Following news of ChemChina’s acquisition of Syngenta, a farmer panel joined Mike Adams on AgriTalk to discuss their initial reactions. They weren’t so much cautiously optimistic as they were just plain cautious.
“I don’t know that I know enough about it to definitely be suspicious, but my gut says to be suspicious when China is involved,” says Indiana farmer Don Lamb. “It’s also hard to tell what’s progress and what’s not progress when it comes to mergers and acquisitions. It makes me nervous – there’s many times it doesn’t work out for the end customer.”
California cattle producer Jack Lavers speculates that the acquisition has a lot to do with China’s position as a potential leader in world food production.
“We are the world’s food source,” he says. “China is really trying to figure out how they’re going to be a competing world food source around the world, and of course feed their population at the same time.”