Last week, Jim Cramer did a fascinating segment on the seed giant and Roundup herbicide producer, Monsanto. He posits that Monsanto could be a prime target for a Justice Department antitrust action for their monopoly on seeds.
Tom Brennan writes on Cramer's segment:
A series of competition-crushing acquisitions made this biotech disguised as an agriculture outfit the market leader in genetically modified US corn, soybean and cotton seeds. And Monsanto maintains strict agreements with its farmer clients that leave them virtually no choice but to feed at the corporate trough. Plus, the company plans to push through a 42% price increase on its new seeds, and there's nothing these farmers can do about it.
Cramer states he thinks "the government is worried about about the family farmer being destroyed by Monsanto's practices" and Monsanto's action of raising seed prices is "begging the Justice Department to go after them [.....] They are tempting the wrath of Obama."
Cramer also says, Monsanto "better hope the guys at [The] Justice [Department] don't go to the movies" and see the documentary Food, Inc. which takes on Monsanto's practices, along with many other aspects of our industrialized food system.
If you haven't seen Food, Inc. yet, watch a trailer here:
On Monsanto's website, the company calls the film "one-sided [and] biased."
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