have networks extensive enough to achieve success in the commercial market. These conditions make it very difficult for smaller companies to compete with the large multinationals. As fewer and fewer firms control more and more of the biotech industry, the market becomes more concentrated. A recent example is the acquisition of Pioneer Hi-Bred (the world’s largest seed producer) by DuPont (a major agribusiness and agrochemical producer). The newly cre
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